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The 7 Best Business Plan Examples (2024)
As an aspiring entrepreneur gearing up to start your own business , you likely know the importance of drafting a business plan. However, you might not be entirely sure where to begin or what specific details to include. That’s where examining business plan examples can be beneficial. Sample business plans serve as real-world templates to help you craft your own plan with confidence. They also provide insight into the key sections that make up a business plan, as well as demonstrate how to structure and present your ideas effectively.
Example business plan
To understand how to write a business plan, let’s study an example structured using a seven-part template. Here’s a quick overview of those parts:
- Executive summary: A quick overview of your business and the contents of your business plan.
- Company description: More info about your company, its goals and mission, and why you started it in the first place.
- Market analysis: Research about the market and industry your business will operate in, including a competitive analysis about the companies you’ll be up against.
- Products and services: A detailed description of what you’ll be selling to your customers.
- Marketing plan: A strategic outline of how you plan to market and promote your business before, during, and after your company launches into the market.
- Logistics and operations plan: An explanation of the systems, processes, and tools that are needed to run your business in the background.
- Financial plan: A map of your short-term (and even long-term) financial goals and the costs to run the business. If you’re looking for funding, this is the place to discuss your request and needs.
7 business plan examples (section by section)
In this section, you’ll find hypothetical and real-world examples of each aspect of a business plan to show you how the whole thing comes together.
- Executive summary
Your executive summary offers a high-level overview of the rest of your business plan. You’ll want to include a brief description of your company, market research, competitor analysis, and financial information.
In this free business plan template, the executive summary is three paragraphs and occupies nearly half the page:
- Company description
You might go more in-depth with your company description and include the following sections:
- Nature of the business. Mention the general category of business you fall under. Are you a manufacturer, wholesaler, or retailer of your products?
- Background information. Talk about your past experiences and skills, and how you’ve combined them to fill in the market.
- Business structure. This section outlines how you registered your company —as a corporation, sole proprietorship, LLC, or other business type.
- Industry. Which business sector do you operate in? The answer might be technology, merchandising, or another industry.
- Team. Whether you’re the sole full-time employee of your business or you have contractors to support your daily workflow, this is your chance to put them under the spotlight.
You can also repurpose your company description elsewhere, like on your About page, Instagram page, or other properties that ask for a boilerplate description of your business. Hair extensions brand Luxy Hair has a blurb on it’s About page that could easily be repurposed as a company description for its business plan.
- Market analysis
Market analysis comprises research on product supply and demand, your target market, the competitive landscape, and industry trends. You might do a SWOT analysis to learn where you stand and identify market gaps that you could exploit to establish your footing. Here’s an example of a SWOT analysis for a hypothetical ecommerce business:
You’ll also want to run a competitive analysis as part of the market analysis component of your business plan. This will show you who you’re up against and give you ideas on how to gain an edge over the competition.
- Products and services
This part of your business plan describes your product or service, how it will be priced, and the ways it will compete against similar offerings in the market. Don’t go into too much detail here—a few lines are enough to introduce your item to the reader.
- Marketing plan
Potential investors will want to know how you’ll get the word out about your business. So it’s essential to build a marketing plan that highlights the promotion and customer acquisition strategies you’re planning to adopt.
Most marketing plans focus on the four Ps: product, price, place, and promotion. However, it’s easier when you break it down by the different marketing channels . Mention how you intend to promote your business using blogs, email, social media, and word-of-mouth marketing.
Here’s an example of a hypothetical marketing plan for a real estate website:
Logistics and operations
This section of your business plan provides information about your production, facilities, equipment, shipping and fulfillment, and inventory.
Financial plan
The financial plan (a.k.a. financial statement) offers a breakdown of your sales, revenue, expenses, profit, and other financial metrics. You’ll want to include all the numbers and concrete data to project your current and projected financial state.
In this business plan example, the financial statement for ecommerce brand Nature’s Candy includes forecasted revenue, expenses, and net profit in graphs.
It then goes deeper into the financials, citing:
- Funding needs
- Project cash-flow statement
- Project profit-and-loss statement
- Projected balance sheet
You can use Shopify’s financial plan template to create your own income statement, cash-flow statement, and balance sheet.
Types of business plans (and what to write for each)
A one-page business plan is a pared down version of a standard business plan that’s easy for potential investors and partners to understand. You’ll want to include all of these sections, but make sure they’re abbreviated and summarized:
- Logistics and operations plan
- Financials
A startup business plan is meant to secure outside funding for a new business. Typically, there’s a big focus on the financials, as well as other sections that help determine the viability of your business idea—market analysis, for example. Shopify has a great business plan template for startups that include all the below points:
- Market research: in depth
- Financials: in depth
Your internal business plan acts as the enforcer of your company’s vision. It reminds your team of the long-term objective and keeps them strategically aligned toward the same goal. Be sure to include:
- Market research
Feasibility
A feasibility business plan is essentially a feasibility study that helps you evaluate whether your product or idea is worthy of a full business plan. Include the following sections:
A strategic (or growth) business plan lays out your long-term vision and goals. This means your predictions stretch further into the future, and you aim for greater growth and revenue. While crafting this document, you use all the parts of a usual business plan but add more to each one:
- Products and services: for launch and expansion
- Market analysis: detailed analysis
- Marketing plan: detailed strategy
- Logistics and operations plan: detailed plan
- Financials: detailed projections
Free business plan templates
Now that you’re familiar with what’s included and how to format a business plan, let’s go over a few templates you can fill out or draw inspiration from.
Bplans’ free business plan template
Bplans’ free business plan template focuses a lot on the financial side of running a business. It has many pages just for your financial plan and statements. Once you fill it out, you’ll see exactly where your business stands financially and what you need to do to keep it on track or make it better.
PandaDoc’s free business plan template
PandaDoc’s free business plan template is detailed and guides you through every section, so you don’t have to figure everything out on your own. Filling it out, you’ll grasp the ins and outs of your business and how each part fits together. It’s also handy because it connects to PandaDoc’s e-signature for easy signing, ideal for businesses with partners or a board.
Miro’s Business Model Canvas Template
Miro’s Business Model Canvas Template helps you map out the essentials of your business, like partnerships, core activities, and what makes you different. It’s a collaborative tool for you and your team to learn how everything in your business is linked.
Better business planning equals better business outcomes
Building a business plan is key to establishing a clear direction and strategy for your venture. With a solid plan in hand, you’ll know what steps to take for achieving each of your business goals. Kickstart your business planning and set yourself up for success with a defined roadmap—utilizing the sample business plans above to inform your approach.
Business plan FAQ
What are the 3 main points of a business plan.
- Concept. Explain what your business does and the main idea behind it. This is where you tell people what you plan to achieve with your business.
- Contents. Explain what you’re selling or offering. Point out who you’re selling to and who else is selling something similar. This part concerns your products or services, who will buy them, and who you’re up against.
- Cash flow. Explain how money will move in and out of your business. Discuss the money you need to start and keep the business going, the costs of running your business, and how much money you expect to make.
How do I write a simple business plan?
To create a simple business plan, start with an executive summary that details your business vision and objectives. Follow this with a concise description of your company’s structure, your market analysis, and information about your products or services. Conclude your plan with financial projections that outline your expected revenue, expenses, and profitability.
What is the best format to write a business plan?
The optimal format for a business plan arranges your plan in a clear and structured way, helping potential investors get a quick grasp of what your business is about and what you aim to achieve. Always start with a summary of your plan and finish with the financial details or any extra information at the end.
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Frequently asked questions.
A sample business plan is an example/template document that outlines the key sections and elements that are typically included in a plan used to start and/or operate a business venture. It provides a structured format and sample content that you can use as a guide when writing your own specific business plan tailored to your company's details.
A good business plan example will contain the core components found in most business plans, including:
- Executive summary
- Company overview
- Market analysis
- Product/Service description
- Operations plan
- Management team
- Marketing & sales strategy
- Financial projections & requirements
The business plan example gives descriptions, instructions, and illustration text to explain what information should be covered in each of the sections. However, the actual data and specifics will need to be customized for your particular business.
The purpose of business plan examples is to provide an organizational framework and example formatting that can guide you in developing a professional, comprehensive plan to define their business model and convey it to potential investors or lenders. It essentially serves as a template and starting point you can adapt according to your own business goals, market, financials, and plans.
Download a free example business plan . Use it as a template for your own business plan and to see an example of what you'll find in LivePlan.
Here are some of the main ways you can utilize our examples of different business plans:
- Get a visual template. A sample plan allows you to see the typical structure and order of sections in a professional business plan. This gives you a visual template to follow for organizing your own information.
- Understand what to include. By seeing a business plan example, you can better understand what kind of information, analysis, and level of detail is expected in each section. The samples will prompt you on the key elements to cover.
- Learn proper formatting. Sample business plans demonstrate the formatting conventions like using headings, subheadings, charts, and visual layouts. You can mimic the professional presentation.
- Use it as a starting framework. Rather than starting from a blank page, you can use the sample as an initial framework and template.
- Get ideas from the examples. The descriptions and sample text in each section can spark ideas and remind you of important points to include in your own plan.
- Follow the flow and order. A good sample will put the sections in a logical order that guides the reader through the plan. You can maintain this clear flow when writing yours.
- Study them as a learning tool. For first-time entrepreneurs, reviewing several sample plans can be an excellent way to learn what investors and lenders expect to see in a high-quality business plan.
The key is using real business plan examples as a guide and framework, while customizing with your company's unique strategies, market research, projections and other plan details.
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- 14 Professional Business Plan Samples [Downloadable pdf]
Looking for business plan examples for inspiration? Download or view 14 business plans examples/samples, vetted by our MBA business plan writers. Download in PDF format or read like a book. These real business plan samples would help in writing your own business plan.
- View Real Business Plan Examples/Samples
As an entrepreneur, effectively pitching your idea to attract investors and secure funding can be a challenge. Moreover, when launching a business, creating a comprehensive business plan is paramount.
To aid you in these crucial tasks, we offer a collection of real-world and sample business plan examples across diverse industries. A well-structured business plan is indispensable in the fast-paced entrepreneurial landscape, as it delineates your goals, strategies, and financial projections, providing a clear roadmap for your venture.
Our aim is to facilitate the creation of an effective business plan by integrating real-life examples to elucidate the key elements involved. Below, you’ll find a range of 14 detailed business plan examples available for download and use.
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Important Sections to Include in Business Plan
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To create a robust business plan, ensure inclusion of the following key sections:
- Executive Summary: A brief snapshot of your business and the key highlights of your business plan. Read more
- Product and Services: An elaborate description of the offerings you will provide to your customers. Read more
- Marketing and Sales Plan: A strategic roadmap outlining how you intend to promote and market your business before, during, and after its launch. Read more
- Operating Planning: An explanation of the systems, processes, and tools necessary to efficiently run your business behind the scenes. Read more
- Organization and Management: Organization and management in a business plan outline the structure and leadership of the company. Read more
- Financial Plan: A comprehensive plan mapping out your short-term and long-term financial goals and the associated costs of running your business. If you require funding, this section is where you can outline your request and financial needs. Read more
- Key External Drivers: External drivers encompass factors like outsourcing, economic changes, industry competition, and business legislation complexity. Read more
- Startup Summary: The startup summary offers a comprehensive financial overview of , detailing expenses, asset value, and total requirements, crucial for transparency with entrepreneurs and investors. Read more
- Projected Industry Growth : Projected industry growth forecasts the sector’s expansion, offering a 10-year perspective and average annual growth rate, providing clarity to investors. Read more
- Break-even analysis: The break-even analysis visually presents key metrics and a 12-month revenue forecast to help stakeholders grasp the point where the business covers costs and starts generating profit . Read more
- Management Summary: The management summary provides a concise overview of organizational structure, key personnel, their roles, and financial commitments, ensuring stakeholders understand the business’s operational strength and leadership capability. Read more
- Financial Indicators: The financial indicators section evaluates organizational fiscal health, focusing on year-over-year profitability metrics, leverage ratios, liquidity ratios, and additional metrics, providing a comprehensive understanding of the business’s financial performance and efficiency in revenue generation from equity investments. Read more
Something Borrowed Something New is a burgeoning e-commerce enterprise specializing in wedding accessories and personalized gifts. Operating on a drop-shipping model, this business has the capability to make a significant impact in the market.
Moreover, leveraging social networking and blogging can be instrumental in generating awareness and capturing interest, thereby creating a robust online marketing strategy for Something Old and Something New.
To enhance their business operations, they are contemplating the integration of a WhatsApp CRM system. This initiative aims to optimize communication with potential customers, ensuring prompt responses to inquiries and fostering a seamless interaction process.
EPlace Solutions will be an innovative online marketplace business portal offering a variety of products to consumers throughout the globe. Founded by Mr. John Jones, a seasoned business visionary with an eye toward profit and achievement, the organization is set to enter the market in 2023.
Online shopping is at an all-time high with new consumer mindsets calling for them to shop for the types of deals and bargains that will be so much a part of the online marketplace business model.
There is an increasing demand for snack-type fast food to be consumed while window shopping and walking around inside a shopping mall.
Do you plan to start a snack bar business? Then here’s a complete snack bar startup business plan template and feasibility report you can use FREE of charge. It sounds easy to open a snack bar, but in reality, you need well-planned strategies to ensure that your business stands the test of time.
Our snack bar business plan sample includes a detailed description of the products and services offered, as well as a market a nalysis and competitive analysis.
It also includes a financial plan that outlines the startup costs, revenue projections, and break-even analysis. We like this sample plan because it demonstrates how to build a profitable snack bar business by creating a unique menu and offering healthy, high-quality snac ks that meet custome r demand.
Your snack shop business plan can look as polished and professional as the sample plan. It’s fun and easy, with Wise Business Plan. Let’s review the snack shop business plan sample and adjust them according to your audience for the best results.
A coffee shop business plan is a document that outlines what your business idea is and how it will be implemented. Its purpose is to answer questions such as what it costs to start a coffee shop, how these costs will be financed, and how much money you can expect to earn from your cafe.
Are you looking for the right business plan for your cafe? Let’s review the Coffee shop business plan sample to find out how cloud-based software can make your day-to-day work more efficient.
Our coffee shop business plan sample includes a detailed description of the products and services offered, as well as a market analysis and competitive analysis.
It also includes a financial plan that outlines the startup costs, revenue projections, and break-even analysis. We like this sample plan because it demonstrates how to build a profitable coffee shop business by creating a unique brand and offering high-quality products a nd customer service.
In the food industry, there is fierce competition. To ensure success, you need to hit the ground running with the right pitch. Our food house business plan is the ideal solution with an attractive design highlighting key information and conveying the right message.
This food business plan example features food images intended to tantalize the taste buds. It captures the theme perfectly and will convey the ultimate message to investors, clients and customers.
It is important to remember that the business plan template can be customized to meet your company’s specific needs and requirements. It will help showcase your business as a leader in the modern industry.
This food business plan template provides key slides to showcase everything from finances to marketing and key competitors. If you prefer, you can alter the content displayed to meet your specific needs, but this is a good starting point.
Ultimately, this food house business plan will be suitable for any business operating in the food industry and keen to get interested from key individuals. It will ensure that you can build up the rep of your company.
We provide a one-of-a-kind sales pitch deck designed to appeal to your prospective audience, as well as a custom presentation tailored to their information requirements.
When establishing a think tank, you will need to develop a business plan and document it properly. As a mass think tank, you need a special strategy to legalize the think tank as a non-profit organization and to raise funds for your project successfully.
Copy and print businesses offer a variety of services to both businesses and consumers. A copy and print shop can handle everything from single-page printing to large-volume jobs using several types of media.
Our printing shop business plan sample includes a detailed description of the products and services offered, as well as a market analysis and competitive analysis. It also includes a financial plan that outlines the startup costs, revenue projections, and break-even analysis. We like this sample plan because it demonstrates how to build a profitable printing shop business by offering high-quality, customized printing services with a focus on customer s ervice and efficient operations.
Let’s take a look at Printing and Photocopy Business Plan Sample that you can use to inspire your own and easily create one.
The acquisition business plan sample is intended for businesses seeking to acquire another company or merge with a competitor. This plan includes an analysis of the target company, a valuation, and a strategy for integrating the acquired business into the existing operations. We like this sample plan because it provides a clear roadmap for the acquisition process and demonstrates the potential benefits of the deal.
At Wisebusinessplans, we understand that obtaining an L1 visa for an executive or manager requires a thorough and compelling business plan.
Our L1 business plan sample includes all the necessary components to satisfy USCIS requirements and demonstrate your qualifications and your company’s viability in the US market.
The L1 business plan sample is a comprehensive plan for a new business seeking L1 visa approval for an executive or manager. This plan focuses on demonstrating the applicant’s qualifications and the company’s viability in the US market.
We like this sample plan because it is specific to the L1 visa process and includes all the necessary components to satisfy USCIS requirements.
If you’re an entrepreneur seeking E-2 visa approval, Wise Business Plans can help you create a persuasive business plan.
Our E-2 business plan sample outlines your investment, business operations, and financial projections, providing a clear and compelling case for your ability to successfully run a business and make a significant economic impact.
The E-2 business plan sample is designed for entrepreneurs seeking E-2 visa approval, which allows individuals to invest in and manage a business in the United States. This plan outlines the applicant’s investment, business operations, and financial projections. We like this sample plan because it provides a clear and compelling case for the applicant’s ability to successfully run a business and make a significant economic impact.
If you’re looking to obtain an EB-5 visa by investing in a new commercial enterprise in the United States, Wise Business Plans can help you create a compelling business plan.
Our EB-5 business plan sample includes a description of your business, a market analysis, and financial projections, providing a detailed and persuasive case for the potential success of your venture.
The EB-5 business plan sample is designed for individuals seeking to obtain an EB-5 visa by investing in a new commercial enterprise in the United States. This plan includes a description of the business, a market analysis, and financial projections. We like this sample plan because it provides a detailed and persuasive case for the potential success of the business, which is crucial for obtaining EB-5 visa approval.
If you’re seeking investment from angel investors, venture capitalists, or other private equity firms, Wise Business Plans can help you create a compelling pitch.
Our investor business plan sample includes a pitch deck, financial projections, and a detailed analysis of the market the potential return on investment and the scalability of your business.
The investor business plan sample is intended for businesses seeking to attract investment from angel investors, venture capitalists, or other private equity firms. This plan includes a pitch deck, financial projections, and a detailed analysis of the market opportunity. We like this sample plan because it emphasizes the potential return on investment and the scalability of the business.
At Wisebusinessplans, we’re committed to helping non-profit organizations achieve their social impact goals.
Our non-profit business plan sample includes a mission statement, programs and services, marketing and outreach strategies, and a financial analysis, providing a clear roadmap for establishing or expanding your organization.
The non-profit business plan sample is designed for organizations seeking to establish or expand a non-profit entity. This plan includes a mission statement, programs and services, marketing and outreach strategies, and a financial analysis. We like this sample plan because it demonstrates a strong commitment to social impact and outlines a clear strategy for achieving the organization’s goals.
Whether you’re seeking financing from a bank or other financial institution, Wise Business Plans can help you create a detailed and persuasive business plan.
Our bank business plan sample includes a thorough financial analysis, market research, and a strategy for achieving profitability, highlighting the key factors that banks consider when evaluating loan applications.
The bank business plan sample is tailored for businesses seeking financing from a bank or other financial institution. This plan includes a detailed financial analysis, market research, and a strategy for achieving profitability. We like this sample plan because it highlights the key factors that banks consider when evaluating loan applications, and provides a strong case for the borrower’s ability to repay the loan.
The cannabis industry is rapidly growing, and Wise Business Plans can help you enter it with confidence.
Our cannabis business plan sample includes a market analysis, operational strategy, and regulatory compliance a comprehensive overview of the unique challenges and opportunities in the industry and offering a clear roadmap for success.
The cannabis business plan sample is tailored for entrepreneurs seeking to enter the rapidly growing cannabis industry. This plan includes a market analysis, operational strategy, and regulatory compliance plan. We like this sample plan because it provides a comprehensive overview of the unique challenges and opportunities in the cannabis industry, and offers a clear roadmap for success.
The executive summary is a concise overview of your business plan, highlighting the key points of each section. It should capture the essence of your business, its mission, and the purpose of the business plan. This section should be written last, but it’s placed at the beginning of the business plan. Here is an example executive summary from our professional business plan written for Eplace Solution , an innovative e-commerce portal.
- Keep it brief and focused on key points.
- Clearly define the problem and your solution.
- Highlight market opportunities and growth potential.
- Showcase your team’s qualifications.
- Include financial projections.
- End with a clear call to action.
- Tailor it to your audience.
- Review and update regularly.
In this section, provide a detailed description of your company, including its history, legal structure, location, and vision. Explain your mission statement and core values that guide your business decisions. Use real-life examples of successful companies and how their strong company descriptions have contributed to their growth. In addition, you can reuse your company description on your About page, Instagram page, or other properties that ask for a boilerplate description of your business.
This section also allows you to describe how you register your business . Here you must choose whether your business is a corporation, sole proprietorship, LLC , or another type of business .
- Describe your company’s mission and vision.
- Explain what your business does and the problems it solves.
- Mention your target market and customer base.
- Highlight your unique selling points.
- Provide a brief history and background.
A market analysis analyzes how you are positioned in the market, who your target customers are, what your product or service will offer them, and industry trends. It might be useful to do a SWOT analysis to discover your strengths and weaknesses to identify market gaps that you may be able to exploit to build your business.
As part of your market research, you’ll also need to perform a competitive analysis. It will give you an idea of who your competition is and how to differentiate your brand. Here’s an example of a competitive analysis we did for a food business.
- Research and understand your industry thoroughly.
- Identify market trends and growth opportunities.
- Analyze your competitors and their strengths and weaknesses.
- Define your target audience and their needs.
- Include data and statistics to support your analysis.
Adding products and services to a business plan involves more than listing your company’s offerings. If you intend to gain funding or partner with another business, your products, and services section needs to demonstrate your company’s quality, value, and benefits.
Here’s an example of a product and service section in the business plan we wrote for an e-commerce business that offers wedding accessories.
- Clearly describe your offerings and their features.
- Explain how your products/services address customer needs.
- Highlight any unique qualities or advantages.
- Discuss your pricing strategy.
- Mention any future product/service development plans.
Here is example of services section of a bank.
It is always a good idea to have a marketing plan before launching your business. A potential investor will want to know how you will advertise your business. Therefore, you should create a marketing plan that explains your planned promotion and customer acquisition strategies.
Discuss how you will make a sale. How will you attract customers and maximize their lifetime value? Ensure your marketing and sales forecasts align with your financial forecasts Marketing plans are usually based on the four Ps : product, price, place, and promotion. Breaking it down by marketing channels makes it easier. Discuss how you intend to market your business via blogs, email, social media, and word-of-mouth.
Here is an example of marketing strategies we develop for a restaurant business.
- Define your marketing goals and objectives.
- Outline your marketing strategies, including channels and tactics.
- Explain your sales strategy and target sales goals.
- Include a budget for marketing and sales activities.
- Discuss your sales team and their roles.
- Detail your customer acquisition and retention strategies.
- Mention any partnerships or collaborations for marketing and sales.
Example of marketing and sales plan section of a bank
The operation plan should include all the steps needed to run the business in the long run. The plan should include details about logistics, duties for each department of the company, and responsibilities for the team.
The main aspect of running a business is its costs. Whether it’s machinery or services, each requires capital.
how to write an operation plan in a business plan
- Describe your day-to-day business operations.
- Explain your supply chain and production processes.
- Outline your facility and equipment requirements.
- Discuss your quality control and efficiency measures.
- Mention any legal and regulatory compliance considerations.
- Detail your staffing and management structure.
- Include contingency plans for potential disruptions.
In this section, you can describe your current team and the people you need to hire. You will need to highlight your team’s relevant experience if you intend to seek funding. Basically, this is where you demonstrate that this team can be successful in starting and growing the business.
- Introduce your leadership team and their roles.
- Highlight their relevant experience and qualifications.
- Explain your organizational structure and hierarchy.
- Discuss key personnel responsibilities and functions.
- Mention any plans for team growth or development.
- Address any advisory boards or external support.
Management summary of coffee shoppe business.
A financial plan should include sales and revenue forecasts, profit and loss statements , cash flow statements , and balance sheets .
Now, if you plan to pitch investors or submit a loan application, you’ll also need a “use of funds” report. Here you outline how you plan to leverage any funding you might acquire for your business.
With our business templates , you can create your own income statement, cash flow statement, and balance sheet.
- Include detailed financial projections (income statement, cash flow, balance sheet).
- Explain your funding requirements and sources.
- Discuss your pricing and revenue model.
- Describe your expense management and cost controls.
- Mention any financial risks and mitigation strategies.
- Highlight key financial milestones and goals.
Financial highlights of foodShack business.
External drivers refer to the external factors or influences that significantly impact the activity and growth of an industry. These drivers include outsourcing of non-core activities, changes in economic activity, competition from other industries, and the complexity of business legislation.
Additionally, external drivers encompass the effects of changes in new business formation, especially among small businesses, which directly affect the demand for services within the industry.
- Identify and analyze current and emerging market trends in your industry.
- Assess potential positive or negative impacts these trends may have on your business.
- Evaluate broader economic conditions, including inflation rates, interest rates, and GDP growth.
- Elucidate how changes in economic conditions could influence consumer behavior, product demand, and overall cost structure.
- Outline key industry regulations and compliance requirements, discussing potential impacts on operations, costs, and market access.
- Highlight relevant technological advancements and explain their potential effects on your product or service offerings, operations, and competitiveness.
- Analyze current and potential future competitors, emphasizing the evolving competitive landscape’s impact on market share, pricing strategy, and overall business strategy.
- Consider social and cultural factors influencing consumer preferences and behaviors, exploring how societal changes can affect product demand.
- Evaluate environmental trends and regulations, discussing potential impacts on operations, supply chain, and customer perceptions.
- Assess political stability, government policies, and geopolitical factors, exploring potential risks and opportunities from political changes.
- Discuss global market conditions, analyzing how global economic trends, trade policies, and currency fluctuations may affect operations and expansion plans.
- Identify and discuss potential risks in the supply chain, such as disruptions, shortages, or geopolitical issues.
- Consider demographic shifts affecting your target market and discuss how changes may impact your customer base and marketing strategies.
- Highlight key legal and regulatory factors affecting the business, discussing potential legal challenges, compliance costs, and regulatory changes.
- Outline comprehensive risk management strategies, including contingency plans and risk mitigation strategies.
- Explain how you will monitor external drivers and emphasize the importance of staying agile and responsive to changes in the external environment.
The startup summary serves as a comprehensive overview of essential financial aspects, encompassing total startup expenses, the overall value of startup assets, and the total requirements, which is the cumulative sum of all expenses and startup investments.
It provides a clear financial snapshot, outlining the costs involved in launching the business, the value of assets acquired, and the overall financial needs for the startup.
This section is crucial for entrepreneurs and potential investors, offering a transparent understanding of the financial foundation required to initiate and sustain the business successfully.
This roadmap ensures a realistic evaluation of the business idea, identifying potential challenges and offering solutions.To write an effective plan, focus on what sets your venture apart from competitors, maintain conciseness, and embrace flexibility as a living document.
Answer fundamental questions about your business, create actionable checklists, execute the plan, and continually revise and update based on experiences and feedback.This iterative process fosters continuous improvement, helping entrepreneurs stay adaptable and enhance their business strategies over time.
- Clearly state the startup’s name and provide a concise description of its activities.
- Include a succinct mission statement capturing the startup’s purpose and goals, reflecting its core values.
- Specify the founding date and offer brief bios of key founders, highlighting relevant experience.
- Summarize the startup’s concept, explaining offered products or services and key distinguishing features.
- Clearly articulate the problem or need in the market that the startup addresses, defining the target audience.
- State what makes the startup unique, whether it’s a special feature, market gap, or competitive advantage.
- Provide a brief description of the market opportunity, covering target market size, trends, and growth prospects.
- Outline how the startup plans to generate revenue, detailing streams, pricing strategy, and potential partnerships.
- Offer a snapshot of the startup’s current status, highlighting key achievements such as product development or partnerships.
- If seeking funding, clearly state the amount sought and its allocation, covering areas like product development and marketing.
- Include a high-level financial summary with key projections for revenue, expenses, and profitability.
- Briefly outline future aspirations and plans, encompassing areas like expansion, product development, or strategic partnerships.
The projected industry growth is a pivotal aspect that forecasts the expansion of a specific sector over a defined timeframe.
For instance, it could provide an estimate of where that particular business will be standing in the next 10 years, and what will be the average annual growth rate of that industry.
This information provides prospective investors and stakeholders with a clear understanding of the industry’s potential and positions the startup within a dynamic and flourishing market.
- Emphasize the importance of industry trends and growth to your business.
- Provide a concise overview, including market size, major players, and recent trends.
- Briefly explain how you gathered data on industry growth projections (e.g., market research reports, expert interviews).
- Identify and discuss prevailing trends, such as technological advancements, changes in consumer behavior, and regulatory shifts.
- Summarize the industry’s historical growth, highlighting growth rates, market expansion, and notable milestones.
- Highlight key factors expected to drive industry growth, such as emerging markets, technological innovations, and demographic shifts.
- Discuss specific opportunities within the industry, including gaps in the market, underserved segments, or areas of competitive advantage.
- Acknowledge potential challenges or risks that could impact industry growth, demonstrating a realistic understanding.
- Present projections for future growth rates based on historical data, expert opinions, and your analysis. Include short-term and long-term projections.
- Discuss how key competitors are positioned to leverage industry growth, emphasizing your business’s differentiation strategies.
- Consider the regulatory landscape impacting growth, discussing anticipated changes and their potential effects on the industry.
- Explore international trends and their implications for industry growth, including factors like global economic conditions and geopolitical influences.
Here is example of market analysis section of a bank.
The break-even analysis serves as a vital financial tool, offering a detailed estimation of key metrics such as Sales Revenue, Cost of Sales, Gross Profit, Fixed Expenses, and Income Before Tax.
These critical components are visually presented through a bar graph, providing a clear and concise overview of the financial dynamics.
Additionally, the break-even analysis delves into a 12-month forecast, outlining the projected amount of revenue generated and the corresponding fixed costs.
This section is instrumental in helping stakeholders understand the financial threshold at which the business covers its costs and begins to generate profit.
- Define break-even analysis as a financial calculation where total revenue equals total costs.
- Identify constant costs regardless of production or sales levels.
- Enumerate and explain costs changing with production or sales.
- Present the break-even analysis formula, indicating the units needed to cover costs.
- Perform a practical break-even calculation using business-specific fixed costs, selling price, and variable cost per unit.
- Include a break-even chart or graph for a visual understanding of cost-revenue dynamics.
- Conduct a proactive sensitivity analysis to explore how changes in variables impact the break-even point.
- Specify the anticipated timeframe to reach the break-even point in terms of months or units sold.
- Clearly outline assumptions made in the analysis and provide justifications for transparency and credibility.
- Acknowledge potential risks or challenges that may affect the accuracy of the break-even analysis.
- Briefly mention contingency plans for difficulties in reaching the break-even point within the projected timeframe.
The management summary within the business plan provides a concise overview of the organizational structure and key personnel.
This includes a count of individuals, specifying the number of founders and operational team members integral to the organization.
The summary delves into the roles and responsibilities of each key figure, offering insights into the leadership dynamics driving the business.
Furthermore, the management summary sheds light on the financial aspect by presenting details about personal wages and payroll allocations for both founders and operational staff.
This comprehensive section ensures a clear understanding of the human resource framework and the financial commitments associated with the management team, crucial for stakeholders evaluating the business’s operational strength and leadership capability.
- Highlighting the critical role the management team plays in the business’s success, the introduction emphasizes their significance.
- Listing each key member with names, positions, and brief role summaries introduces the core of the management team.
- Providing brief biographies for each team member underscores their relevant experience, skills, achievements, and industry-specific expertise.
- Clearly outlining roles and responsibilities emphasizes how each team member’s skills contribute to the overall success of the business.
- Sharing the team’s vision and strategy involves discussing key strategic goals and outlining the plans to achieve them.
- Highlighting notable achievements or milestones showcases the team members’ successful ventures, industry recognition, or career accomplishments.
- Discussing team dynamics emphasizes collaboration and the complementary nature of their skills in driving the business forward.
- Introducing advisory board members, if applicable, underscores the additional guidance and expertise they bring to the business.
- Discussing how the team plans to contribute to future growth and development includes strategies for talent acquisition, leadership development, and succession planning.
- Touching on the team’s culture and values emphasizes their role in shaping the overall ethos of the business.
- If seeking investment, briefly mentioning how the management team plans to use funding for business growth and development provides insight into their financial strategy.
Here is example of marketing and sales plan section of a bank.
The financial indicators section within the business plan helps in evaluating the fiscal health and performance of the organization.
Year-after-year profitability estimates take center stage, encompassing key metrics such as gross margin, net profit margin, and EBITDA to revenue.
These indicators provide a comprehensive understanding of the business’s ability to generate profit relative to its revenue.
Furthermore, the financial indicators extend to leverage ratios, including the critical Debt to Equity ratio, Debt to Assets ratio, and Interest Coverage ratio.
These metrics illuminate the organization’s capital structure, debt management, and its capacity to meet interest obligations.
Liquidity ratios includes the Current Ratio and Current Debt to Total Asset Ratio.
These ratios provide insights into the company’s short-term financial health and its ability to meet immediate obligations.
The financial indicator toolbox is enriched with additional metrics, notably the Revenue to Equity ratio, which sheds light on the efficiency of generating revenue from equity investments.
- Detailed revenue forecasts for the next 3-5 years. Breakdown by product/service and geographical regions.
- Detailed breakdown of anticipated expenses. Include fixed and variable costs, operational expenses, and other relevant expenditures.
- Historical P&L statements if available. Projected future profits and losses based on revenue and expense projections.
- Outline of expected cash inflows and outflows. Emphasis on the ability to meet short-term obligations.
- Snapshot of the company’s financial position. Includes assets, liabilities, and equity.
- Calculation and presentation of key financial ratios (liquidity, solvency, profitability). Discussion on the significance of these ratios.
- Identification and explanation of relevant KPIs. Highlighting alignment with the overall business strategy.
- Discussion of potential financial risks. Mitigation strategies and addressing uncertainties.
- Clear statement of the amount and purpose of funds required.
- Outline of key assumptions underlying financial projections. Rationale for these assumptions.
- Summary of industry financial trends and business positioning. Outlook on future financial prospects considering market dynamics.
Looking For The Right Business Plan Format?
These sample business plans will provide you with a complete structure and format for your business plan, which will give you a head start on developing your document, so you won’t be stuck seeing an empty page and wondering what to write.
Simply going through the process of writing a business plan is one of its key benefits. If you sit down to write, you’ll naturally think about your startup costs, your target market , and any market analysis or research you’ll need to conduct. In addition to defining your position among your competitors, you will establish your goals and milestones.
You can see what should be included in a sample financial plan, but It is wrong to assume that a sample company’s financial projections will fit your own. If you need more resources to get you started, we recommend this guide on how to write a business plan .
In addition, you can download our 40+ free business plan templates covering a range of industries.
One-page business plans are short, compact, and to the point and are designed to make the plan easy to read at a glance. Make sure to include all of the sections, but truncate and summarize them
Start-up business plans are for businesses that are just getting started. They are usually developed to secure outside funding. In this regard, financials are of increased importance, as well as other sections that determine whether your business idea is viable, such as market research.
A strategic business plan lays out a company’s goals and how it will achieve them at a high level. It is a foundational document for the company as a whole. A strategic business plan allows all levels of the business to see the big picture, inspiring employees to work together to reach the company’s goals.
Developing a feasibility plan answers two primary questions about a business venture: who would purchase the service or product the company wants to sell, and if the venture is profitable.
Internal Business plans are geared to a specific audience within a company to keep your team on the same page and focused on the same goals.
In conclusion, whether you’re venturing into a traditional business or creating an innovative startup, the significance of a well-crafted business plan cannot be overstated. Different types of business plans cater to specific needs, from internal alignment to strategic expansion. Employing a template in MS Word ensures a polished presentation. The process of writing an executive summary, creating a plan, and defining the components of your business plan is essential.
Recognizing the need for a comprehensive and standard business plan can help guide your endeavors. Whether you choose to write a full business plan or opt for a one-page business overview, leveraging templates in MS Word can simplify the process. In essence, understanding the types of business plans and utilizing an executive summary template provides a structured approach to showcase your business overview.
Take inspiration from example business plans to tailor your strategy, ensuring a roadmap for success in the dynamic world of entrepreneurship. Always remember, a meticulously crafted business plan not only communicates your vision effectively but also serves as a valuable resource that can help secure investments and guide your business’s growth trajectory.
Begin with an executive summary, delve into market analysis, outline your strategies, create financial projections, and use available business plan examples as templates to guide your writing.
A comprehensive business plan template should encompass key sections such as an executive summary, business description, market analysis, marketing strategy, organizational structure, and financial projections. Seek templates online that cover these elements.
Tailor your business plan to the scale of your small business. Define your objectives clearly, outline cost-effective strategies, and emphasize agility in adapting to market changes.
Explore well-crafted business plan examples you can visit our website wisebusinessplan.
The fundamental components include an executive summary, business description, market analysis, marketing and sales strategy, organizational structure, product/service description, and financial projections.
Investors focus on growth potential, detailed financial projections, market analysis, competition analysis, and the qualifications and experience of your management team when reviewing a business plan.
To find a business plan example for a tech startup,you can visit our visit wisebusinessplan .
A business plan provides a comprehensive overview of your entire business, including strategies, operations, and financials. In contrast, a business proposal typically focuses on a specific project or offer, outlining the details and benefits to a potential client.
Craft an engaging executive summary by summarizing your business’s mission, highlighting the market opportunity, showcasing your product or service, and providing a concise overview of your financial projections.
Seek tailored business plan examples for nonprofit organizations you can visit wisebusinessplan .
These business plans are written by MBA writers. Real-world use cases were used in these plans.
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Writing a business plan from scratch seems like an uphill climb? We get that, but hold tight—you’re not alone. Even business plan writers often feel the same way while writing from scratch. That’s where a little content reference or inspiration can help—just like these business plan examples .
Reading such real-life sample business plans can be incredibly helpful while drafting your very first business plan with zero clue about business plan writing.
As you read and explore these industry-specific examples, you learn more about what you should and should not include in your business plan, ensuring sustainable and long-term growth.
So, let’s explore these 400+ business plan examples to help you quickly write a business plan—hassle-free.
Why you should refer a business plan example?
A Business plan example will provide you with the complete format and structure for your document, giving you a head start on developing your document so you’re not stuck seeing an empty page working to find out where to start.
Also, it gives you the overall layout of a professional business plan so you understand what goes where and you’re not leaving out anything.
Here are some of the key benefits of using sample business plans:
- Guidance on what to include in each section. If you’ve never attended business school, you might never have created a SWOT analysis or a balance sheet before. Business templates that give guidance — in plain language — about what to include and how to fill in each section and create a complete and effective plan.
- A business plan is vital to get an investment. If you’re seeking investment for your business, you’ll need to convince banks and investors why they should invest in your business . Lenders and investors will only risk their time and money if they’re certain that your business will be successful and profitable and they will get a great return on their investment.
- A business plan can help you prioritize. A complete, well-balanced business plan is one of the most valuable tools in assisting you to reach your long-term goals. It gives your business direction, defines your goals, outlines out strategies to reach your goals, and helps you to manage possible bumps in the way.
Creating a business plan will help you define the business goals you want to achieve, and define the strategies to achieve them. This means you can focus your resources and energy on what is important, rather than wasting time on unimportant things.
If you’re working with a team in your company then having a regular brainstorming session is the best way to keep your business on track and your business plan assures you’re all on the same page.
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Sample business plan format
Following is the standard business plan format you must consider while drafting a comprehensive business plan.
- Executive Summary : A high-level overview of your business plan.
- Company Overview : An in-depth and detailed description of your small business, its fundamental elements, and future goals.
- Market Analysis : A detailed description of your industry with the target market, competitors, and growth potential.
- Products and Services : Description of the products or services you intend to exchange for money.
- Sales and Marketing Strategies : Promotional strategies you will use to attract and retain customers.
- Operations Plan : Business processes and procedures that ensure seamless business operations.
- Management Team : Introduction to your founders, key management, and their compensation plan.
- Financial Plan : A breakdown of your financial projections and financing needs.
- Appendix : A supplementary final section that includes additional documents to support your plan.
This was about the outline. Now let’s break down and understand how to write each section, step by step, with real-life examples.
1. Executive Summary
Executive Summary is the first section of your business plan, providing a high-level overview of your entire plan and summarizing it for a quick understanding of your business.
Considering it as an introductory section of your plan, it must be clear, concise, and written to grab readers’ attention and persuade them to take action.
As business plans can be 10-20 to a hundred-page long, an executive summary remains your sole chance to gain a quick extra point.
Here are a few key components your Executive Summary must include:
- Business concept
- Company’s mission
- Company History
- Market Opportunity
- Management Team
- Financial Projections
Remember, you are bound to cover these topics in detail moving forward in your business plan, so make sure your executive summary is brief, covering only the key takeaways.
2. Company Overview
As the name suggests, the Company Overview section of your plan provides an overview of your small business, including your business concept, objectives, future goals, and what customers your business serves.
Since you will provide a brief company description in the executive summary, this section will expand on it—providing an in-depth understanding of your business.
Remember, this section is a platform for introducing and positioning your business as an ideal solution for your target market to your reader. So, make sure it’s short and succinct but impactful enough to help them understand what it does, who your potential customers are, and how you can make a difference.
Here are a few key components your business overview must include:
- Company Description
- Mission Statement
- Business Objectives
- Business History
- Future Goals
3. Market Analysis
Market Analysis is a study of your external business environment, providing a complete overview of your industry and its dynamics. This section provides valuable insights into the market, like what’s working.
When smartly researched, utilized, and written, this section can help you discover and identify untapped areas in the market and strategize to stand out from your competitors.
Remember, this section helps your readers and potential investors understand your target market, market size, and growth potential, so make sure you play your cards right.
Here are a few key components your market analysis section must include:
- Target Market
- Market Size and Growth Potential
- Competitive Analysis
- Market or Industry Trends
- Regulatory Environment
Unlike other sections of your business plan , Market Analysis requires deep research and analytical work. However, using an industry-specific example business plan can save hours of research work.
4. Products And Services
The products and services section is where you will mention and elaborate on your product or service range, description, pricing strategies, and more.
Since your business success solely depends on your products or services, your entire plan revolves around this particular section.
This section can be a crucial component of your plan while searching for an investor or partner, as a well-articulated products and services section can help you persuade them.
Here are a few key elements your products and services section must include:
- Product Description
- Product Comparison
- Pricing Strategy
- Order Management
- Quality Measures
5. Sales And Marketing Strategies
A business’s sales and marketing strategies determine how your product is displayed and reaches your target audience.
A well-designed sales and marketing plan can help you streamline your marketing efforts and create impactful and effective marketing campaigns while keeping track of the marketing budget and maximizing return on investment.
In short, this section will discuss how you’ll acquire new customers using your sales and marketing strategy. You might consider including the following information in your sales and marketing plan:
- Your target audience and brand positioning
- Your business’ UVP
- Marketing channels and distribution tactics you plan to use
- Sales goals and performance measurement
- Your customer retention strategies
- Your sales and marketing goals
6. Operations Plan
The operations plan section outlines the daily business processes and activities centered on achieving business goals and objectives described in the previous sections of your plan.
A detail-oriented logistics and operations plan helps you and your team define your responsibilities, daily tasks, and short-term goals you need to achieve, keeping track of your long-term objective.
Remember, your logistics and operations plan won’t be static but a living document. You may adjust and update it as time goes on.
Here are a few key elements your operations plan section must include:
- Staffing and training
- Tools and equipment
- Inventory management
- Supply chain management
- Operational process
7. Management Team
Your management team plays a crucial role in the ultimate success of your business. And this section introduces your owners and management team, along with their qualifications, industry experience, roles and responsibilities, and compensation plan.
A strong management team section can be critical to weigh authority and help investors be confident about your business idea and vision.
Make sure to include the educational background, accomplishments, work experience, and area of expertise for each individual, part of your management.
You might consider including the following information in the management team section:
- Business owner/founders
- Key management
- Organization structure
- Compensation plan
- Advisors/consultants
8. Financial Plan
It’s no secret that the financial plan is the most crucial yet nerve-wracking aspect of business planning. In fact, it’s one of the deciding factors when it comes to convincing potential investors and banks to invest or lend money.
This section of your plan details your business’s financial information and how it will reach its financial goals. The information may include balance sheet, income, and cash flow statements.
Here are a few key components and financial statements you must include or provide while creating a financial plan:
- Profit and loss statements
- Operating costs
- Income statement
- Cash flow statement
- Balance sheet
- Break-even point
- Financing needs
9. Appendix
While an Appendix isn’t a required element of your business plan, it can be pretty helpful in adding legal notes, charts, tables, or any other critical information to support your business document.
It generally includes financial statements, information, and documents that didn’t naturally fit into your plan but can be considered critical enough to add.
In addition, it helps readers navigate through the entire business plan and easily find specific information or documents.
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Start Planning Now
Since we are finished discussing the sections of a business, let’s learn more about how you can put an example business plan to use while writing your own.
How to use an Example of a Business Plan to write your own?
Having real-life and industry-specific business plan examples by your side can be incredibly resourceful to help you write a business plan from scratch.
A well-planned structure helps you outline your plan, while content inspiration helps you set the tone for your business document.
Let’s dive deep and understand how to use these examples effectively to write your business plan.
1. Understanding the Structure
Traditional business plans generally follow a similar structure.
It starts with an executive summary followed by a company description, market analysis, product and services, sales and marketing strategies, operational plan, management team, financial plan, and appendix.
Using an example business plan is the best way to understand the structure and outline your plan.
2. Gaining Inspiration
Reading industry-specific business plan examples can help you gain inspiration for your plan. You can gain insights on presenting your business idea, vision, mission, and values and persuade investors to invest in your idea.
3. Learning Industry-Specific Language
There’s no universal template for business planning that fits all. An industry-specific template can help you learn and understand the business language for your industry and the best way to communicate your message to your investors.
4. Identifying Key Elements
Reading business plan examples of similar businesses can help you identify the key elements and information to include in your plan. You can keep note of these and ensure everything necessary for investors to consider is present in your final draft.
5. Crafting Financial Projections
A financial plan is a critical component of your business plan, and a good business plan example can help you better understand how they project their financials which can be incredibly helpful while forecasting yours.
6. Refining Your Executive Summary
As mentioned earlier, your executive summary is a key factor influencing potential investors and lenders to invest or lend you money. Analyzing free business plan templates can help you optimize your executive summary to make it more brief, persuasive, and attention-grabbing.
7. Realizing what works and what doesn’t
Analyzing industry-specific and real-life examples can help you determine what works best and what doesn’t within your industry. Understanding these factors can help you avoid many significant pitfalls.
While business plan examples can be incredibly helpful in writing a plan from scratch, ensure your plan is customized for your business and sends out a unique message. Your business plan must reflect its unique idea, vision, and target market.
Download business plan examples for:
- Business Plan Template for Startups
- Business Plan Template for Small Business
- Business Plan Example for Non Profits
- Business Plan Example for Students
Download a free sample business plan template
Ready to kick-start your business plan writing process? Not sure where to start? Here you go, download our free sample business plan, import data directly into the editor, and start planning.
This intuitive, modern, and investment-ready template is designed specifically for startups and small businesses. In fact, this format has helped 110K+ entrepreneurs create business plans to secure funding, business grants, and loans. It includes a business planning course and step-by-step instructions to write each section.
Business plan types: choose the suitable template
Well, there are a few types of business plans. Though they cover similar categories, they all have different formats intended for different purposes or industries.
Here are a few common business plan types to help you choose the most suitable one for your business:
1. One-page business plan
One page business plan can be considered a one-page version of a standard business plan. It’s mainly used to present a quick overview of small businesses to your vendors, employees, investors, or stakeholders.
Considering its shorter length, creating a one page business plan can be a lot easier and less time-consuming compared to a standard business plan using a business plan software like Upmetrics.
2. Lean business plan
A lean business plan is a summarized version of a standard business plan that is longer than a one-page one. It’s mainly used to track finances and emphasize achieving short-term milestones.
This business plan type is best suitable if you are unsure about the business planning process. Moreover, drafting a lean business plan is also a lot easier and faster than a standard one.
3. Traditional business plan
A traditional business plan is the standard plan entrepreneurs have been using for years to outline marketing strategies, project financials, and draw investors. A traditional business plan can be a few dozen to a hundred-page long, depending on its purpose and your business specifications.
A traditional plan is a must-have business document for business owners aiming to achieve long-term business success.
4. Internal business plan
As the name suggests, an internal business plan is a document designed for internal management and team members to ensure everyone’s on the same page. The primary focus of these plans is to set primary goals and outline processes aiming to achieve them—ultimately streamlining business operations.
Start writing your business plan
There’s no denying—creating a business plan that draws investors in needs some serious work; it’s no stroll in the park. But you must take the first step to stay ahead in the cut-throat competition; there is no way around it.
So, what are you waiting for? Understand your business and the value it offers to its customers, find a suitable template from our library, and start planning.
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Frequently Asked Questions
How can i write my own business plan.
Follow this step-by-step process to write your business plan on your own.
- Choose a format that best suits your business requirements
- Create a business plan outline
- Create a company description section
- Conduct market research
- Conduct a competitive analysis
- Describe your product and services
- Outline sales and marketing strategies
- Create a logistics and operations plan
- Introduce management team
- Project financials
- Summarize your plan with an executive summary
- Complete your plan with an appendix
Where can I find business plan examples?
Upmetrics is an incredible business planning solution providing 400+ business plan samples and examples. You can easily create a good business plan using these industry-specific templates.
What is a business plan template?
A business plan template is a pre-formatted business plan, usually written for a fictional company. These industry-specific templates can help entrepreneurs understand a business plan’s structure and other key components. These templates are used mainly by entrepreneurs planning to launch a new startup or expand an existing business.
Should I hire someone to write my business plan for me?
Concept, contents, and cashflow are the 3Cs of a business plan that can be defined as follows:
- Concept: Your concept should explain the purpose of your business, summarizing what you plan to accomplish with this very business.
- Contents: Your content should reflect your concept, product and services, target market, and competition.
- Cashflow: Your cash flow section must detail your cash in-and-out flows, including capital investment, operations costs, and revenue projections.
Why Is It Beneficial to Use a Sample Business Plan as a Guide?
Let’s face it—writing a 40-50 page business plan from scratch can be too intimidating; you may soon give up and won’t even finish it.
Instead, using a sample business plan as a guide can help you understand its structure, gain inspiration and ideas for content, plan marketing strategies, and project financials. In short, using business template examples is the best way to write a business plan.
When should you not follow a business plan example?
We’ve always been saying this, using an example of a business plan is the best way to write one. However, it’s also critical to understand when not to follow a template. Here’s when:
- The format does not align with your business model or industry.
- Include outdated templates and information.
- Offer poorly written content.
- Include misleading and poorly done financials.
- There’s a lack of expertise.
These are a few red flags in a template you must consider looking at while choosing one.
Are these examples suited for business plan beginners?
Absolutely. In fact, these examples are specially designed, keeping common issues faced by beginners while drafting a plan in mind to serve them best. So, if you are a new or an established business with no planning experience, you have to check out these templates.
Looking for a faster way to finish your business plan?
18 of My Favorite Sample Business Plans & Examples For Your Inspiration
Updated: July 01, 2024
Published: November 08, 2018
I believe that reading sample business plans is essential when writing your own.
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As you explore business plan examples from real companies and brands, it’s easier for you to learn how to write a good one.
So what does a good business plan look like? And how do you write one that’s both viable and convincing? I’ll walk you through the ideal business plan format along with some examples to help you get started.
Table of Contents
Business Plan Types
Business plan format, sample business plan: section by section, sample business plan templates, top business plan examples.
Ultimately, the format of your business plan will vary based on your goals for that plan. I’ve added this quick review of different business plan types that achieve differing goals.
For a more detailed exploration of business plan types, you can check out this post .
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1. Startups
Startup business plans are for proposing new business ideas. If you’re planning to start a small business, preparing a business plan is crucial. The plan should include all the major factors of your business.
You can check out this guide for more detailed business plan inspiration .
2. Feasibility Studies
Feasibility business plans focus on that business's product or service. Feasibility plans are sometimes added to startup business plans. They can also be a new business plan for an already thriving organization.
3. Internal Use
You can use internal business plans to share goals, strategies, or performance updates with stakeholders. In my opinion, internal business plans are useful for alignment and building support for ambitious goals.
4. Strategic Initiatives
A strategic business plan is another business plan that's often shared internally. This plan covers long-term business objectives that might not have been included in the startup business plan.
5. Business Acquisition or Repositioning
When a business is moving forward with an acquisition or repositioning, it may need extra structure and support. These types of business plans expand on a company's acquisition or repositioning strategy.
Growth sometimes just happens as a business continues operations. But more often, a business needs to create a structure with specific targets to meet set goals for expansion. This business plan type can help a business focus on short-term growth goals and align resources with those goals.
I’m going to focus on a startup business plan that needs to be detailed and research-backed as well as compelling enough to convince investors to offer funding. In my experience, the most comprehensive and convincing business plans contain the following sections.
Executive Summary
This all-important introduction to your business plan sets the tone and includes the company description as well as what you will be exchanging for money — whether that’s product lines, services, or product-service hybrids.
Market Opportunity
Information about gaps in your industry’s market and how you plan to fill them, focused on demand and potential for growth.
Competitive Landscape Analysis
An overview of your competitors that includes consideration of their strengths and how you’ll manage them, their weaknesses and how you’ll capitalize on them, and how you can differentiate your offerings in the industry.
Target Audience
Descriptions of your ideal customers, their various problems that you can solve, and your customer acquisition strategy.
Marketing Strategy
This section details how you will market your brand to achieve specific goals, the channels and tactics you’ll utilize to reach those goals, and the metrics you’ll be using to measure your progress.
Key Features and Benefits
This is where you’ll use plain language to emphasize the value of your product/service, how it solves the problems of your target audiences, and how you’ll scale up over time.
Pricing and Revenue
This section describes your pricing strategy and plans for building revenue streams that fit your audiences while achieving your business goals.
This is the final section, communicating with investors that your business idea is worth investing in via profit/loss statements, cash flow statements, and balance sheets to prove viability.
Okay, so now that we have a format established, I’ll give you more specific details about each section along with examples. Truthfully, I wish I’d had this resource to help me flesh out those first business plans long ago.
1. Executive Summary
I’d say the executive summary is the most important section of the entire business plan. It is essentially an overview of and introduction to your entire project.
Write this in such a way that it grabs your readers' attention and guides them through the rest of the business plan. This is important because a business plan can be dozens or hundreds of pages long.
There are two main elements I’d recommend including in your executive summary: your company description and your products and services.
Company Description
This is the perfect space to highlight your company’s mission statement and goals, a brief overview of your history and leadership, and your top accomplishments as a business.
Tell potential investors who you are and why what you do matters. Naturally, they’re going to want to know who they’re getting into business with up front. This is a great opportunity to showcase your impact.
Need some extra help firming up your business goals? I’d recommend HubSpot Academy’s free course to help you set meaningful goals that matter most for your business.
Products and Services
Here, you will incorporate an overview of your offerings. This doesn’t have to be extensive, as it is just a chance to introduce your industry and overall purpose as a business. I recommend including snippets of information about your financial projections and competitive advantage here as well.
Keep in mind that you'll cover many of these topics in more detail later on in the business plan. The executive summary should be clear and brief, only including the most important takeaways.
Executive Summary Business Plan Examples
This example was created with HubSpot’s business plan template . What makes this executive summary good is that it tells potential investors a short story while still covering all of the most important details.
Our Mission
Maria’s Gluten Free Bagels offers gluten-free bagels, along with various toppings, other gluten-free breakfast sandwich items, and coffee. The facility is entirely gluten free. Our team expects to catch the interest of gluten-free, celiac, or health-conscious community members who are seeking an enjoyable cafe to socialize. Due to a lack of gluten-free bagel products in the food industry currently, we expect mild competition and are confident we will be able to build a strong market position.
The Company and Management
Maria’s Gluten Free Bagels was founded in 2010 by Maria Jones, who first began selling her gluten-free bagels online from her home, using social media to spread the word. In 2012 she bought a retail location in Hamilton, MA, which now employs four full-time employees and six part-time employees. Prior to her bagel shop, Maria was a chef in New York and has extensive experience in the food industry.
Along with Maria Jones, Gluten Free Bagel Shop has a board of advisors. The advisors are:
- Jeni King, partner at Winding Communications, Ltd.
- Henry Wilson, president of Blue Robin, LLP.
Our Product
We offer gluten-free products ranging from bagels and cream cheese to blueberry muffins, coffee, and pastries. Our customers are health-conscious, community-oriented people who enjoy gluten-free products. We will create a welcoming, warm environment with opportunities for open mic nights, poetry readings, and other community functions. We will focus on creating an environment in which someone feels comfortable meeting a friend for lunch, or working remotely.
Our Competitive Advantages
While there are other coffee shops and cafes in the North Shore region, there are none that offer purely gluten-free options. This restricts those suffering from gluten-free illnesses or simply those with a gluten-free preference. This will be our primary selling point. Additionally, our market research [see Section 3] has shown a demand for a community-oriented coffee and bagel shop in the town of Hamilton, MA.
Financial Considerations
Our sales projections for the first year are $400,000. We project a 15% growth rate over the next two years. By year three, we project 61% gross margins.
We will have four full-time employees. The salary for each employee will be $50,000.
Start-up Financing Requirements
We are seeking to raise $125,000 in startup to finance year one. The owner has invested $50,000 to meet working capital requirements, and will use a loan of $100,000 to supplement the rest.
Example 2 :
Marianne and Keith Bean have been involved with the food industry for several years. They opened their first restaurant in Antlers, Oklahoma in 1981, and their second in Hugo in 1988. Although praised for the quality of many of the items on their menu, they have attained a special notoriety for their desserts. After years of requests for their flavored whipped cream toppings, they have decided to pursue marketing these products separately from the restaurants.
Marianne and Keith Bean have developed several recipes for flavored whipped cream topping. They include chocolate, raspberry, cinnamon almond, and strawberry. These flavored dessert toppings have been used in the setting of their two restaurants over the past 18 years, and have been produced in large quantities. The estimated shelf life of the product is 21 days at refrigeration temperatures and up to six months when frozen. The Beans intend to market this product in its frozen state in 8 and 12-ounce plastic tubs. They also intend to have the products available in six ounce pressurized cans. Special attention has been given to developing an attractive label that will stress the gourmet/specialty nature of the products.
Distribution of Fancy's Foods Whipped Dream product will begin in the local southeastern Oklahoma area. The Beans have an established name and reputation in this area, and product introduction should encounter little resistance.
Financial analyses show that the company will have both a positive cash flow and profit in the first year. The expected return on equity in the first year is 10.88%
Tips for Writing Your Executive Summary
- Start with a strong introduction of your company that showcases your mission and impact, then outline the products and services you provide.
- Clearly define a problem, explain how your product solves that problem, and show why the market needs your business.
- Be sure to highlight your value proposition, market opportunity, and growth potential.
- Keep it concise and support ideas with data.
- Customize your summary to your audience. For example, you might emphasize finances and return on investment for venture capitalists, whereas you might emphasize community benefits and minimal environmental impact for progressive nonprofits.
For more guidance, check out our tips for writing an effective executive summary .
2. Market Opportunity
This is where you'll detail the opportunity in the market. Ask and answer: Where is the gap in the current industry, and how will my product fill that gap?
To get a thorough understanding of the market opportunity, you'll want to conduct a TAM, SAM, SOM analysis , a SWOT analysis , and perform market research on your industry to get some insights for this section. More specifically, here’s what I’d include.
- The size of the market
- Current or potential market share
- Trends in the industry and consumer behavior
- Where the gap is
- What caused the gap
- How you intend to fill it
Market Opportunity Business Plan Example
I like this example because it uses critical data to underline the size of the potential market and what part of that market this service hopes to capture.
Example: The market for Doggie Pause is all of the dog owners in the metropolitan area and surrounding areas of the city. We believe that this is going to be 2/3 of the population, and we have a goal of gaining a 50% market share. We have a target of a 20% yearly profit increase as the business continues.
Tips for Writing Your Market Opportunity Section
- Focus on demand and potential for growth.
- Use market research, surveys, and industry trend data to support your market forecast and projections.
- Add a review of regulation shifts, tech advances, and consumer behavior changes.
- Refer to reliable sources.
- Showcase how your business can make the most of this opportunity.
3. Competitive Landscape Analysis
Since we’re already speaking of market share, you‘ll also need to create a section that shares details on who the top competitors are. After all, your customers likely have more than one brand to choose from, and you’ll want to understand exactly why they might choose one over another.
My favorite part of performing a competitive analysis is that it can help you uncover the following:
- Industry trends that other brands may not be utilizing.
- Strengths in your competition that may be obstacles to handle.
- Weaknesses in your competition that may help you develop selling points.
- The unique proposition you bring to the market that may resonate with customers.
Competitive Landscape Business Plan Example
I like how the competitive landscape section of this business plan shows a clear outline of who the top competitors are. It also highlights specific industry knowledge and the importance of location. This demonstrates useful experience in the industry, helping to build trust in your ability to execute your business plan.
Competitive Environment
Currently, there are four primary competitors in the Greater Omaha Area: Pinot’s Palette Lakeside (franchise partner), Village Canvas and Cabernet, The Corky Canvas, and Twisted Vine Collective. The first three competitors are in Omaha and the fourth is located in Papillion.
Despite the competition, all locations have both public and private events. Each location has a few sold-out painting events each month. The Omaha locations are in new, popular retail locations, while the existing Papillion location is in a downtown business district.
There is an opportunity to take advantage of the environment and open a studio in a well-traveled or growing area. Pinot’s Palette La Vista will differentiate itself from its competitors by offering a premium experience in a high-growth, influential location.
Tips for Writing Your Competitive Landscape
- Complete in-depth research, then emphasize your most important findings.
- Compare your unique selling proposition (USP) to your direct and indirect competitors.
- Show a clear and realistic plan for product and brand differentiation.
- Look for specific advantages and barriers in the competitive landscape. Then, highlight how that information could impact your business.
- Outline growth opportunities from a competitive perspective.
- Add customer feedback and insights to support your competitive analysis.
4. Target Audience
Use this section to describe who your customer segments are in detail. What is the demographic and psychographic information of your audience? I’d recommend building a buyer persona to get in the mindset of your ideal customers and be clear about why you're targeting them. Here are some questions I’d ask myself:
- What demographics will most likely need/buy your product or service?
- What are the psychographics of this audience? (Desires, triggering events, etc.)
- Why are your offerings valuable to them?
Target Audience Business Plan Example
I like the example below because it uses in-depth research to draw conclusions about audience priorities. It also analyzes how to create the right content for this audience.
The Audience
Recognize that audiences are often already aware of important issues. Outreach materials should:
- Emphasize a pollution-prevention practice
- Tell audience a little about how to prevent pollution
- Tell audience where they can obtain information about prevention.
Message Content
- Focus the content for outreach materials on cost savings, such as when and where pollution prevention is as cheap as or cheaper than traditional techniques. Include facts and figures.
- Emphasize how easy it is to do the right thing and the impacts of not engaging in pollution prevention.
- Stress benefits such as efficiency or better relations with government, for businesses not primarily concerned with public image.
Tips for Writing Your Target Audience Section
- Include details on the size and growth potential of your target audience.
- Figure out and refine the pain points for your target audience , then show why your product is a useful solution.
- Describe your targeted customer acquisition strategy in detail.
- Share anticipated challenges your business may face in acquiring customers and how you plan to address them.
- Add case studies, testimonials, and other data to support your target audience ideas.
- Remember to consider niche audiences and segments of your target audience in your business plan.
5. Marketing Strategy
Here, you‘ll discuss how you’ll acquire new customers with your marketing strategy. I think it’s helpful to have a marketing plan built out in advance to make this part of your business plan easier. I’d suggest including these details:
- Your brand positioning vision and how you'll cultivate it.
- The goal targets you aim to achieve.
- The metrics you'll use to measure success.
- The channels and distribution tactics you'll use.
Marketing Strategy Business Plan Example
This business plan example includes the marketing strategy for the town of Gawler. In my opinion, it works because it offers a comprehensive picture of how they plan to use digital marketing to promote the community.
You’ll also learn the financial benefits investors can reap from putting money into your venture rather than trying to sell them on how great your product or service is.
This business plan guide focuses less on the individual parts of a business plan, and more on the overarching goal of writing one. For that reason, it’s one of my favorites to supplement any template you choose to use. Harvard Business Review’s guide is instrumental for both new and seasoned business owners.
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IMAGES
COMMENTS
The business plan examples in this article follow this template: Executive summary. An introductory overview of your business. Company description. A more in-depth and detailed description of your business and why it exists. Market analysis. Research-based information about the industry and your target market.
7 business plan examples (section by section) In this section, you’ll find hypothetical and real-world examples of each aspect of a business plan to show you how the whole thing comes together. Executive summary. Your executive summary offers a high-level overview of the rest of your business plan. You’ll want to include a brief description ...
Looking at real business plan examples can help you visualize what a successful plan looks like. With LivePlan you'll have access to over 550 free examples of a business plan to use as a starting point. Browse real business plan examples covering a broad range of businesses to see how others have written effective executive summaries, planned ...
EB-5 Business Plan. Acquisition Business Plan. Private Placement Memorandum. L-1 Visa Business Plan. EB2-NIW Visa Business Plan. EB-5 Regional Center. Exit Business Plan. Franchise Business Plans. As an entrepreneur, effectively pitching your idea to attract investors and secure funding can be a challenge.
Now let’s break down and understand how to write each section, step by step, with real-life examples. 1. Executive Summary. Executive Summary is the first section of your business plan, providing a high-level overview of your entire plan and summarizing it for a quick understanding of your business.
1. Startups. Startup business plans are for proposing new business ideas. If you’re planning to start a small business, preparing a business plan is crucial. The plan should include all the major factors of your business. You can check out this guide for more detailed business plan inspiration. 2.