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Business Plan Template with Instructions




Table of Contents


Business Plan Template with Instructions 1

The instructions for the business plan template are in purple and green, type into the space below the instructions in black. After you have completed a section, delete the colored instructions, making sure to leave the headings (if you delete a heading by mistake use the undo arrow to get it back before moving on). 3

It is a good idea to make a copy of this business plan template with its instructions, and a copy of your final business plan for submission to Community Futures, keeping the original for you. (never give your original a way, you need a copy of your BP and cashflow for future reference) 3

To update the page numbers in the Table of Contents, click anywhere on the table, right click, select update field and then update page numbers only and the numbers will be revised. 3

Introduction 3

Goals 3

Management 4

Description of Product or Service 4

Market Research & Analysis 5

Summary of Market Research 5

Industry Overview 5

Market Survey Summary 5

Market Support Summary 6

Competitive Analysis 6

Target Market & Demographics 7

Market Area 8

Sales Method 8

Placement & Distribution 9

Marketing & Promotional Plan 9

12-Month Marketing & Promotional Strategy 10

Business Operations 11

Location 11

Equipment 11

Office & Communication Requirements 11

Production Process/Capabilities 12

Suppliers 13

Staffing 13

Guarantees/Warranties 13

Green Plan 14

Laws & Insurance 14

There are a number of rules and regulations regarding business ventures. Find out which one will be applicable to your business by contacting the appropriate municipal, provincial and federal agencies. Your industry may also be regulated by a professional association or trade association. If so, you will need to provide evidence that you have the proper training and certifications required to establish your business. If you belong to a professional or trade association, you may be required to attend professional development conferences or seminars so make sure that these costs have been included in your Cash Flow. Ensure that you have a solid understanding of the legal/insurance requirements in your chosen field. Your business plan needs to cover all of the pertinent details in terms of legal set up so make sure that you detail your investigation into each legal requirement even if you find out it is not applicable for your business. 14

The workbook from the Laws and Insurance workshop is useful for completing this part of your business plan. 14

Form of Organization 14

Provincial Name Search & Declaration 15

Goods and Services Tax (GST) 15

Provincial Sales Tax (PST) 16

Worksafe BC 16

Insurances 16

Municipal Licenses 17

Other Legal Requirements 17

Financial Plan 18

Cost Analysis 18

Pricing Method 18

Projected Cash Flow Budget 19

Cash Flow Budget Assumptions 20

Projected Income Statement(s) 20

Break-Even Analysis 22

Projected Household Budget 23

Equity Statement 24

Personal Investment List 24

Risk Assessment 24

Succession Plan/Exit Strategy 25



The instructions for the business plan template are in purple and green, type into the space below the instructions in black. After you have completed a section, delete the colored instructions, making sure to leave the headings (if you delete a heading by mistake use the undo arrow to get it back before moving on).

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