Survey says that almost thirty percent of small businesses fall down on the first two years. An effective business plan template is the key for the success of the business. Making a business plan encourages you to be involved in every details of your business. It minimizes making poor decisions and missing out some important points. Some says that it is a waste of time. However, doing things without planning it ahead is a good recipe for failure.

If you do not know how to write a business plan, then just search the Internet. There are many websites in the Internet that can assist you how to start making a business plan template. Business plan template has two major parts: narrative and financial worksheets. The first part is the narrative one. It is consist of the details and strategies of your company. The narrative part is divided into various sections. Create your business plan on an organized and systematic way to avoid missing out important points. The financial worksheet is mainly concern of the budget to make the business plan work.

There are websites than can help you how to write a business plan. This makes planning a lot more easy. Each business plan is unique, but there is a standard set of elements and presentation order upon which you can create a template.

Each business plan should include a summary, the products and services offered, the goal of the company, description of target customers, benchmarking of competitors, industry and regulatory effective business and projected financial data.

The executive summary should cover a one page designed that is interesting enough to make the readers read the rest of the data. It should also consist the usual problems that a customer claims and the solution of the company for that problem. In the operating plans, you will describe how the company will work and how the product is made. It will be more interesting if you will include pictures and diagram. In the target market section, it describes the customers’ base on the demographic data, purchasing habits, motivations and other data you feel that are important. In the benchmarking section, it includes the descriptions of each major competitors.

You can supply graphs and graphics that can be filled with business data. This should include the financial forms and the risk analysis table. The risk analysis table includes the rows for each type of business or financial risk that the company faces, columns for risk type, risk level and mitigation strategy.