one of the reasons that so many small businesses fail is that they don’t do the necessary up front work to create an accurate and realistic business plan. instead, our goal is to make the process easier by providing a professionally designed business plan template that you can edit easily using word and excel. it was created for newer versions of word and excel (office 2007 or later) so that you can easily change the fonts and color scheme and the file will be compatible with the mobile and web-based word & excel apps. so, we have provided a companion excel workbook with these sample financial statements and other tables and graphs that you can copy and paste into your word document.
the companion workbook combines many of the different spreadsheets you can find on vertex42.com, but customized specifically for inclusion in a business plan. if you want to add a new section so that the table of contents updates correctly, just add a new heading in the body of the document and assign it the heading 1 or heading 2 style. this will typically paste the data as a formatted and editable table in word, though none of the formulas will be functional within word (and the table will not be linked to excel). if you don’t want the table to be editable in word, you can “paste as a picture” using paste special or by choosing the “picture” option when you right-click in word to paste the table. if you want to insert a table into word as a “linked object” so that when you edit excel, the table in word will update automatically, you may have a more difficult time preserving the formatting of the original.
the plan also offers built-in formulas to complete calculations for sales forecasting, financial statements, and key business ratios. to check the feasibility of your business concept, use this single-page business plan template. use this business plan checklist to develop and organize your strategic plan.
this template gives you room to list line items for both funding and expenses; you can automatically calculate totals using the built-in formulas. this template also comes with built-in formulas, so you can calculate totals as you enter values and customize your statement to fit the needs of your business. this template enables you to analyze the competitive landscape and industry for your business. for additional free templates for all aspects of your business, visit “free business templates for organizations of all sizes.” empower your people to go above and beyond with a flexible platform designed to match the needs of your team — and adapt as those needs change.
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