Displaying items by tag: template
 
Displaying items by tag: template
Monday, 28 November 2011 07:06

Business plan template: what to choose?

If you are looking for an online template to write a business plan, then you are on the right track and you have so many products to choose from. On average, business plan templates are available for under $100, so you can use them to save dozens of hours of work at little expense. Here are some tips on choosing the right business plan template to buy.

Choose a company and then a template

Begin with experienced reputable companies. Look for a company that helps (financially) entrepreneurs to write successful business plans and has a decent reference list. Pay special attention to companies that has experienced business consultants with hundreds or thousands of clients in the past. Once you have found a company that meets these criteria, choose a template that is closest to your business. Do not worry if it is a little different. It will still serve you as a standard to adapt which is much more informative than a general template and is especially helpful if you write a business plan from scratch.

How to look for the right template

Look for a template that includes a financial model built with Excel, to be able to create and modify the financial statements easily. Also give priority to templates that include instructions or guidelines for their use. If something is not clear, ask the creators of the template to give you instructions on how to use it. Working with a template can be extremely difficult, if instructions are not available.
Published in Research