Super naive question from a yet-to-be entrepreneur but I was wondering if you used a specific software or Microsoft words will do just fine?
I was also wondering where i could find some examples of business plans (actual ones and not the ones i was given in college lmao)
Also, are there any conventional structures when it comes to business plans or the more blend and straight to the point the better? My classmates used to put a lot of colours and flashy icons. Is it the way to go?
Cheers,
There are conventional business plan structures, but the type of business plan you develop largely depends on your business type and startup strategy. For example, if you’re hiring or partnering with people and need funding, you’ll need a more traditional, detailed business plan that includes goals, operations, financial projections, and so on. My clients and I have used templates available from Microsoft, BPlans, and SBA.
But if you’re planning to start more as a solopreneur and add people as you grow, forget the colors and flashy icons and develop a short, 1-page business plan. It will save time, be a more useful tool, and force you to be very targeted and focused. You can Google 1-page business plans and use what you like.
Hope this helps.