Your business plan sets out your
company's purpose. It clarifies your goals, as well as how you intend to
achieve them and in what timeframe. It's a guide and reference
tool which allows you to thoroughly think through the actions
you need to take, gives a smart way of measuring progress, and can help you
show potential partners and investors how your business
Your own business plan is a unique document which can be
tailored to the needs of your company. Usually business plans cover some or
all of the following topics:
Description of the problem your company solves
Market analysis including competitor overview
Details of your product or service
Milestones and metrics
Financial forecasts and performance information
The easiest way to get started is to use a small business plan template to
guide you through the process.
How to prepare a business
1. Structure your business plan to suit your
needs Our free business plan template comes with a list of suggested headings which you can edit and alter to suit your business. Choose the topics you want to focus on for your business plan, and then build your plan structure around these.
Edit headings as required
Set the heading format to Heading 1 or Heading 2 using the menu bar options
Click on the References tab and select Update Table to have your edits show through on the Table of Contents
2. Make your business plan more robust with
If you're using your business plan to talk to investors or potential partners, you'll want to add in performance data or forecasts to show your projected growth.
If you have data in an Excel document you can simply copy paste into your Word format business plan. Use the Paste Special option to add tables as a picture. This means you can't accidentally edit the data once it is added.
Your business plan template in Word
Having a solid plan in place is the best way to make sure your company is successful. Whether you're a startup looking for investment, or an established business exploring new markets, a strong business plan is essential.
Business plans can be both internal and external facing documents. They're used to create a vision and engage employees, spot opportunities and threats in the market, and to onboard new recruits. However, the best business plans can also be used to show partners and clients how your company works, and to excite potential investors about your scope for growth.
Create your business plan using our easy Word business plan template. If you're already running an international business, or thinking of expanding overseas in future, you can also cut costs and boost your profits with a Wise business account. Make and receive international payments for less, and access currency conversion which uses the mid-market exchange rate with no markups.
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