There is a generic template that is available for all types of businesses. To make a business plan template, you need to modify the standard template that is suitable for your industry and business. The style of writing, the overall organization and the presentation of the ideas is what makes a good business plan template. Creating a template involves a significant amount of research, re_thinking and planning. Detailed notes regarding the sources of information and the underlying assumptions that support the financial data and information must be kept carefully for quick and easy reference as and when needed. To make a business plan template usually begins with the name and the details of the owners of the plan. This is followed by a table of contents that constitutes an executive summary, a general description of the company, the products and services the company offers, the marketing plan, the operational plan, and the management and
Use of these Templates • It is useful because it gives a direction to the business organization. • It acts like a perfect guideline for achieving individual as well as organizational goals. • Action plan templates are useful for employees and employers both as they can understand what are their responsibilities and what work they are expected to perform. • It is useful as it defines the lines of authority, responsibility, and states who is accountable to whom. Purpose of Using • To clarify the resources, that will be required for attaining the goals. • To set timelines for tasks and setting deadlines. • To allocate various tasks to the employees according to their potential, knowledge and skills. • Helps in optimum consumption of the resources and helps to avoid wastage. • Helps in predicting the risks and threats in advance and to take timely actions and solutions for them. • To find a strategy that works for the business and using it again in future for achieving goals. • To meet the deadlines on time and completion of tasks well before time.