Many people will argue the pros and cons of taking the time to write a comprehensive business plan for your new startup. Some will say you have to have all the “i’s” dotted and all the “t’s” crossed, and others will tell you to get started and figure it out as you go. When I started Roundpeg, I actually wrote a complete plan, and have updated it almost every year. It has been helpful to take time to review where we are, how we got here, and what we need to do to get to our next step. I have also found that much of the text was useful as I worked on web copy, job descriptions and other company documents.
Whether you subscribe to the full plan or quick summary method, there are a few basics you should think through. These free tools should be helpful:
- Business Plan Blank Outline
- 5-Year Forecast
- Cash Flow
- Expense Budget
- Income statement
- Income Statement – Two year comparison
- Income statement – With COGs
- Marketing budget annual
- Marketing budget monthly
As an Indianapolis business plan development firm, we offer a variety of services to small business owners including writing and reviewing business plans. Also, if you are interested in other marketing tips and tools, be sure to subscribe to our blog and our email updates to stay informed.