These sample business plan sections will not be tailor created for you, but they will greatly aid you in writing your own business plan. The samples below will give you a good idea of how a business plan section should look, how it should read, and the level of detail to provide. They make a great cost-effective alternative to having a custom business plan specially prepared and provide an excellent framework for writing your own business plan. Find the one that most closely matches your business and you should pretty easily be able to modify the information to match your business details.
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What to Look For in Business Plan Samples
Choosing a service to write your business plan can be a difficult process. One of the most difficult tasks to comparing the business plan samples that you have been provided. Fortunately, if you know what key factors to look for, making this comparison doesn’t have to be so difficult. Some people get so caught up in the details, that they miss major flaws within the samples that they are reviewing. This could either waste a lot of time, because you could have eliminated a sample instead of reading and analyzing the details within it, or could even lead to making a poor choice.
Choosing a service to write your business plan is an incredibly important decision. You get 10 business plan samples to review, but how do you compare them? This is the portion of the process that tends to get confusing. However, if you start with the easiest indicators of quality and move into more subtle indicators, the entire process can be greatly simplified. Here is a look at some of the indicators that you should keep in mind.
1. Does It Have All of the Necessary Elements?
This seems like an obvious factor to look at, but many people skip it because they assume that the sample will have everything (Executive Summary, Market Analysis, Financial Plan, etc). One problem that can arise is that the sample is not an entire business plan, but rather a portion of one. If this happens, how would you be able to determine their level of competence regarding the project as a whole? Some companies will only give out partial samples as their standard practice, and this not a reason to exclude them from your consideration. Instead, contact them and ask them for a complete sample. If they refuse, then you might want to consider striking them from your list of potential candidates. A majority of business plan writing services will happily send you a full business plan sample to review.
2. Do the Business Plan Samples Relate to Your Industry?
Every industry is different and the same is true for their business plans. It is important to get a sample that is related to your industry. It is unrealistic to expect to receive a sample that is specific to your sub-industry, however sometimes you will get lucky. The reason that you need to see work that they have done within your industry is that because it shows that they understand enough about your industry to complete a competent market analysis and strategy/implementation summary.
3. Are the Numbers Real?
Many business plan samples will use fictional numbers. If the service you are considering will be doing you market research and analysis for you, it is important that they demonstrate that they will be able to do this effectively. The best way for them to demonstrate this is to see an example of their previous work.
There are a lot factors that you can take into consideration when comparing business plan samples, however before you dive too far into the details, you should first check to see if the sample has all of the necessary elements, is the sample related to your industry, and if the numbers are real. By doing this, you may be able to eliminate several of the samples before ever having to read them.