If you're looking for information to help you choose the one that's right for you, use the questionnaire below to have our sister site, Buyer Zone, provide you with information from a variety of vendors for free: The Balance's business plan template is broken down into sections that will aid you in completing the best possible business plan, whether you are creating it for funding or strategy.
According to the website, each section can be copied into Word, Excel or a similar word-processing app by simply copying and pasting the text.
"Downloadable business plans may have dated market prices, making the budget inaccurate.
If you're looking to get money from investors, you need a customized business plan with zero errors." Janil Jean, head of overseas operations at said that free templates offer limited customization (such as company name, some text, etc.) and are used by a ton of people, so chances are, if you are using that to secure funds, investors might be tired of seeing the same business plan format.
The template starts with an executive summary and then guides you through the other elements, including the financial plan, company overview and more.
There's also a step-by-step guide for writing a business plan, and Bplans provides a library of sample business plans to ensure you're on the right track.
Plan Buildr offers a step-by-step guide to help you complete each section of its business plan template – something that is especially helpful for those who have never written a business plan before.
It takes less than 10 minutes to complete, it automatically calculates financials for you, plus you can choose from 10 professional designs.
The website also breaks down each section and provides instructions on how to download and fill in the template.
Bplans' investor-approved business plan template has been used by Princeton University and Babson College to teach entrepreneurs how to start a business.