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Knowing your industry standards helps ensure that your forecast is both competitive and achievable.
Instead, look for a plan that's related to the type of business you're starting.
For example, if you want to start a vegetarian restaurant, a plan for a steakhouse will still be a great match.
You’ll also have to know enough about the process to be sure you’re getting the numbers in the right place.
So, if you don’t already know what you’re doing with the numbers, the process of writing your business plan may not be that much easier with a template.
You'll see examples of how to write an effective executive summary, plan marketing activities, financial forecasting, and more.
Live Plan can easily accommodate any industry and type of business.The simple business plan template presented here will get you started.A standard business plan consists of a single document divided into several sections including a description of the organization, the market research, competitive analysis, sales strategies, capital and labor requirements, and financial data.In addition to all the complete sample plans, Live Plan includes example content for every text item in your business plan.Browse through a few examples to get an idea of how others have worded their executive summary, for instance, or other key aspects of the business plan.Whether you're a small- or mid-sized business, freelancer, nonprofit, and in literally any industry sector, we've got you covered.Plus, Live Plan has industry benchmarks baked into its software.It can provide a guideline so you’re not stuck looking at a blank page trying to figure out where to start.Plus, it shows you the general layout of a standard business plan so you know what goes where and that you're not leaving out anything.A great business plan template will also provide instructions for each step of your plan and show you what an investor-ready and SBA-approved business plan should look like.Cons of using a business plan template: While there are benefits to using a business plan template, depending on your situation it may not be the best way to complete your plan. For instance, not only do you have to complete the financial spreadsheets, but you have to do the math yourself.