It’ll include a competitive analysis of your industry to address competitors strengths and weaknesses. This section includes everything from estimated market size to your target markets and competitive advantage. Market analysis: A well researched business plan should also analyze the market you hope to reach with your business idea.You may consider including a mission statement here. The description section of your executive summary will also cover your management team, business objectives and strategy, and other background information about the brand. Executive summary: This is a one-page summary of your whole plan, typically written after the rest of the plan is completed.Our free business plan template includes seven key elements typically found in the traditional business plan format: If your goal with a business plan is to secure funding, check with your target organizations-typically banks or investors-to see if they have business plan templates you can follow to maximize your chances of success. That said, it may not include the specific details or structure preferred by a potential investor or lender. It’s intended to help new business owners and entrepreneurs consider the full scope of running a business and identify functional areas they may not have considered or where they may need to level up their skills as they grow.

This template is designed to ensure you’re thinking through all of the important facets of starting a new business. Get started What our business plan template includes In the meantime, start building your store with a free 3-day trial of Shopify. You’ll start receiving free tips and resources soon.

Free number plate template printable