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Since they tend to require real work and commitment, Business Plans have often been described as detailed, comprehensive and to some extent, painstaking. The pressure that comes with creating business plans is warranted, but with the right road map, you'll be able to develop one that wouldn't exactly make you pore over a pile of paperwork just to get it done right. Feel free to choose from a great selection of business plan templates available on this website, ready-made and fully-editable in Apple Pages and other standard document formats. Present your business idea to your stakeholders and future business partners through our high-quality templates now!
Judging by all the attention surrounding business plans, you'd assume the line separating a young and inexperienced entrepreneur and success is just a spreadsheet and a detailed, colored graph. A business plan serves as the stronghold of a business. Like a building standing on poor materials, one small rainstorm in the shape of poor profit returns on its first days is all takes for a startup business to crumble.
As of May 2019, Business Insider reports Juul, Airbnb, and the We Company as among some of the most valuable private startups in the United States. It didn't take overnight to happen, and whether you believe it or not, having a business plan to accurately project the success or value of your business goes a long way.
Business plans also demand clarity of purpose since you should be able to present your ideas and projections in a tangible way. Although writing a plan for your small business is far removed from the type of writing that an academic paper requires, it should still answer two vital questions—what am I hoping to accomplish and how would I accomplish it?
You need to give careful consideration to which portion of the population will find your products and services helpful. The figures you come up with shouldn't come out of thin air. This part of your plan has to be a product of accurate and well-done research which means you also need to do your observations. Ask yourself if the market you identified is viable and profitable enough for what you intend to sell.
So what do you need to operate your business? Whether you're thinking of hiring a hundred employees first or adding a phone line to answer service calls, you have to list the tools that will get your business up and running. After all, using your mom's garage as a makeshift office is a common tale of hungry, successful and rule-defying entrepreneurs. You just have to make sure you've got everything you need to get started.
The executive summary is your business plan's elevator pitch. A one-page document is all it takes for you to include the most important information about your plan and cover everything that your stakeholders need to know in a limited space. It should also be able to tackle other parts of the plan. Follow business formatting rules and edit your document in Apple Pages if you want to make it look clean, well-prepared, and organized.
What is your company all about? Just what kind of brand are you hoping to build and which type of consumers do you hope to serve? Without knowing what your company is, it will be hard for you to structure an effective business plan. Make sure to write down all the specific consumer needs that your business will be able to answer. This is the best way for potential investors and partners to know that you have a tangible, meaningful plan.