The purpose of creating the template is not to speed up the process of deriving the final business report but thinking about your business in an intelligent, smart and planning fashion. While going through the various facts and ideas, you gradually get involved in looking at ideas and business models in a more critical way. Though this process may initially appear to be a waste of time, the process of creating the template also has the power to prevent a poor decision that could prove to be a disaster in the long run, if not properly addressed upfront.
Remember that accidents may kill a business. And for humanitarian and practical reasons, businesses are encouraged and even charged by law to create and maintain a work environment that is safe and healthy. These two should be protected for humanitarian reasons because an employer has the moral obligation to keep his workers safe and healthy, and for practical reason because hospitalization and litigation are costly, not to mention its being bad for the business.