Why you should start with a business plan template

Writing a business plan can seem like a big task especially if you’re starting a business for the first time and don’t have a financial background. Even if you do have some experience getting a refresher on what a modern business plan looks like is always a good idea.

After all business plans have changed over the years and what lenders and investors expect now is different than it was even just 10 years ago

A good business plan template can help you get your thoughts organized. It can provide a guideline so that you’re not stuck looking at a blank page trying to figure out where to start. Plus it can show you the general layout of a standard business plan.

While there are benefits to using a business plan template depending on your situation it may not be the absolute best way to complete your plan. There is still going to be a lot of work involved—for instance not only do you have to complete the financial spreadsheets but you have to do all the math yourself

A great business plan template will also provide instructions for each step of your plan and show you what an investor-ready and SBA-approved business plan should look like.