In this tutorial I give you 20 business planning tips starting with issues like how long a business plan should be, when to give it to investors, how to decide whether you should write one or not, and a few other good practice tips.
After that, I get into the template of the business plan, and explain what each section of this document should contain, how to write it, and how to impress investors or savvy business people. Because after all, what makes a good business plan isn't the outline or the template, but the business strategy and business model that you outline in the document.
The tutorial template outline covers the executive summary, writing your product or service description section, creating your marketing plan and how to think about and write the section of the business plan that discusses your revenue streams, projected (pro forma) revenue and earnings, how to write your unit economics section, and how to write the section of the document that talks about your founding executive team, advisors and mentors. You should also create a section explaining whether there are any previous investors in the business. Plus, you should crate an appendix which contains your sensitive financial information that you may want to show to investors, but not random other people. So you can add and remove the appendix from the business plan whenever you want. Lastly, you should create a financials section. The financials are more complex and intimidating than other sections so I cover that in more detail in my course on how to write a business plan.
So now you have a free template, an easy outline and you should be reading to start writing, creating and doing some fantastic business planning. Good luck, and I hope that this tutorial and the other resources I posted will help you write a very good (or great) business plan to impress investors and whoever else you want to impress. And most importantly, I wish you best of luck growing your company and making it a success.
You can use this tutorial to write a business plan for a restaurant, cleaning business, local service, ecommerce, home repair, gelato or frozen yogurt shop, deli or sandwich shop, t-shirt printing company, elearning company, day spa, hair salon or beauty salon, hardware store or shop, personal trainer, milkshake shop, restaurant or diner, bar or pub, virtual assistant or personal concierge, affiliate, mobile app, bookstore or a kids store or a boutique, non profit, pool hall, liquor store, hookah lounge, or any other kind of business.
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