Many of the business plan samples are provided by Palo Alto Software, the Makers of Business Plan Pro.
Individuals working with their local SBDC, may receive a discount code for business plan software from participating SBDCs.
What both have in common is that banks, venture capitalists, and others who have an interest in financing business endeavors are concerned about the potential for default that can happen when a poorly planned business fails.
More important than the question of “What is a business plan?
Writing a business plan can seem like a daunting task, especially if you don’t have a background in finance or business.
It gets even more complicated when you realize that there isn’t just one format to follow.Writing a great plan doesn’t necessarily guarantee success, but it does reduce the potential for failure in the long run.A well thought out and researched business plan is the cornerstone to starting and running a business.More important than the actual document itself, however, is the actual process of writing it.Getting your ideas down on paper helps you evaluate your business strategy, check it for weaknesses, and refine your concept until it’s ready for launch.The length and contents of your business plan largely depends on what you need it for.An investor-ready business plan will look different from a business plan that is for internal use only.There are tons of business plan templates online that you can use to speed up the process and make it much easier.Here are some of the reasons you should use a business plan template.Its content and format is determined both by the business’s goals and by the intended audience.Such a plan for a nonprofit group, for example, might discuss the way the organization’s mission fits with stated goals.