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Larry Kim is the CEO of Mobile Monkey, a chatbot building platform for marketers that enables mobile messaging between businesses and customers via Facebook Messenger.He’s also the founder of Word Stream, the World’s top PPC marketing software company. It's definitely not the most exciting part of starting a business.Who said a business plan has to be a long, complicated document?
A template won't guide you through the process of writing your business plan.
It's just a bunch of blanks for you to fill in, with none of the samples, expert advice, or financial formulas you need to create a plan that gets results.
The $100 Startup, the website for the best-selling book of the same name, has a ton of stripped-down resources for entrepreneurs, including this super simplified business plan template.
This one says you just have to answer a few simple questions and will be "done before you know it! A business plan should take time and a lot of homework, but if you've already done that, Law Depot's template is a decent choice.
Recently, I shared 18 Mistakes That Kill Startups, an infographic created by Mark Vital over at Funders and Founders.
A lot of those mistakes (most of them, in fact) are the result of poor planning.Any funder worth his or her salt wants to see it right off the bat.Moreover though, a solid business plan is a living document that will continue to guide your efforts as your business grows.Bad location, a marginal niche, having no specific user in mind, raising too much or too little money--all of these issues can be prevented or at least mitigated with good planning.Creating your business plan is more than just getting your ideas down on paper for potential funders to see.The SBA's template is available to fill out online and then download as a PDF.You can go back in and edit it as needed, so don't worry about having everything ready the first time you sit down to tackle it.That doesn't mean you have to bust out Word and start the plan from scratch.A template is great--you probably aren't doing anything that hasn't been done before, so it provides a proven structure for your plan. Check out these comprehensive business plan templates you can download for free to get you started: Score is an American nonprofit dedicated to helping entrepreneurs get their companies off the ground.These articles are editorially independent - that means editors and reporters research and write on these products free of any influence of any marketing or sales departments.In other words, no one is telling our reporters or editors what to write or to include any particular positive or negative information about these products or services in the article.