Whether you’re applying for a small business loan or setting goals for your growth, a business plan is one of the most important documents you’ll create.
But it can also be incredibly frustrating and nerve-racking to create one yourself. What should go in it? How do you know if you’re including the correct information? Do you need to add charts in there, too?
Wonder no more, because our FREE business plan template not only answers those questions— it removes the learning curve that comes with creating your plan.
Free PDF Download
Want some help creating your best business plan? Download our FREE business plan template here!
“FREE Business Plan Template for Small Business Owners”
Why You Need a Business Plan
Land small business loans.
A business plan can show a bank or credit union how you intend to start and grow your business. The plan can play an essential role in convincing lenders to provide you with a small business loan, so it’s good to have on hand if you’re planning on securing financing.
Get investors to invest in your business.
If you’re planning on financing your business through investors or cash from family and friends, a business plan can provide that extra confidence they might need to say yes. Provide copies of your business plan to potential investors so that they can get a better idea of how their money will be used if they invest in you.
Measure the success of your business.
A business plan can act like a roadmap that you’ll follow toward a successful outcome. It’s easy to start a business and not realize that you’re off-track until it’s too late. A business plan can help you stay on track to achieve the goals you want to hit over the next six months to five years.
Keep yourself accountable.
Whether you’re building the business plan for yourself or to share with others, there’s no denying that a plan can help keep you accountable. For example, if you’re not on track for achieving a specific outcome by a certain timeframe, you can make the necessary adjustments to get yourself back on track.
How to Use Our Business Plan
This business plan template* is designed to give you the guidance you need to create a plan for your business. It’s a great place to get started, but you may need to work with other professionals (like an accountant) to complete your plan.
To use it, just follow the directions in each section. Once you’ve filled in each section, delete our directions so that they don’t show up in your final business plan.
That’s all there is to it!
Once you’ve setup your new business, don’t forget to get a business insurance quote to ensure you’re covered.
Owners of Loyal Supply Co., Ryan and Kim Habbyshaw discuss the importance of having a business plan, while also planning for it to change.
Legal Disclosure: Simply Business, Inc. is not a law firm and does not provide legal advice. This document is intended to be used for informational purposes only and is not substitute for obtaining professional legal advice. We cannot and do not guarantee that it suits your needs. By using this template, you agree that you are responsible for the content of the documents you create and you assume full responsibility for any outcomes associated with using it.
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