Still, a business plan is still a fantastic exercise to: TLDR; don't make one unless someone asks you for it.
Let's revisit the typical structure of a business plan:1- Cover Page and Table of Contents Not a lot to add here.
Once you’re done with this introductory page, feel free to delete it.
The same goes for the guidance notes and prompts we’ve included in italics throughout the template.
We’ve designed the template to be as stress-free as possible, even if you haven’t used Microsoft Word much before.
For instance, if you delete a section, the numbering of all the remaining sections will update on their own.Just highlight a line that has the formatting you’d like to copy, click on the paintbrush on the top left of the home page, then click on your new text.Hey presto – it’ll look just like the section you’ve copied.2- Executive Summary The Executive Summary is usually a one-page summary of the contents of the business plan; as I mentioned above, some business plans only consist of this section.3- Mission and Vision Statement A mission statement summarizes a company's purpose in one or two paragraphs: why it exists.It's usually made up of a general description of the organization, its function, and its objectives.For a new business, a business plan helps improve your chance of securing financing and investment.Established businesses should review their business plan and update it regularly in order to provide direction for growth. Strategies: What are the three or four key strategies you need to work on over the next twelve months?The one page action plan allows you to prepare a summarised overview of the current situation, and assists you to implement the right solutions at the right time to achieve your vision/targets. These can be drawn from your SWOT analysis that you have done earlier.It's also a practical way to record the outcomes of the planning process. Action plans: In this section, list what is to be done. There's no need to put every step into the action plan. These actions can be drawn from the outcomes of your Force Field you completed on your key issues/strategy.The traditional one you'll come across on the web is a text document, probably 20 to 40 pages long.Typical elements are an executive summary, business description, SWOT analysis, competitor analysis, market analysis and go-to-market strategy and finally a financial summary.