While there is some benefit to spending this time developing a comprehensive business plan, agility is often more critical in the startup business world. Small Business Administration recommends business plans be between 30 and 50 pages long.
appendices such as legal documents, permits, patents, and licensesīusiness plans can quickly become huge, cumbersome documents, requiring a significant time investment from the creator. While companies of all stages and sizes use business plans, they are beneficial for startups, as they can be the key to attaining funding.Ī business plan template is a customizable document that provides all the crucial and necessary elements of a great business plan, allowing company leaders to start from a solid and established foundation rather than from scratch.Ī simple business plan template typically includes: The executive summary is the first part of your business plan many people will see, so each word should count.A business plan is a written document outlining how a company intends to achieve its primary objectives - obtaining a particular market share, growing revenue, or reaching the next round of funding. With the exception of the mission statement, all of the information in the executive summary should be covered in a concise fashion and kept to one page. Summarize future plans – Explain where you would like to take your business. Financial Information – If you are seeking financing, include any information about your current bank and investors. Your Products/Services – Briefly describe the products or services you provide. Graphs and charts can be helpful in this section. 
Growth Highlights – Include examples of company growth, such as financial or market highlights (for example, “XYZ Firm increased profit margins and market share year-over-year since its foundation”).
Company Information – Include a short statement that covers when your business was formed, the names of the founders and their roles, the number of employees, and your business location(s). It should be between several sentences and a paragraph. Mission Statement – This explains the purpose of your business. WHAT TO INCLUDE IN YOUR EXECUTIVE SUMMARY IF YOU ARE AN ESTABLISHED BUSINESS
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