Quick Business Plan Template
Friday, August 17th, 2018
Whether you’re a first time start up or an established business looking to branch out, defining and presenting your initial business proposition is an integral first step.
Business Plans are a strategic management tool that aid in effectively establishing a clear idea of what it is you want to achieve, as well as identifying any problems, opening the channels for additional advice and providing a formal document for banks, lawyers and the like.
Compiling a comprehensive Business Plan means incorporating many different factors and considerations, bringing them together in an easy to understand yet structured document. The Business Model Canvas by the team at Strategyzer seeks to aid in simplifying this process, providing a systematic way to map out your entire business strategy from start to finish.
The Business Model Canvas
This free Business Plan Template can be downloaded or used digitally or printed out. Essentially it is a large page divided into squares, each one containing one of the following aspects of the traditional Business Plan.
- Customer Segments. Identifies who your customer base is – the target market. This can refer to paying customers or casual users depending on your business.
- Value Propositions. Covers what you will offer these customers – what do they stand to gain from your business? Essentially, the product or service you are planning to offer.
- Channels. How the service or product will be conveyed to the customer. This could be through physical retail outlets, online stores or subscriptions etc.
- Customer Relationships. Outlines the type of relationship you’re establishing with your customers.
- Revenue Streams. Identifies the way you expect to profit from the business. This covers not only the means of revenue but also forecasted results.
- Key Resources. Identifies what you will need to make this business plan happen. From production and development through to marketing and distribution, this should be a comprehensive list of what you will need to get the project off the ground.
- Key Activities. The things you will need to do in order for your business to perform well.
- Key Partnerships. You won’t own all the resources yourself, so it’s important to identify the partnerships you will need to build to get all the necessary components together.
- Cost Structure. A summary of costs that are contained in the business structure.
Following a Business Plan template aids in creating a clear and logical understanding of your proposed business model, while bringing to light any oversights or potential issues. Remember your business plan is not set in stone, plan to regularly review and update if necessary.
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