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So, we have provided a companion Excel workbook with these sample financial statements and other tables and graphs that you can copy and paste into your Word document.The companion workbook combines many of the different spreadsheets you can find on Vertex42.com, but customized specifically for inclusion in a business plan.
Our business plan template is an interactive form designed to simplify the process of creating your business plan.
The template asks a number of detailed questions about your proposed business, so it’s worthwhile to carry out research before you complete it. Outline your business goals Provide details of how you are going to develop your business, when you are going to do it, who will be involved and how you will manage the finances.
Amidst that rush, the idea of writing a business plan—much less following a business plan template—often feels time-consuming and intimidating. It’s more than the old cliche, “A failure to plan is a plan to fail.” In fact, a wealth of data now exists on the difference a written business plan makes.
Even better—if you’re pressed for time—we’ve compiled the 10 steps and examples into a downloadable (PDF) template: But, first things first …
Clarity on these issues is essential for securing finance or investment. Research your markets and competitors Demonstrate that you're fully aware of the marketplace that you're planning to operate in. You should prove that your business will be able to attract customers despite potential competition. Provide realistic financial forecasts Show financial projections that support what you have said about your business. The first 12 months' forecasts should have the most detail. Plan your executive summary The executive summary outlines the key points of your entire business plan.
It is usually the first section that people will read.It isn't our goal to try to tell you everything you need to know about creating a business plan.Instead, our goal is to make the process easier by providing a professionally designed business plan template that you can edit easily using Word and Excel.A business plan is a written document that outlines your business objectives and how you plan to achieve them.It has many functions, from securing external funding to measuring success within your business.If you don't want the table to be editable in Word, you can "Paste as a Picture" using Paste Special or by choosing the "Picture" option when you right-click in Word to paste the table.Important: When you paste a chart object into your business plan, make sure to "Paste as a Picture" because pasting the chart as an embedded object means that the entire spreadsheet becomes embedded in your Word document (even though what you see is only the chart).It may initially seem like a lot of work; however a well prepared business plan can save you time and money in the long run.There are no rules about what your plan should cover or the level of detail.If you want to insert a table into Word as a "Linked Object" so that when you edit Excel, the table in Word will update automatically, you may have a more difficult time preserving the formatting of the original.However, at the least the entire spreadsheet won't be embedded within your business plan Word document.