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Entrepreneurship Business Plan Examples
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The 7 Best Business Plan Examples To Inspire Your Own
Any aspiring entrepreneur who is researching how to start a business is advised to write a business plan. But several resources offer business plan templates and similar examples that can really help you write one of your own.
That’s why we’ve taken real and hypothetical examples of product-based e-commerce businesses to show you how to write your business plan.
Below are real-life and hypothetical examples of each of these sections to illustrate how a business plan might come about.
Your executive summary is a high-level overview page of the rest of your business plan. It’s easiest to save this section for last.
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In our business plan template for Paw Print Post, the summary consists of four paragraphs and takes up a little more than half a page:
You can reuse your business description elsewhere, e.g. on your about page, social media profile, or other properties that require a description of your business.
A soap brand’s About page, ORRIS, can easily be converted into a company description section of their business plan.
You can also expand your company overview and include the following sections, as you did for the Paw Print Post:
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Your mission statement will also appear here. Passionfruit shares a mission statement on their company website, and it also works well in their sample business plan.
Market analysis consists of studying supply and demand, target market, industry trends and competitive landscape. You can do a SWOT analysis and incorporate it into your business plan. Here is an example of a SWOT analysis we did for an online dress shop:
You should also conduct a competitive analysis as part of the market research component of your business plan. It tells you who you’re dealing with and gives you ideas on how to differentiate your brand. Your competitive analysis can be as follows:
This section of your business plan describes your proposition – what products and services will you sell to your customers? Here’s what we wrote for the Paw Print Post:
Course Title: Entrepreneurship 1: Convert Your
It’s always a good idea to develop a marketing plan before starting a business. Your marketing plan outlines how you will spread the word about your business and is an important part of your business plan.
For Paw Print Post, we focused on the four Ps: Price, Product, Promotion and Location. However, you can approach your marketing plan differently. Maybe you can branch out from your current marketing strategy or break it up across different marketing channels. Whatever approach you take, your marketing plan should outline how you will promote your business and offerings to potential customers. It’s good to have a high level here.
A financial plan provides a breakdown of sales, revenue, profit, expenses, and other financial metrics related to the financing and performance of your business.
You can use this financial plan template to create your own income statement, balance sheet, and cash flow statement.
Business Plan Financial Template
A one-page business plan should be of a high standard and should be clear at a glance. You should include all sections, but make sure they are shortened and summarized:
An initial business plan for a new company. Typically, these plans are developed and shared to secure external funding. Therefore, more attention is paid to finance, as well as other departments that determine the feasibility of your business idea – for example, market research.
Your internal business plan is designed to align your team with a common goal.
A strategic or growth-oriented business plan is the big picture, the long-term vision of your business. As such, forecasts tend to be forward-looking, and growth and revenue targets may be higher. Basically, you want to use all the sections you would use in a regular business plan and build on each one.
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Your feasibility business plan is a type of preliminary business plan – often simply called a feasibility study. This plan basically lays the foundation and confirms that it is worth creating a complete business plan for your idea. Thus, it is primarily focused on research.
Creating a business plan serves as a roadmap to use as you start your e-commerce business and reach each of your growth goals. Business plans create accountability for entrepreneurs and synergy between teams, regardless of your business model.
Start your e-commerce business and set yourself on the path to success with a targeted business plan — and use the business plan examples above to chart your way.
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What Constitutes An Effective Business Plan By Mase Mas
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Try it 3 days free, no credit card required. By entering your email address, you agree to receive marketing emails. Business courses cover a wide range of topics for students. You’ll learn the basics of building and maintaining your brand from scratch. A business plan is the first step in the process of pitching your brand to potential investors.
Now every business plan follows a certain structure and has certain elements. A quick Google search will give you ready-made business plan layouts and examples to choose from. Read on to learn more about formatting business plans for your next assignment.
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The structure of a business plan will vary depending on your industry and the scale of your brand. Students must learn to express their ideas in clear and interesting ways. For that, you need to analyze the market and customer base.
Here is a list of some common business plan templates that you can get for college projects. These layouts are generic and easy to customize.
The traditional business plan was for corporate businesses that used handwritten reports, research studies, and so on. These reports are paper-based and follow a conventional structure.
It generally starts with a list of opportunities, risks and budget. I recommend that students begin this plan with a brief summary of their target market. Talk about the brand, the products/services they offer and your key promotional strategies.
Key Elements Of An Effective Business Plan
A standard business plan is very similar to a traditional plan. The only difference between the two is the medium used to design the plan. While traditional layouts are paper-based, standard plans can be developed digitally.
Several business plan templates suitable for Microsoft Word, Excel or Adobe Reader are available online. Students can download a layout of their choice, add content, and create a detailed business plan.
Lean business plans are a compact, watered-down version of a standard business plan. Some parts of the plan are intentionally left out here. This is done to keep the plan secret and protect it from theft.
Lean plans are also great for summarizing the main points of your business. You can send it to multiple customers who can then contact the company for more information. Start the plan with a brief introduction, followed by an overview of your brand, its current status and potential growth rate.
Free Startup Business Plan Templates
One page business plans are short, compact and easy to understand. Here, students have to fit all the elements of the average plan on one page. So you can’t talk much about the brand or the market.
Identify the key areas to work on and list your resources, capital investments, risks and growth potential in bullet points. You can also divide the page into separate sections and subsections. It is also a good idea to present this information in tabular form.
As the name suggests, the annual business plan is calculated for one year. In this plan, students are required to outline a brand marketing strategy for a specific financial year. Make sure you clearly state the company’s timelines and annual goals on the cover sheet.
All plans should be limited to a specific year only. You can devote one section to market background and another to talk about future prospects. But advertising campaigns and advertising decisions should be relevant for the year.
Free Business Plan Template With Examples For Small Businesses (2023)
Startups require a completely different approach than an established company. Students should understand the subtle differences between the two and edit business plans. Make the plan small, doable, and easy to implement
In addition, with startups, you have the flexibility to easily adopt new technologies and resources. Students can include surveys, customer research, graphs, and charts to make these changes.
Installation plans, unlike others on the list, are more action-oriented. Students must work hard
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