This document is a template for a generic business plan. It can be used for all types of
business entities (partnerships, LLCs, corporations, sole proprietorships), in any
industry, for both informative and investment purposes. This form is intended to allow a
company to convey the nature of its business, its present status, its status within its
respective market, and its future prospects in both a written and financial format. This
document can be customized to fit the needs of any company when describing its
business.
This is a template for a generic business plan. It can be used for all types of companies
(partnership, LLC, corporation, sole proprietorship) in any industry and for both
informative and investment purposes. It is an easy to follow guide allowing you to
present to the reader in a clear and concise fashion the nature of your business, its present
status and future prospects, in both a text and financial format. The business plan format
has evolved over time, requiring you to present your company’s “story” in a manner
fitting the times – more like an extended “pitch” meeting than a detailed study. That is
not to say that the business plan format here is not all encompassing. It just allows you
the ability to present your company’s history, nature, future prospects, etc. in a manner
suitable to today’s overburdened, information saturated readership.
Take the time to carefully put together the various components needed to prepare a well
crafted business plan. Read through the various chapters of this template several times
before commencing your writing. Discuss your plan of action with fellow management,
key employees, mentors, an accountant and attorney if you have access to them, and
other individuals you trust for guidance. Then carefully write each chapter as set out here,
except leaving for last, as stated, the Executive Summary. Send the first draft of the plan
to at least 3-4 individuals that you feel can best give you input into the process. Be
prepared to spend a considerable amount of time thinking about, preparing, discussing
and rewriting the plan, especially if you have not prepared a plan before.
The real value in preparing a business plan is to allow you the time and effort to really
dig into the overall (both macro and micro) workings of your company. Things/matters
that you never (or hardly ever) thought about in the past will be revealed to you, whether
they are insignificant or crucial to your understanding of your company. You’ll find the
process of preparing the plan grueling and tedious at times, but in the end, well worth the
time and effort expended.
Good luck!
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