Business Plan Insert Formulas For Free

A business plan is an executive document that acts as a blueprint or roadmap for a business. It is quite necessary for new ventures seeking capital, expansion activities, or projects requiring additional capital. It is also important to remind the management, employees, and partners of what they represent.

9 Business formulas you need to know Net Income = Revenue ? Expenses. Assets = Liabilities + Equity. Equity = Assets ? Liabilities. COGS = Beginning Inventory + Purchases During the Period ? Ending Inventory. Break-even Point = Fixed Costs / (Sales Price Per Unit ? Variable Costs Per Unit)

Seven sections to include in your business plan Executive summary. The executive summary is a condensed version of your full business plan. ... Company description. Explain the different elements of your business. ... Market analysis. ... Organization and management. ... Service or product line. ... Marketing and sales. ... Contingency plan.

But most plans will include the following main sections: Executive summary. This is your five-minute elevator pitch. ... Business description and structure. This is where you explain why you're in business and what you're selling. ... Market research and strategies. ... Management and personnel. ... Financial documents.

Ing to Investopida.com and Nerd Wallet, most business plan templates include seven elements: an executive summary, company description, products and services, market analysis, marketing strategy, financials, and budget.

The 3 most important purposes of a business plan are 1) to create an effective strategy for growth, 2) to determine your future financial needs, and 3) to attract investors (including angel investors and VC funding) and lenders.

Overall, business plans should use simple and standard formatting. Twelve point font size in a standard font like Arial or Times New Roman is best, as well as the standard margin size of one inch on each side. Pages should be numbered, and the name of the company should appear on each page in the header or footer.