Features of a Free Business Plan Template

Writing down a business plan is of equal significance for a start up and for an established business. A business cannot run successfully until the goals and destinations are not planned properly and for the start up a well planning may help in its smooth commencement. Writing down the plans and programs in a well knit manner cannot be an easy task for every business person. Since no two businesses can be the same, a free business plan template is formatted in such a way that it covers the basic aspects of a business plan which helps in the betterment and the proliferation of a business. A free template just acts as a model to help in constructing a business plan and this template must not be treated as a comprehensive document.

The template starts with the business summary that gives an overview of the business and the main ideas of the business plan are highlighted. All the business details, its background and development, location, financial condition, its challenges, growth and weakness, management and administration, market all must be specified in the overview section.

It must include the table of contents mentioning the topic headings and the page numbers.

Next section of the template must deal with the business outlook where the start up information and the experiences related to the business must be mentioned. The future goals to be achieved along with the trend and demand of the market, facing the competitors and the economic impact of the business regionally are clearly specified in the standard template.

The detailed information of the products and its common usage, unique features, cost and the expected demand in future, production ad marketing are featured in the business plan template.

Other features like market examination, mode of operations, names of key persons behind the business are also listed in the template.

The free template does include the section of problem areas and its solutions. Finally the appendices deals with the photographs of the products, copyright documents, job descriptions, legal agreements and other secondary information relevant to the business.

MLM Success – Working The Free Business Plan

Free business advertising plan should be the main priority of new network marketing business builders. In the beginning you will need as much confidence as possible in MLM business so spending money on recruiting and advertising should not be encouraged.

There are many ways to generate free leads for your business. I’ll mention this again, helping people around you is the best way to achieve this. You don’t have to sell anything to your friends and family but make them aware of the new business you are involved and ask if they know anyone that might be interested in what you are marketing.

Getting referals from someone that you know or sold to is one of the best way to get free leads. Imagine you ask 5 people for 5 leads every single day. There’ll come a time you will not be able to handle the number of leads, because they’ll be too much for you to handle.

In my organisation, everyone that join are encouraged to work their free advertising and retail plan, at least to the minimum of their effort. You will not be allowed to continue with more expensive option till you have done the free advertising business plan. There are so many ways of doing this. One of the ways of working your free business plan is to do a grand opening for your business by inviting your friends and families to come and help you celebrate the start of your home based business. Many of them will be curious, you will have a chance to speak about your products and the opportunity.

Another fantastic way is to do survey by asking people to help you with a new range of products that you need a feedback on. People like to help, especially when they know that testing your products will cost them nothing. The aim of the survey is to get interested people to test your products, like it and give referals, it is never to sell your products to them. Do it this way and you will never run out of free business leads.

There is absolutely nothing wrong with spending money on recruting and retailing advertising but you want to make, keep and invest as much money as possible in your MLM business. In my MLM business (and in majority), it cost an average of $250 to get a new distributor signed up and $40 to get a new customer.

The more free advertising plan you do, the more money you will keep and re-invest in your business. Nothing comes easy and believe me MLM is one of the top ten things that are advertised online, so majority of the leads are getting colder. If you want a hot responsive lead, many of them are still offline. Use free/cheap advertising plan to bring them on board. Good luck.

Aliyu Odumosu

Free Business Plan Outline

As I have stated in a previous blog, my opinion is that the owner of any business, along with the employees, should develop an annual business plan. Another one of my blogs explains that in most cases, if you are applying for a loan, you will need to present a business plan to the banker.

Completing a business plan can seem overwhelming. I have many clients who tell me the operations of the business are in their head and yet cannot develop a logical, cohesive formula to put on paper. More often than not, unless you purchase a business plan template, you are going to be overwhelmed by the sources of business plan outlines on the web. All of them are good because like every business, each business plan is unique. There is no right or wrong way to do a business plan. There is no “standard” length of a business plan. But all plans should contain the same basic information.

Here is an outline that I find most useful and one that I hope can help you. Please understand that it can be used for about any business in any industry. However, you should tailor it to your needs. For instance, if you are a start up, the plan does not need a section for Age, Size, and Past Performance. Here are some useful hints:

  • Include a Table of Contents.
  • Number the pages.
  • Write for your audience. If the plan is going to a loan officer assume the person knows nothing about your industry. Do not use technical language or if you must, explain it. Do not use industry acronyms unless they are spelled out the first time you use them in the plan.
  • In the Executive Summary the plan should state what the purpose of the plan is. Is it for a SBA loan, is it to be presented to investors, or is it an annual plan for the team?

I. EXECUTIVE SUMMARY

A. What the organization is and does
B. Who will purchase the product or service
C. Why am I uniquely qualified and skilled in managing the business
D. What are the financial results expected
E. How much capital is required, what will it be used for, and the sources of capital
F. Assessment of risks

II. BUSINESS CONCEPT

A. Describe the unique qualities and value to customer of product or service provided
B. Age, size and past performance of business
C. Vision, along with short and long-term objectives with milestones

III. PRODUCTS AND SERVICES

A. Description
B. Product life cycle
C. Intellectual property
D. R & D activities

IV. MARKET ANALYSIS

A. Industry Analysis
1. Future outlook and trends
2. Current business conditions – national, regional, specific market
B. Identify target market
C. Analysis of competitors
D. Market test results
E. Regulatory environment

V. MARKETING PLAN

A. Marketing philosophy/organization
B. Advertising and promotion
C. Product price and sales terms
D. Production capacity
E. Distribution

VI. OPERATIONS

A. Location of business and special facility equipment needs
B. Steps involved in producing product or service
C. Suppliers
D. Costs to produce product or service
E. Personnel requirements
F. Licenses and permits needed

VII. OWNERSHIP, MANAGEMENT AND ORGANIZATIONAL PLAN

A. Organizational structure
B. Key managers, functions and qualifications
C. Legal form of ownership

VIII. FINANCIAL DATA

Include a narrative of Financial Assumptions. How did you come up with the sales numbers, are there any extraordinary expenses, etc.?

A. History, if applicable
B. Income statements (projected)
C. Cash flow forecasts (if you are going to present this to a lender or investor the cash flow forecast is most critical)
D. Balance sheets (pro forma)
E. Breakeven analysis
F. Working capital analysis
G. Source and applications of capital

IX. CRITICAL RISKS

A. Potential problems that could arise and their likelihood
B. Plans to manage problems

X. EXHIBITS

Once again, this is not the “right” outline, but rather, one that I find useful. I hope it helps you.