The resulting document can serve as the blueprint for your business and be supplied to financial institutions or investors if debt or equity financing is needed to get your business off the ground.
Pros of using a business plan template: A good business plan template can help you get your thoughts organized.
Product or Service Offerings This section describes the legal structure, ownership, and (if applicable) the management, and staffing requirements of your business.
See How to Write The Management Plan Section of the Business Plan before addressing this section.
However, for a small business, it's best to keep the plan short and concise, especially if you intend to submit it to bankers or investors.
Capping your plan at 30 pages should be sufficient unless you need to include photos of products, equipment, logos, business premises or site plans, etc.
For a detailed description of each section of the plan, you'll want to refer to the Guide to Writing a Business Plan Step By Step.
Once you complete your simple business plan be sure to format it attractively, print it and get it professionally bound.
See How to Write the Executive Summary of the Business Plan to get you started.
In this section, you need to demonstrate that you have thoroughly analyzed the target market and that there is enough demand for your product or service to make your business viable.