“According to the Small Business Administration (SBA), it takes the average entrepreneur 400 hours to complete a business plan.”
You will be assigned to a team of professional business plan writers to build your business plan. You will speak directly with a professional business plan writer who will learn about you and your business. Once your business plan is written, your financials will be completed by a finance specialist. Your plan is then sent to our design department where graphics and finishing touches are added. By using this 5-step business plan process we are able to be the most efficient and deliver a better business plan.
Writing a professional business plan takes a lot of thought, time, and consideration. Handing the business plan writing off to experts, such as Wise Business Plans, is the wise thing to do.
Our mission is to write customized professional business plans at an affordable price. Professional SBA Business Plans are
The Process Of Writing A Professional Business Plans
being required for SBA bank loans, investors, grants, venture capitalists, and even leasing office spaces.
Wise Business Plans is dedicated to making the most of your business planning needs. We specialize in professional business plans written by accomplished professional business plan writers.
Our clients no longer have to worry about the complexities of becoming professional business plan writers. Our MBA-qualified business plan writers take an entrepreneur’s ideas and goals and put them into a tangible format that banking institutions require.
In addition to researching your target customer, when you're first starting a business, you'll need to build the foundation for a strong brand identity. Your brand identity is about your values, how you communicate concepts, and which emotions you want your customers to feel when they interact with your business. Having a consistent brand identity to promote your business will make you look more professional and help you attract new customers.
From the day you start building your business until the point where you can make a consistent profit, you need to finance your operation and growth with start-up capital. Some founders can finance their business entirely on their own dime or through friends and family, which is called "bootstrapping."
Next, you'll have your company description. Here's where you have the chance to give a summary of what your company does, your mission statement, business structure and business owner details, location details, the marketplace needs that your business is trying to meet, and how your products or services actually meet those needs.
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3. Build your online presence.
Before you start whipping up a business plan, think carefully about what makes your business unique first. If you're planning to start a new athletic clothing business, for example, then you'll need to differentiate yourself from the numerous other athletic clothing brands out there.
If you have a really rock-solid plan for how you'll spend the money in place, then you might be able to convince a bank, a lender, a community development organization, or a micro-lending institution to grant you a loan.
What makes yours stand out from the others? Are you planning to make clothing for specific sports or athletic activities, like yoga or hiking or tennis? Do you use environmentally friendly material? Does a certain percentage of your proceeds go to charity? Does your brand promote positive body image?
VC financing typically occurs when a company can demonstrate a significant business opportunity to quickly grow the value of the company but requires significant capital to do so.
Starting with a blank PowerPoint slide can be very difficult, especially for those who don’t have a design background. (Here’s a great roundup of tips for creating presentations with PowerPoint.) The business plan templates offered by Microsoft allow you to begin with eye-appealing layouts that can be customized to match your brand.
The user experience sets the LawDepot business plan template apart from the best business plan templates, with simple input fields and a nice preview option that lets you watch the progress.
- U.S. Small Business Administration business plan (free).
- Slideshop Business Pitch template (subscription).
- Slideshop Visionary Pitch template (subscription).
- Rocket Lawyer state-specific templates (free).
- SCORE startup business plan template (free).
- Microsoft business plan templates (free).
- Slideshop Business Strategy presentation template (subscription).
- LawDepot free business plan depot (free).
Do you know what to include in a business plan, especially when it comes to your specific state? If not, don’t worry. Rocket Lawyer has created a standout the best business plan templates, which walks you through the entire process of building a business plan that meets the financing requirements in the state where you are seeking funding.
6. Microsoft business plan templates
Whether you are pitching investors for a funding round, applying for a traditional small business loan, or self-funding, you need a rock-solid business plan to lay out your vision and map out the steps required to create a successful business.
In order to download the business plan created, you will have to sign up for a trial subscription, but that can be cancelled if you don’t plan on using the service.
A business plan also acts as a guide, which you constantly turn to during the early growth stages as well as day-to-day operations.
- Your business concept. Tell everyone what you’re about, why you’re in business and how you’re going to succeed.
- Your products or service. This is your chance to outline what makes your company special. How will you differ from the competition? What pain points do your products/services solve for?
- Your overarching strategy. It’s great to identify what you want to do, but it’s vital to note how you’re going to accomplish it. What key personnel will be involved? What’s your go-to market strategy? Who are you going to target? What actionable goals do you have in mind?
- Financial information. Every business needs funding. Don’t forget to incorporate the all-important dollar amounts.
Now that you have detailed your problem and solution in your business plan, it’s time to turn your focus toward your target market: Who are you selling to?
While milestones look forward, you will also want to take a look back at major accomplishments that you have already had. Investors like to call this “traction.” What this means is that your company has shown some evidence of early success.
But, if you have intellectual property that is proprietary to your business and helps your business defend itself against competitors, you should detail that information here. If you have patents or are in the patent application process, this is the place to highlight those patents. Equally important to discuss is technology licensing—if you are licensing core technology from someone else, you need to disclose that in your business plan and be sure to include details of the financial relationship.
The purpose of your executive summary is to provide an easily digestible overview of your business. To help you develop this section, try to answer the following questions.
Key questions to answer with your executive summary
Write your plan using language that your audience will understand.
Include brief bios that highlight the relevant experiences of each key team member. It’s important here to make the case for why the team is the right team to turn an idea into a reality. Do they have the right industry experience and background? Have members of the team had entrepreneurial successes before?
- What are your business objectives?
- What is your target market and how will you position yourself?
- Who are the key players on your team?
- What are your expectations for growth and how will you achieve it?
- What are your funding requirements?
When you are conceiving a new company or new product or service, you should at least create a basic plan (see our simple business plan template below). This plan should cover the basics of your plan. For instance, it should include the reasons you think the company, product or service will be successful. It should prove that the market is big enough to support your venture. And, it must validate that financially it makes sense. For example, while you might be able to get a million people to pay you $20 for a new computer, if you can’t manufacture the computers for significantly less than $20, the company isn’t viable.
A business plan template is a tool to help you quickly and accurately write a business plan for your existing, startup, or small business. Business plan templates include a number of sections such as an introduction, executive summary, company description and marketing plan, designed to guide you through the process of writing your plan. A simple business plan will help you grow your business, improve your operations and remain focused. Write your business plan today using the following template.
Growthink’s business plan template is the result of 20+ years of research into the business plans that help entrepreneurs and small businesses attract investors, raise investment capital, and build successful companies.
On a similar note, in completing your simple template, you might realize the market size isn’t big enough to support the large, thriving enterprise you’d like to create. Or perhaps market trends are moving away from the problems your company’s products and services solve.
Financial Validation: With regard to financial validation, the planning process gives a strong indication, to both you and outside funding sources, as to whether your venture will be financially successful. Your financial projections, if completed properly (more on this below), allow financing sources to calculate whether you’ll be able to repay your loan or provide an appropriate Return on Investment.
Why do you need a business plan?
A business plan is important in that it serves two core purposes
Would it be helpful to see some completed sample business plans?
Click here to download the pdf version of our simple business plan template.
Download Growthink’s Ultimate Business Plan Template here and complete your business plan and financial model in hours.