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__variable_bf3fe0 __variable_0f494e"><div class="bg-primary sticky left-0 right-0 top-14 z-10 h-1 origin-left scale-x-0 transform-gpu transition-transform duration-100 ease-linear xl:top-[72px]"></div><section class="font-inter pt-24 md:mb-10 md:pt-40"><div class="container"><div class="flex flex-col"><nav class="flex mb-6 flex justify-start md:mb-2" aria-label="Breadcrumb" role="navigation"><ol class="flex items-center space-x-1 max-xl:flex-wrap"><li class=""><div class="flex items-center gap-4"><a href="/blog/" class="text-base font-medium text-black text-base font-normal font-inter hover:text-primary cursor-pointer transition-all duration-300 ease-in-out">Blog</a><svg width="6" height="10" viewBox="0 0 6 10" fill="none" xmlns="http://www.w3.org/2000/svg" class="mr-2 "><path d="M1 9L5 5L1 1" stroke="#000" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"></path></svg></div></li><li class="ml-[18px]"><div class="flex items-center "><span class="text-base font-medium 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/_next/image/?url=https%3A%2F%2Fsurveysparrow.com%2Fwp-content%2Fuploads%2F2020%2F07%2FKate-100x100.jpg&w=1920&q=75 1920w, /_next/image/?url=https%3A%2F%2Fsurveysparrow.com%2Fwp-content%2Fuploads%2F2020%2F07%2FKate-100x100.jpg&w=2048&q=75 2048w, /_next/image/?url=https%3A%2F%2Fsurveysparrow.com%2Fwp-content%2Fuploads%2F2020%2F07%2FKate-100x100.jpg&w=3840&q=75 3840w" src="/_next/image/?url=https%3A%2F%2Fsurveysparrow.com%2Fwp-content%2Fuploads%2F2020%2F07%2FKate-100x100.jpg&w=3840&q=75"/></div><div class="ml-4 flex flex-col sm:flex-row md:ml-5"><p class="mr-4 text-sm font-medium md:font-normal md:text-zinc-500">Kate Williams</p><p class="mr-4 text-sm text-zinc-500">Last Updated: 30 October 2024</p><p class="text-sm text-zinc-500">13 min read</p></div></div></div><picture><source media="(min-width: 768px)" srcSet="/_next/image/?url=https%3A%2F%2Fsurveysparrow.com%2Fwp-content%2Fuploads%2F2022%2F02%2Fbusiness-plan-examples-scaled.jpg&w=1920&q=75 1x, /_next/image/?url=https%3A%2F%2Fsurveysparrow.com%2Fwp-content%2Fuploads%2F2022%2F02%2Fbusiness-plan-examples-scaled.jpg&w=3840&q=75 2x"/><source srcSet="/_next/image/?url=https%3A%2F%2Fstatic.surveysparrow.com%2Fsite%2Fassets%2Ftemplates%2Fgrey-placeholder-v2.png&w=1920&q=70 1x, /_next/image/?url=https%3A%2F%2Fstatic.surveysparrow.com%2Fsite%2Fassets%2Ftemplates%2Fgrey-placeholder-v2.png&w=3840&q=70 2x"/><img loading="eager" width="1536" height="922" decoding="async" style="color:transparent" src="/_next/image/?url=https%3A%2F%2Fstatic.surveysparrow.com%2Fsite%2Fassets%2Ftemplates%2Fgrey-placeholder-v2.png&w=3840&q=70" placeholder="blur" alt="The 5 Best Business Plan Examples and Templates" title="The 5 Best Business Plan Examples and Templates" class="hidden rounded-xl object-cover md:block xl:mx-auto xl:max-w-6xl"/></picture></div></section><div class="font-inter container flex w-full items-stretch justify-center py-10 max-md:pt-3.5 xl:mx-auto xl:max-w-screen-2xl xl:px-[2.5%] xl:pb-20 xl:pt-12"><div class="relative hidden w-64 xl:block xl:min-w-80 xl:max-w-80"><div class="sticky top-[100px] w-full"><p class="mb-4 ml-1.5 mr-4 mt-9 font-poppins text-base font-semibold uppercase text-zinc-500">Table Of Contents</p><div class="prose prose-a:flex prose-a:border-l prose-a:border-gray-200 prose-a:py-2 prose-a:text-zinc-600 prose-a:no-underline prose-a:transition-all prose-a:duration-300 prose-a:ease-in-out prose-ul:!list-none prose-ul:!ps-1 prose-li:m-0 prose-li:p-0 prose-li:text-sm prose-li:font-normal prose-li:leading-normal prose-li:text-zinc-600 hover:prose-a:!border-zinc-500 hover:prose-a:bg-neutral-100 hover:prose-li:bg-neutral-100 [&>div>ul>.main-item>a>.text]:ml-4 [&>div>ul>.main-item>a]:border-gray-200 [&>div>ul>.main-item]:!bg-white [&>div>ul>li>a>.text]:ml-6 [&>div>ul>li>a>.text]:break-words lg:[&_.active>a]:border-[#63686f] lg:[&_.active]:bg-neutral-100"><div id="blog-foating-menus"> <ul class="nav"> <li class="main-item"> <a href="#id1"> <div class="icon"></div> <div class="text">Contents</div> </a> </li> <li class="sub-item"> <a href="#section1"> <div class="icon"></div> <div class="text">Business plan examples</div> </a> </li> <li class="sub-item"> <a href="#section2"> <div class="icon"></div> <div class="text">What to include?</div> </a> </li> <li class="sub-item"> <a href="#section3"> <div class="icon"></div> <div class="text">How to conduct market research</div> </a> </li> </ul> </div></div></div></div><div class="flex w-full flex-col xl:w-[70%]" id="blog-content"><div id="blog-rich-text-content" class="prose prose-headings:font-medium prose-headings:leading-snug prose-headings:text-zinc-800 prose-h2:mb-5 prose-h2:mt-10 prose-h2:scroll-mt-20 prose-h2:text-4xl prose-h2:!font-semibold prose-h2:!leading-snug prose-h3:mb-3 prose-h3:mt-7 prose-h3:scroll-mt-20 prose-h3:text-3xl prose-h4:mb-1.5 prose-h4:mt-4 prose-h4:text-2xl prose-h6:mb-1.5 prose-h6:text-base prose-p:mb-4 prose-p:text-base prose-p:font-normal prose-p:!leading-loose prose-p:text-black prose-a:text-black prose-a:underline prose-a:decoration-primary prose-a:transition-all prose-a:duration-500 prose-a:ease-in-out prose-blockquote:mb-10 prose-blockquote:mt-20 prose-blockquote:border-none prose-blockquote:pl-4 prose-blockquote:font-medium prose-blockquote:text-zinc-800 prose-figure:!w-full prose-strong:font-medium prose-pre:text-white prose-ul:mb-5 prose-ul:marker:text-lg prose-li:my-0 prose-li:ml-9 prose-li:pb-3.5 prose-li:pt-2 prose-li:text-base prose-li:font-normal prose-li:!leading-loose prose-li:text-black prose-table:mx-auto prose-table:my-8 prose-table:block prose-table:max-w-fit prose-table:overflow-auto prose-table:text-center prose-thead:bg-[#04bf741a] prose-tr:align-middle prose-th:border prose-th:border-slate-300 prose-th:p-4 prose-th:text-center prose-th:align-middle prose-th:text-lg prose-th:font-normal prose-th:leading-tight prose-th:text-black prose-td:border prose-td:border-slate-300 prose-td:p-4 prose-td:align-middle prose-td:text-lg prose-img:max-w-full hover:prose-a:bg-primary hover:prose-a:text-white max-lg:prose-ol:pl-0 max-lg:prose-ul:pl-0 md:prose-h6:text-xl md:prose-p:text-lg md:prose-blockquote:pl-0 md:prose-li:text-lg xl:prose-h2:scroll-mt-24 xl:prose-h3:scroll-mt-24 w-full max-lg:min-w-full sm:px-[3.5%] lg:min-w-full [&>.ss-blog-content-share>div:first-of-type]:rounded [&>.ss-blog-content-share>div:first-of-type]:bg-white [&>.ss-blog-content-share>div:first-of-type]:px-16 [&>.ss-blog-content-share>div:first-of-type]:py-11 [&>.ss-blog-content-share]:my-14 [&>.ss-blog-content-share]:rounded [&>.ss-blog-content-share]:bg-sky-100 [&>.ss-blog-content-share]:p-2 [&>blockquote>p:first-of-type::before]:absolute [&>blockquote>p:first-of-type::before]:-left-2.5 [&>blockquote>p:first-of-type::before]:-top-36 [&>blockquote>p:first-of-type::before]:font-['serif'] [&>blockquote>p:first-of-type::before]:text-[18rem] [&>blockquote>p:first-of-type::before]:not-italic [&>blockquote>p:first-of-type::before]:text-black/5 [&>blockquote>p:first-of-type::before]:content-['“'] [&>blockquote>p:nth-child(1)]:relative [&>blockquote>p]:mb-9 [&>blockquote>p]:text-3xl [&>blockquote>p]:font-normal [&>blockquote>p]:!leading-normal sm:[&>blockquote>p]:text-3xl [&>ol>li>b]:font-medium [&>ol>li]:marker:text-black [&>p>iframe]:mx-auto [&>p>iframe]:max-w-full [&>p>strong]:inline [&>p>strong]:overflow-hidden [&>p>strong]:font-semibold [&>pre>strong]:text-white [&>ul>li>b]:font-medium [&>ul>li]:marker:text-black"><p>Do you need some <strong>business plan examples</strong> to come up with your own?</p><p>Every business needs a plan. If you want to build a thriving company, you need to invest in creating a business strategy. The business world is cruel, cut-throat, and incredibly competitive. You need to find out what you can offer to your customers and how best you can do that- and it requires a strategic business plan.</p><blockquote><p>“Without a plan, even the most brilliant business can get lost. You need to have goals, create milestones and have a strategy in place to set yourself up for success”- Yogi Berra.</p></blockquote><p>In this article, we’ll cover:</p><p><a href="#section1">The best business plan examples and templates</a></p><p><a href="#section2">Basic elements that make a good business plan</a></p><p><a href="#section3">How to do market research for your business plan</a></p><h2 id="section1">The 5 Best Free Business Plan Examples and Templates in 2022</h2><h3>1. The One-pager Plan</h3><p>Here is an example of a simple business plan that will take only one page. A one-page plan will be easier to share with others and have less information for those who don’t have the time to pore through the details. It will be a great thing to giveaway after an elevator pitch.</p><p>It will include the following:</p><ul><li style="font-weight:400" aria-level="1">Business Opportunity: What is the problem that you are solving?</li><li style="font-weight:400" aria-level="1">Team: Who are the different stakeholders involved in the company? Why are they the right person to build the brand?</li><li style="font-weight:400" aria-level="1">Target Market: Which is the area that you are targeting? Who are your ideal customers, buyer personas, and audience segments?</li><li style="font-weight:400" aria-level="1">Implementation timeline: When will the business be up and running? What are the resources that you will employ for that?</li><li style="font-weight:400" aria-level="1">Financial Summary: Where is the funding coming from? How much funding is required?</li></ul><p>The above fields are enough to prepare a quick business plan example.</p><h3><a href="https://www.bplans.com/downloads/business-plan-template/">2. Bplans Business Plan Example</a></h3><p>This one is a bit detailed in nature. Let’s go through it.</p><p><i>Executive Summary</i></p><ol><li style="font-weight:400" aria-level="1">Problem Summary</li><li style="font-weight:400" aria-level="1">Solution Summary</li><li style="font-weight:400" aria-level="1">Market Summary</li><li style="font-weight:400" aria-level="1">Competition</li><li style="font-weight:400" aria-level="1">Overview</li><li style="font-weight:400" aria-level="1">Why Us?</li></ol><p><i>Expectations</i></p><ol><li style="font-weight:400" aria-level="2">Forecast</li><li style="font-weight:400" aria-level="2">Financial Highlights by Year [chart]</li><li style="font-weight:400" aria-level="2">Financing Needed</li></ol><p><i>Opportunity</i></p><ol><li style="font-weight:400" aria-level="1">Problem & Solution</li><li style="font-weight:400" aria-level="1">Target Market</li><li style="font-weight:400" aria-level="1">Competition (Current Alternatives and Our Advantages)</li></ol><p><i>Execution</i></p><ol><li style="font-weight:400" aria-level="1">Marketing & Sales Plan</li><li style="font-weight:400" aria-level="1">Operations (Locations & Facilities, Technology, and Equipment & Tools)</li><li style="font-weight:400" aria-level="1">Milestones & Metrics (Milestones Table and Key Metrics)</li></ol><p><i>Company</i></p><ol><li style="font-weight:400" aria-level="1">Overview</li><li style="font-weight:400" aria-level="1">Team (Management Team and Advisors)</li></ol><p><i>Financial Plan</i></p><ol><li style="font-weight:400" aria-level="1">Forecast (Key Assumptions, Revenue by Month [chart], Expenses by Month [chart], Net Profit (or Loss) by Year [chart])</li><li style="font-weight:400" aria-level="1">Financing (Use of Funds and Sources of Funds)</li><li style="font-weight:400" aria-level="1">Statements (Projected Profit & Loss, Projected Balance Sheet, and Projected Cash Flow Statement)</li></ol><p><i>Appendix</i></p><ol><li style="font-weight:400" aria-level="1">Monthly Financial Forecasts</li><li style="font-weight:400" aria-level="1">Additional Documentation</li></ol><p>Elaborating on each of the above points gives you enough fodder to make someone on the other side understand your business as well as enough firepower to get started on implementing each of the sections.</p><h3><a href="https://offers.hubspot.com/business-plan-template?hubs_post-cta=anchor&hsCtaTracking=e9d2eacb-6b01-423a-bf7a-19d42ba77eaa%7C7db1bdbb-6641-41a9-be99-237a56545181">3. HubSpot’s Business Plan Template</a></h3><p>This is also a comprehensive template that can be used to create a business plan from scratch. Once you have added content to all the fields in this business plan example, you can share it with your investors and stakeholders.</p><h4>Executive Summary</h4><p>You can add a one or two-page overview of the business here. The executive summary should include a mission statement, company history, leadership model, competitive advantage, financial projections, and company goals.</p><h4>Company and Business Description</h4><p>In this section, you can provide a description of your business, describe the products and services you will be offering, talk about your target market, and why your business plan will work. Describe your mission and vision statement, core values, team, and organization structure.</p><h4>Products and Services</h4><p>Talk about your product and service offerings. Mention your pricing structure as well.</p><h4>Market Analysis</h4><p>Share details about the market that you are targeting and talk about the reason behind doing so. Highlight the demographics and psychographics, including the size of your addressable market. Also, talk about your buyer personas and a competitive analysis report.</p><h4>Marketing and Sales Plan</h4><p>You can talk about your positioning strategy, the acquisition channels you plan to use, including the tools and technologies.</p><p>Explain how you intend to get leads. What does your inbound and <a href=" https://www.artisan.co/blog/outbound-sales-software" target="_blank" rel="noopener noreferrer">outbound sales</a> strategy look like? What are the different channels that you will be using?</p><h4>Legal Notes</h4><p>What type of legal structure do you plan to follow? List out the legal considerations that you plan to keep in mind to operate smoothly.</p><h4>Financial Considerations</h4><p>No matter how good a product you have, if you do not possess the funding to run the business, then it will surely go belly up. You should have a solid financial strategy in place.</p><p>You can use the executive summary example business plan link to get a detailed understanding of the business plan.</p><h3><a href="https://www.sba.gov/business-guide/plan-your-business/write-your-business-plan">4. US Small Business Administration (SBA) Business Plan Example</a></h3><p>If you take a look at Andrew’s business plan by using the link, you will find a comprehensive plan for ‘Wooden Grain Toy Company.’ The company manufactures high-quality toys that are made from solid hardwoods. The target audience for the toys are adults who are in a position to buy for the kids.</p><p>The business plan (for which the link has been provided) contains a detailed description of the customers, competitive advantages, the regulations that they are supposed to follow, product lifecycle, pricing structure, and so on. It also talks about how they plan to conduct research and development for the company. The example of a marketing plan that they have in place is also described in the business plan document.</p><h3><a href="https://www.sba.gov/business-guide/plan-your-business/write-your-business-plan">5. US SBA Service Business Plan Example</a></h3><p>In the previous example, we considered a business plan example for a product-based company. Here, we consider a consulting company called ‘We Can Do It Consulting.’ The services include office management and business process reengineering.</p><p>In this business plan example, the service company we are considering aims to provide services to business owners, CEOs, HR directors, product managers, presidents who are looking to increase their productivity and reduce overhead expenses.</p><p>The business plan example also talks about their requirements for the future. It mentions the list of services that they offer, in detail. They mention their pricing structure based on the hourly charges of each of the professionals such as Account Executive, Project Manager, Business Analyst, Process Analyst, and so on.</p><p>It also talks about their efforts in R&D. They plan to create custom technology for manufacturers of vehicles. The service company is also intent on finding trends in software solutions to provide competitive automated services to create a niche for themselves in the industry. This is a good example of a business plan PDF that you can use as a template.</p><div class="my-10"><p class="!font-poppins !mb-6 text-center !text-2xl !font-semibold text-black">Try our business plan template to test the conversational experience!</p><button type="button" aria-haspopup="dialog" aria-expanded="false" aria-controls="radix-:R4smdcvfeikva:" data-state="closed" class="w-full"><div class="relative z-[9] mx-auto flex size-auto w-full max-w-2xl cursor-pointer items-end rounded-2xl border-4 border-neutral-100 bg-white p-2 max-xl:aspect-[7/5] lg:h-[429px] lg:w-[666px]"><div class="absolute bottom-0 left-0 right-0 top-0 m-auto flex flex-col items-center justify-center rounded-xl opacity-0 transition-all duration-300 ease-in-out hover:bg-black/50 hover:opacity-90"><img alt="preview icon" loading="lazy" width="32" height="32" decoding="async" data-nimg="1" class="mb-1" style="color:transparent" src="https://static.surveysparrow.com/site/assets/template-inner-redesign/icon-preview.svg"/><p class="!my-0 !text-base !text-white">Preview Template</p></div><img alt="Try our business plan template to test the conversational experience!" title="Try our business plan template to test the conversational experience!" loading="lazy" width="666" height="429" decoding="async" data-nimg="1" class="!my-0 size-full rounded-lg xl:aspect-[3/2]" style="color:transparent" srcSet="/_next/image/?url=%20https%3A%2F%2Fsurveysparrow.com%2Fwp-content%2Fuploads%2F2021%2F05%2Fbusiness-plan-questionnaire.png%20&w=750&q=75 1x, /_next/image/?url=%20https%3A%2F%2Fsurveysparrow.com%2Fwp-content%2Fuploads%2F2021%2F05%2Fbusiness-plan-questionnaire.png%20&w=1920&q=75 2x" src="/_next/image/?url=%20https%3A%2F%2Fsurveysparrow.com%2Fwp-content%2Fuploads%2F2021%2F05%2Fbusiness-plan-questionnaire.png%20&w=1920&q=75"/></div></button><a href="/signup/?template=138272&from=/blog/business-plan-examples/" class="flex h-14 w-full items-center justify-center rounded-md bg-black !px-9 !text-white sm:w-max md:text-base text-base md:text-xl mx-auto mt-6 !rounded-full font-semibold py-5 px-6 !no-underline transition-all duration-300 hover:!bg-gray-900">Use This Template</a></div><h2 id="section2">What does a good business plan include?</h2><p>There are a number of sections that make up a business plan which covers every single part of the business. The more detailed the business plan, the easier it is for investors to validate their investment decisions and for the entrepreneur to execute their ideas.</p><p>Let us look at each of the sections in a traditional business plan sample.</p><h3>Business Summary</h3><p>This section provides an overview of the business. It usually includes</p><ul><li style="font-weight:400" aria-level="1">Mission and Vision Statement</li><li style="font-weight:400" aria-level="1">About the Company</li><li style="font-weight:400" aria-level="1">Goals of the company</li><li style="font-weight:400" aria-level="1">Company’s differentiators</li><li style="font-weight:400" aria-level="1">Technologies Used</li><li style="font-weight:400" aria-level="1">Financial charts</li></ul><p>Sometimes, a few of the above topics will be discussed in detail in the other sections of the free <a href="https://www.growthink.com/businessplan/help-center/key-components-business-plan-part-ii">business plan template</a>.</p><h3>Company Description</h3><p>Provide detailed information about your company. What are the specific business problems that you aim to solve? How are you better suited to handle them? What are the specific skill sets that your company possesses? Do you have the right location for your physical store? If you are planning to set up an online store, do you plan to outsource the development or do you have an in-house team of developers?</p><h3>Market Analysis</h3><p>The next step is to present information about the market that you are targeting. You cannot sell ice to an Eskimo. In the same way, the products and services that you offer to your potential customers should be relevant to what they are looking for.</p><p>You can include the following in this section:</p><ul><li style="font-weight:400" aria-level="1">Market size</li><li style="font-weight:400" aria-level="1">Population in the market</li><li style="font-weight:400" aria-level="1">What products/services would they be interested in?</li><li style="font-weight:400" aria-level="1">Market trends</li><li style="font-weight:400" aria-level="1">Competitor’s market shares</li><li style="font-weight:400" aria-level="1">Why would they be interested in your products?</li></ul><h3>Company Structure</h3><p>This section will give ideas about the company’s structure, leaders in the organization, hierarchy, and so on. It should also spell out the<a href="https://www.legalzoom.com/articles/which-business-structure-is-right-for-my-business"> legal structure of your business</a>. The company structure should also mention how the unique experience of each of your employees will add to the success of the organization.</p><h3>Products and Services</h3><p>Here, you need to mention the products and services that you plan to offer. It should explain how it will help the end consumer. Share points related to intellectual property, copyright, patent filings, and other relevant documents. If there is ongoing research related to your offerings, mention that as well. It will increase the validity of your business plan.</p><h3>Funding</h3><p>In this section, you need to showcase the funding details. Money runs businesses. If you do not have enough funding, it will not be possible to pay vendors, employees, suppliers, etc. You should also give an idea of how much funding you will require for the next 2 or 3 years. If there is a source of funding for the future, you might want to disclose that as well.</p><h3>Competitive Landscape</h3><p>Find out who the top competitors in your niche are. Try to gather as much intelligence as possible about how they go about their business. Why should your target customers leave your competitors and buy from you? By doing a competitive analysis, you can get an answer for this.</p><h3>Target market</h3><p>What does your most ideal customer look like? Without this piece of information, your whole marketing plan will go kaput. You will be targeting even people who will never be your customers. You need to segment your customers based on demographic and psychographic factors.</p><p>Build buyer personas to find your ideal customers and it will also help you get an idea of the reasons behind targeting them. Your marketing strategies will be more refined once you know your buyer personas. Every business will have at least 3 to 7 buyer personas and creating personalized content for each of them should be one of your core marketing activities.</p><h3>Marketing activities</h3><p>No matter how good a product you have, you cannot sell it if people don’t know that it exists in the first place. Marketing campaigns are so important to your business’ success. While there is no hard and fast rule in marketing as it is quite dynamic, you need to present an outline of the strategies that you plan to implement. A marketing strategy template should be a separate article as there are a number of variables in it.</p><h2 id="section3">How to do market research for a business plan</h2><p>You need to be specific about what you need to know when conducting a market research survey. The data that you gather from market research can be used for a number of purposes. It depends on the kind of objectives you have.</p><ul><li style="font-weight:400" aria-level="1">Is it to ask what people think about your product?</li><li style="font-weight:400" aria-level="1">Do you want to know more about your target audience to refine their details?</li><li style="font-weight:400" aria-level="1">Would you like to know about the channels that they frequent?</li><li style="font-weight:400" aria-level="1">Are you looking to understand the reasons behind why they chose your competitors?</li></ul><p>Insights from any of the above objectives will bring you closer to achieving your goals. You need to choose the right marketing tool to get the answers that you are looking for.</p><p><a href="https://surveysparrow.com/">SurveySparrow</a> is a powerful online survey tool that lets you ask a variety of questions using a number of attractive features.</p><p>Here’s how to use SurveySparrow to conduct market research for your business plan:</p><h3>Design your survey</h3><p>The first step is to design an attractive survey. It involves choosing the right questions and question types. If you want to understand more about your market, then you need to ask the respondents questions about their expectations from a product similar to yours, why they choose that particular product, what are the functionalities they use the most in that particular market, and so on.</p><p>Do remember that the longer the survey, the chances of a less number of responses are there. Break the surveys into multiple sections so that it is easy for the respondent to finish the survey.</p><h3>Test your surveys</h3><p>Before you send the survey to the audience, ensure that there are no technical hiccups. Proofread the questions. Try to understand the relevance of each question in the survey. Do remember that your objective is to understand more about the market. So ask yourself this — ”Are the questions relevant to the objective of the survey?” If not, immediately discard them.</p><p>Make sure you are leveraging all the advanced features of the online survey tool. Test the survey internally and see how the results pan out. Once you are sure that the surveys can be presented to your audience, send them to your audience.</p><h3>Survey Analysis</h3><p>Once you have all the answers to your survey questions, you will be able to see the results in an attractive dashboard. The insights gathered from the tool will help you make a powerful business plan. SurveySparrow offers a variety of visually appealing ways in which you can view the results. Every insight that you gather from your prospective customer base should be considered in your business plan.</p><h3>Add the feedback to the business plan</h3><p>The next step is all about considering the insights gathered from the market research survey into your business plan example. It will add more credence to your plan as the data gathered is that of your prospective employees. They can also be used for sales projections, inventory estimation, and so on.</p><h2>Wrapping up</h2><p>A business plan is the first step towards building a successful enterprise. There are a lot of risks involved with starting a business. You need to be careful of each step that you take and consider every single variable, starting from funding required to operational planning examples. Taking the right steps will help your business grow, but even a minor tactical oversight can result in losses.</p><p>For those who are looking to start their own business, the above article will be really helpful. Some of the templates can be taken as business plan examples for students too, not just for professionals.</p><p>If you are looking for an online survey tool that will help you draft irresistible business plans, check out SurveySparrow. When you are not sure about the kind of questions that you need to add to your business plans, you can even choose the business plan templates available with SurveySparrow. Get in touch with us to understand how we can help you create strategic business plans with our survey tool.</p></div><div class="mt-8 flex flex-col items-center md:flex-row xl:w-5/6 xl:px-14"><div class="relative size-24 min-w-24"><img alt="blog author image" loading="lazy" decoding="async" data-nimg="fill" class="rounded-full object-cover" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent;background-size:cover;background-position:50% 50%;background-repeat:no-repeat;background-image:url("data:image/svg+xml;charset=utf-8,%3Csvg xmlns='http://www.w3.org/2000/svg' %3E%3Cfilter id='b' color-interpolation-filters='sRGB'%3E%3CfeGaussianBlur stdDeviation='20'/%3E%3CfeColorMatrix values='1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 100 -1' result='s'/%3E%3CfeFlood x='0' y='0' width='100%25' height='100%25'/%3E%3CfeComposite operator='out' in='s'/%3E%3CfeComposite in2='SourceGraphic'/%3E%3CfeGaussianBlur stdDeviation='20'/%3E%3C/filter%3E%3Cimage width='100%25' height='100%25' x='0' y='0' preserveAspectRatio='none' style='filter: url(%23b);' href='data:image/gif;base64,R0lGODlhAQABAPAAANzc3P///yH5BAAAAAAALAAAAAABAAEAAAICRAEAOw=='/%3E%3C/svg%3E")" sizes="96px" srcSet="/_next/image/?url=https%3A%2F%2Fsurveysparrow.com%2Fwp-content%2Fuploads%2F2020%2F07%2FKate-100x100.jpg&w=16&q=75 16w, /_next/image/?url=https%3A%2F%2Fsurveysparrow.com%2Fwp-content%2Fuploads%2F2020%2F07%2FKate-100x100.jpg&w=32&q=75 32w, /_next/image/?url=https%3A%2F%2Fsurveysparrow.com%2Fwp-content%2Fuploads%2F2020%2F07%2FKate-100x100.jpg&w=48&q=75 48w, /_next/image/?url=https%3A%2F%2Fsurveysparrow.com%2Fwp-content%2Fuploads%2F2020%2F07%2FKate-100x100.jpg&w=64&q=75 64w, /_next/image/?url=https%3A%2F%2Fsurveysparrow.com%2Fwp-content%2Fuploads%2F2020%2F07%2FKate-100x100.jpg&w=96&q=75 96w, /_next/image/?url=https%3A%2F%2Fsurveysparrow.com%2Fwp-content%2Fuploads%2F2020%2F07%2FKate-100x100.jpg&w=128&q=75 128w, /_next/image/?url=https%3A%2F%2Fsurveysparrow.com%2Fwp-content%2Fuploads%2F2020%2F07%2FKate-100x100.jpg&w=256&q=75 256w, /_next/image/?url=https%3A%2F%2Fsurveysparrow.com%2Fwp-content%2Fuploads%2F2020%2F07%2FKate-100x100.jpg&w=384&q=75 384w, /_next/image/?url=https%3A%2F%2Fsurveysparrow.com%2Fwp-content%2Fuploads%2F2020%2F07%2FKate-100x100.jpg&w=640&q=75 640w, /_next/image/?url=https%3A%2F%2Fsurveysparrow.com%2Fwp-content%2Fuploads%2F2020%2F07%2FKate-100x100.jpg&w=750&q=75 750w, /_next/image/?url=https%3A%2F%2Fsurveysparrow.com%2Fwp-content%2Fuploads%2F2020%2F07%2FKate-100x100.jpg&w=828&q=75 828w, /_next/image/?url=https%3A%2F%2Fsurveysparrow.com%2Fwp-content%2Fuploads%2F2020%2F07%2FKate-100x100.jpg&w=1080&q=75 1080w, /_next/image/?url=https%3A%2F%2Fsurveysparrow.com%2Fwp-content%2Fuploads%2F2020%2F07%2FKate-100x100.jpg&w=1200&q=75 1200w, /_next/image/?url=https%3A%2F%2Fsurveysparrow.com%2Fwp-content%2Fuploads%2F2020%2F07%2FKate-100x100.jpg&w=1920&q=75 1920w, /_next/image/?url=https%3A%2F%2Fsurveysparrow.com%2Fwp-content%2Fuploads%2F2020%2F07%2FKate-100x100.jpg&w=2048&q=75 2048w, /_next/image/?url=https%3A%2F%2Fsurveysparrow.com%2Fwp-content%2Fuploads%2F2020%2F07%2FKate-100x100.jpg&w=3840&q=75 3840w" src="/_next/image/?url=https%3A%2F%2Fsurveysparrow.com%2Fwp-content%2Fuploads%2F2020%2F07%2FKate-100x100.jpg&w=3840&q=75"/></div><div class="flex flex-col max-md:mt-7 md:ml-9"><h3 class="mb-2 text-2xl font-medium text-zinc-800 max-md:text-center">Kate Williams</h3><p class="mb-2.5 text-lg font-normal text-black max-md:text-center">Product Marketing Manager at SurveySparrow</p><div class="prose prose-p:text-base prose-p:font-normal prose-p:text-zinc-500 prose-p:max-md:text-center !max-w-full"><p>Excels in empowering visionary companies through storytelling and strategic go-to-market planning. With extensive experience in product marketing and customer experience management, she is an accomplished author, podcast host, and mentor, sharing her expertise across diverse platforms and audiences.</p></div></div></div></div></div><div></div><section class="bg-white py-12"><div class="container"><h4 class="mb-7 text-center text-2xl font-medium leading-tight text-zinc-800 md:text-3xl">You Might Also Like</h4><div class="overflow-hidden"><div class=""><div role="presentation" class="flex h-auto max-sm:first:ml-3.5"><a href="/blog/customer-engagement-tools-and-platforms/" class="group mb-12 w-80 basis-full animate-[overlayShow_300ms_ease-in-out] transition-all duration-500 ease-in-out md:mb-20 md:basis-1/2 md:px-4 lg:basis-1/3 min-w-0 grow-0 shrink-0 max-sm:!basis-full sm:max-lg:!basis-1/2 mb-0 md:!px-3 false"><div class="size-full rounded-xl p-2 transition-all duration-300 group-hover:bg-stone-300/30"><div class="relative mb-6 h-48 w-full rounded-xl bg-neutral-200"><img alt="best 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py-20"><img loading="lazy" decoding="async" data-nimg="fill" class="z-0" style="position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;object-fit:cover;color:transparent" src="https://static.surveysparrow.com/site/assets/affiliate-program/v3/bottom-cta-bg.svg"/><h2 class="relative z-10 mb-3 text-center text-4xl font-semibold !leading-snug text-white md:text-5xl">Turn every feedback into a growth opportunity</h2><div class="relative z-10 flex justify-center text-center"><div><form class="relative flex justify-left undefined max-sm:flex-wrap" method="post"><div class="w-[310px] max-w-full max-sm:mb-2 max-sm:w-full"><input class="h-14 w-full rounded-[5px] border border-solid border-[#BDBDBD] p-4 text-lg text-black focus-visible:outline-none max-sm:text-center sm:rounded-r-none sm:border-r-0" type="email" placeholder="name@company.com*" name="email"/></div><button class="bg-primary text-white active:bg-black hover:bg-primary-600 min-h-12 h-14 !min-w-[180px] rounded-[5px] px-[30px] text-sm leading-[1.2] text-white transition md:text-base max-sm:w-full sm:rounded-l-none !font-medium max-sm:mt-3 inline-flex cursor-pointer items-center justify-center rounded px-8 text-lg font-normal transition" type="submit">Contact Sales</button></form><p class="mt-3 text-sm text-white">A personalized walkthrough by our experts. 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you need some \u003cstrong\u003ebusiness plan examples\u003c/strong\u003e to come up with your own?\u003c/p\u003e\u003cp\u003eEvery business needs a plan. If you want to build a thriving company, you need to invest in creating a business strategy. The business world is cruel, cut-throat, and incredibly competitive. You need to find out what you can offer to your customers and how best you can do that- and it requires a strategic business plan.\u003c/p\u003e\u003cblockquote\u003e\u003cp\u003e“Without a plan, even the most brilliant business can get lost. You need to have goals, create milestones and have a strategy in place to set yourself up for success”- Yogi Berra.\u003c/p\u003e\u003c/blockquote\u003e\u003cp\u003eIn this article, we’ll cover:\u003c/p\u003e\u003cp\u003e\u003ca href=\"#section1\"\u003eThe best business plan examples and templates\u003c/a\u003e\u003c/p\u003e\u003cp\u003e\u003ca href=\"#section2\"\u003eBasic elements that make a good business plan\u003c/a\u003e\u003c/p\u003e\u003cp\u003e\u003ca href=\"#section3\"\u003eHow to do market research for your business plan\u003c/a\u003e\u003c/p\u003e\u003ch2 id=\"section1\"\u003eThe 5 Best Free Business Plan Examples and Templates in 2022\u003c/h2\u003e\u003ch3\u003e1. The One-pager Plan\u003c/h3\u003e\u003cp\u003eHere is an example of a simple business plan that will take only one page. A one-page plan will be easier to share with others and have less information for those who don’t have the time to pore through the details. It will be a great thing to giveaway after an elevator pitch.\u003c/p\u003e\u003cp\u003eIt will include the following:\u003c/p\u003e\u003cul\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eBusiness Opportunity: What is the problem that you are solving?\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eTeam: Who are the different stakeholders involved in the company? Why are they the right person to build the brand?\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eTarget Market: Which is the area that you are targeting? Who are your ideal customers, buyer personas, and audience segments?\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eImplementation timeline: When will the business be up and running? What are the resources that you will employ for that?\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eFinancial Summary: Where is the funding coming from? How much funding is required?\u003c/li\u003e\u003c/ul\u003e\u003cp\u003eThe above fields are enough to prepare a quick business plan example.\u003c/p\u003e\u003ch3\u003e\u003ca href=\"https://www.bplans.com/downloads/business-plan-template/\"\u003e2. Bplans Business Plan Example\u003c/a\u003e\u003c/h3\u003e\u003cp\u003eThis one is a bit detailed in nature. Let’s go through it.\u003c/p\u003e\u003cp\u003e\u003ci\u003eExecutive Summary\u003c/i\u003e\u003c/p\u003e\u003col\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eProblem Summary\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eSolution Summary\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eMarket Summary\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eCompetition\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eOverview\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eWhy Us?\u003c/li\u003e\u003c/ol\u003e\u003cp\u003e\u003ci\u003eExpectations\u003c/i\u003e\u003c/p\u003e\u003col\u003e\u003cli style=\"font-weight:400;\" aria-level=\"2\"\u003eForecast\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"2\"\u003eFinancial Highlights by Year [chart]\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"2\"\u003eFinancing Needed\u003c/li\u003e\u003c/ol\u003e\u003cp\u003e\u003ci\u003eOpportunity\u003c/i\u003e\u003c/p\u003e\u003col\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eProblem \u0026amp; Solution\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eTarget Market\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eCompetition (Current Alternatives and Our Advantages)\u003c/li\u003e\u003c/ol\u003e\u003cp\u003e\u003ci\u003eExecution\u003c/i\u003e\u003c/p\u003e\u003col\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eMarketing \u0026amp; Sales Plan\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eOperations (Locations \u0026amp; Facilities, Technology, and Equipment \u0026amp; Tools)\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eMilestones \u0026amp; Metrics (Milestones Table and Key Metrics)\u003c/li\u003e\u003c/ol\u003e\u003cp\u003e\u003ci\u003eCompany\u003c/i\u003e\u003c/p\u003e\u003col\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eOverview\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eTeam (Management Team and Advisors)\u003c/li\u003e\u003c/ol\u003e\u003cp\u003e\u003ci\u003eFinancial Plan\u003c/i\u003e\u003c/p\u003e\u003col\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eForecast (Key Assumptions, Revenue by Month [chart], Expenses by Month [chart], Net Profit (or Loss) by Year [chart])\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eFinancing (Use of Funds and Sources of Funds)\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eStatements (Projected Profit \u0026amp; Loss, Projected Balance Sheet, and Projected Cash Flow Statement)\u003c/li\u003e\u003c/ol\u003e\u003cp\u003e\u003ci\u003eAppendix\u003c/i\u003e\u003c/p\u003e\u003col\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eMonthly Financial Forecasts\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eAdditional Documentation\u003c/li\u003e\u003c/ol\u003e\u003cp\u003eElaborating on each of the above points gives you enough fodder to make someone on the other side understand your business as well as enough firepower to get started on implementing each of the sections.\u003c/p\u003e\u003ch3\u003e\u003ca href=\"https://offers.hubspot.com/business-plan-template?hubs_post-cta=anchor\u0026amp;hsCtaTracking=e9d2eacb-6b01-423a-bf7a-19d42ba77eaa%7C7db1bdbb-6641-41a9-be99-237a56545181\"\u003e3. HubSpot’s Business Plan Template\u003c/a\u003e\u003c/h3\u003e\u003cp\u003eThis is also a comprehensive template that can be used to create a business plan from scratch. Once you have added content to all the fields in this business plan example, you can share it with your investors and stakeholders.\u003c/p\u003e\u003ch4\u003eExecutive Summary\u003c/h4\u003e\u003cp\u003eYou can add a one or two-page overview of the business here. The executive summary should include a mission statement, company history, leadership model, competitive advantage, financial projections, and company goals.\u003c/p\u003e\u003ch4\u003eCompany and Business Description\u003c/h4\u003e\u003cp\u003eIn this section, you can provide a description of your business, describe the products and services you will be offering, talk about your target market, and why your business plan will work. Describe your mission and vision statement, core values, team, and organization structure.\u003c/p\u003e\u003ch4\u003eProducts and Services\u003c/h4\u003e\u003cp\u003eTalk about your product and service offerings. Mention your pricing structure as well.\u003c/p\u003e\u003ch4\u003eMarket Analysis\u003c/h4\u003e\u003cp\u003eShare details about the market that you are targeting and talk about the reason behind doing so. Highlight the demographics and psychographics, including the size of your addressable market. Also, talk about your buyer personas and a competitive analysis report.\u003c/p\u003e\u003ch4\u003eMarketing and Sales Plan\u003c/h4\u003e\u003cp\u003eYou can talk about your positioning strategy, the acquisition channels you plan to use, including the tools and technologies.\u003c/p\u003e\u003cp\u003eExplain how you intend to get leads. What does your inbound and \u003ca href=\" https://www.artisan.co/blog/outbound-sales-software\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eoutbound sales\u003c/a\u003e strategy look like? What are the different channels that you will be using?\u003c/p\u003e\u003ch4\u003eLegal Notes\u003c/h4\u003e\u003cp\u003eWhat type of legal structure do you plan to follow? List out the legal considerations that you plan to keep in mind to operate smoothly.\u003c/p\u003e\u003ch4\u003eFinancial Considerations\u003c/h4\u003e\u003cp\u003eNo matter how good a product you have, if you do not possess the funding to run the business, then it will surely go belly up. You should have a solid financial strategy in place.\u003c/p\u003e\u003cp\u003eYou can use the executive summary example business plan link to get a detailed understanding of the business plan.\u003c/p\u003e\u003ch3\u003e\u003ca href=\"https://www.sba.gov/business-guide/plan-your-business/write-your-business-plan\"\u003e4. US Small Business Administration (SBA) Business Plan Example\u003c/a\u003e\u003c/h3\u003e\u003cp\u003eIf you take a look at Andrew’s business plan by using the link, you will find a comprehensive plan for ‘Wooden Grain Toy Company.’ The company manufactures high-quality toys that are made from solid hardwoods. The target audience for the toys are adults who are in a position to buy for the kids.\u003c/p\u003e\u003cp\u003eThe business plan (for which the link has been provided) contains a detailed description of the customers, competitive advantages, the regulations that they are supposed to follow, product lifecycle, pricing structure, and so on. It also talks about how they plan to conduct research and development for the company. The example of a marketing plan that they have in place is also described in the business plan document.\u003c/p\u003e\u003ch3\u003e\u003ca href=\"https://www.sba.gov/business-guide/plan-your-business/write-your-business-plan\"\u003e5. US SBA Service Business Plan Example\u003c/a\u003e\u003c/h3\u003e\u003cp\u003eIn the previous example, we considered a business plan example for a product-based company. Here, we consider a consulting company called ‘We Can Do It Consulting.’ The services include office management and business process reengineering.\u003c/p\u003e\u003cp\u003eIn this business plan example, the service company we are considering aims to provide services to business owners, CEOs, HR directors, product managers, presidents who are looking to increase their productivity and reduce overhead expenses.\u003c/p\u003e\u003cp\u003eThe business plan example also talks about their requirements for the future. It mentions the list of services that they offer, in detail. They mention their pricing structure based on the hourly charges of each of the professionals such as Account Executive, Project Manager, Business Analyst, Process Analyst, and so on.\u003c/p\u003e\u003cp\u003eIt also talks about their efforts in R\u0026amp;D. They plan to create custom technology for manufacturers of vehicles. The service company is also intent on finding trends in software solutions to provide competitive automated services to create a niche for themselves in the industry. This is a good example of a business plan PDF that you can use as a template.\u003c/p\u003e\u003cdiv class=\"template_cta ss-blog-single-template-cta-2 ss-text--center\" data-title=\"\" data-link=\"\" data-id=\"\" data-singletemplatetitle=\"Try our business plan template to test the conversational experience!\" data-singletemplatelink=\"https://sprw.io/stt-46bbbc\" data-singlebuttonid=\"138272\"\u003e\u003cp class=\"ss-text--center single-template-title\"\u003eTry our business plan template to test the conversational experience!\u003c/p\u003e\u003cdiv class=\"wrapper\"\u003e\u003cdiv class=\"overlay-title\"\u003e\u003ca class=\"template-innerOverlay-image\" href=\"#single-survey-responses-modal\" data-toggle=\"modal\"\u003e\u003cimg src=\"https://static.surveysparrow.com/site/assets/template-inner-redesign/icon-preview.svg\"\u003e Preview Template\u003c/a\u003e\u003c/div\u003e\u003cp\u003e\u003ca class=\"template-innerOverlay-image\" href=\"#single-survey-responses-modal\" data-toggle=\"modal\"\u003e\u003cimg src=\" https://surveysparrow.com/wp-content/uploads/2021/05/business-plan-questionnaire.png \"\u003e\u0026nbsp;\u003c/a\u003e\u003c/p\u003e\u003c/div\u003e\u003cp\u003e\u003cbutton class=\"ss-btn ss-btn--primary ss-btn-v2 url-track new-tab\" data-templateid=\"template=138272\u0026amp;\"\u003eUse This Template\u003c/button\u003e\u003c/p\u003e\u003c/div\u003e\u003ch2 id=\"section2\"\u003eWhat does a good business plan include?\u003c/h2\u003e\u003cp\u003eThere are a number of sections that make up a business plan which covers every single part of the business. The more detailed the business plan, the easier it is for investors to validate their investment decisions and for the entrepreneur to execute their ideas.\u003c/p\u003e\u003cp\u003eLet us look at each of the sections in a traditional business plan sample.\u003c/p\u003e\u003ch3\u003eBusiness Summary\u003c/h3\u003e\u003cp\u003eThis section provides an overview of the business. It usually includes\u003c/p\u003e\u003cul\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eMission and Vision Statement\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eAbout the Company\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eGoals of the company\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eCompany’s differentiators\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eTechnologies Used\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eFinancial charts\u003c/li\u003e\u003c/ul\u003e\u003cp\u003eSometimes, a few of the above topics will be discussed in detail in the other sections of the free \u003ca href=\"https://www.growthink.com/businessplan/help-center/key-components-business-plan-part-ii\"\u003ebusiness plan template\u003c/a\u003e.\u003c/p\u003e\u003ch3\u003eCompany Description\u003c/h3\u003e\u003cp\u003eProvide detailed information about your company. What are the specific business problems that you aim to solve? How are you better suited to handle them? What are the specific skill sets that your company possesses? Do you have the right location for your physical store? If you are planning to set up an online store, do you plan to outsource the development or do you have an in-house team of developers?\u003c/p\u003e\u003ch3\u003eMarket Analysis\u003c/h3\u003e\u003cp\u003eThe next step is to present information about the market that you are targeting. You cannot sell ice to an Eskimo. In the same way, the products and services that you offer to your potential customers should be relevant to what they are looking for.\u003c/p\u003e\u003cp\u003eYou can include the following in this section:\u003c/p\u003e\u003cul\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eMarket size\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003ePopulation in the market\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eWhat products/services would they be interested in?\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eMarket trends\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eCompetitor’s market shares\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eWhy would they be interested in your products?\u003c/li\u003e\u003c/ul\u003e\u003ch3\u003eCompany Structure\u003c/h3\u003e\u003cp\u003eThis section will give ideas about the company’s structure, leaders in the organization, hierarchy, and so on. It should also spell out the\u003ca href=\"https://www.legalzoom.com/articles/which-business-structure-is-right-for-my-business\"\u003e legal structure of your business\u003c/a\u003e. The company structure should also mention how the unique experience of each of your employees will add to the success of the organization.\u003c/p\u003e\u003ch3\u003eProducts and Services\u003c/h3\u003e\u003cp\u003eHere, you need to mention the products and services that you plan to offer. It should explain how it will help the end consumer. Share points related to intellectual property, copyright, patent filings, and other relevant documents. If there is ongoing research related to your offerings, mention that as well. It will increase the validity of your business plan.\u003c/p\u003e\u003ch3\u003eFunding\u003c/h3\u003e\u003cp\u003eIn this section, you need to showcase the funding details. Money runs businesses. If you do not have enough funding, it will not be possible to pay vendors, employees, suppliers, etc. You should also give an idea of how much funding you will require for the next 2 or 3 years. If there is a source of funding for the future, you might want to disclose that as well.\u003c/p\u003e\u003ch3\u003eCompetitive Landscape\u003c/h3\u003e\u003cp\u003eFind out who the top competitors in your niche are. Try to gather as much intelligence as possible about how they go about their business. Why should your target customers leave your competitors and buy from you? By doing a competitive analysis, you can get an answer for this.\u003c/p\u003e\u003ch3\u003eTarget market\u003c/h3\u003e\u003cp\u003eWhat does your most ideal customer look like? Without this piece of information, your whole marketing plan will go kaput. You will be targeting even people who will never be your customers. You need to segment your customers based on demographic and psychographic factors.\u003c/p\u003e\u003cp\u003eBuild buyer personas to find your ideal customers and it will also help you get an idea of the reasons behind targeting them. Your marketing strategies will be more refined once you know your buyer personas. Every business will have at least 3 to 7 buyer personas and creating personalized content for each of them should be one of your core marketing activities.\u003c/p\u003e\u003ch3\u003eMarketing activities\u003c/h3\u003e\u003cp\u003eNo matter how good a product you have, you cannot sell it if people don’t know that it exists in the first place. Marketing campaigns are so important to your business’ success. While there is no hard and fast rule in marketing as it is quite dynamic, you need to present an outline of the strategies that you plan to implement. A marketing strategy template should be a separate article as there are a number of variables in it.\u003c/p\u003e\u003ch2 id=\"section3\"\u003eHow to do market research for a business plan\u003c/h2\u003e\u003cp\u003eYou need to be specific about what you need to know when conducting a market research survey. The data that you gather from market research can be used for a number of purposes. It depends on the kind of objectives you have.\u003c/p\u003e\u003cul\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eIs it to ask what people think about your product?\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eDo you want to know more about your target audience to refine their details?\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eWould you like to know about the channels that they frequent?\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eAre you looking to understand the reasons behind why they chose your competitors?\u003c/li\u003e\u003c/ul\u003e\u003cp\u003eInsights from any of the above objectives will bring you closer to achieving your goals. You need to choose the right marketing tool to get the answers that you are looking for.\u003c/p\u003e\u003cp\u003e\u003ca href=\"https://surveysparrow.com/\"\u003eSurveySparrow\u003c/a\u003e is a powerful online survey tool that lets you ask a variety of questions using a number of attractive features.\u003c/p\u003e\u003cp\u003eHere’s how to use SurveySparrow to conduct market research for your business plan:\u003c/p\u003e\u003ch3\u003eDesign your survey\u003c/h3\u003e\u003cp\u003eThe first step is to design an attractive survey. It involves choosing the right questions and question types. If you want to understand more about your market, then you need to ask the respondents questions about their expectations from a product similar to yours, why they choose that particular product, what are the functionalities they use the most in that particular market, and so on.\u003c/p\u003e\u003cp\u003eDo remember that the longer the survey, the chances of a less number of responses are there. Break the surveys into multiple sections so that it is easy for the respondent to finish the survey.\u003c/p\u003e\u003ch3\u003eTest your surveys\u003c/h3\u003e\u003cp\u003eBefore you send the survey to the audience, ensure that there are no technical hiccups. Proofread the questions. Try to understand the relevance of each question in the survey. Do remember that your objective is to understand more about the market. So ask yourself this — ”Are the questions relevant to the objective of the survey?” If not, immediately discard them.\u003c/p\u003e\u003cp\u003eMake sure you are leveraging all the advanced features of the online survey tool. Test the survey internally and see how the results pan out. Once you are sure that the surveys can be presented to your audience, send them to your audience.\u003c/p\u003e\u003ch3\u003eSurvey Analysis\u003c/h3\u003e\u003cp\u003eOnce you have all the answers to your survey questions, you will be able to see the results in an attractive dashboard. The insights gathered from the tool will help you make a powerful business plan. SurveySparrow offers a variety of visually appealing ways in which you can view the results. Every insight that you gather from your prospective customer base should be considered in your business plan.\u003c/p\u003e\u003ch3\u003eAdd the feedback to the business plan\u003c/h3\u003e\u003cp\u003eThe next step is all about considering the insights gathered from the market research survey into your business plan example. It will add more credence to your plan as the data gathered is that of your prospective employees. They can also be used for sales projections, inventory estimation, and so on.\u003c/p\u003e\u003ch2\u003eWrapping up\u003c/h2\u003e\u003cp\u003eA business plan is the first step towards building a successful enterprise. There are a lot of risks involved with starting a business. You need to be careful of each step that you take and consider every single variable, starting from funding required to operational planning examples. Taking the right steps will help your business grow, but even a minor tactical oversight can result in losses.\u003c/p\u003e\u003cp\u003eFor those who are looking to start their own business, the above article will be really helpful. Some of the templates can be taken as business plan examples for students too, not just for professionals.\u003c/p\u003e\u003cp\u003eIf you are looking for an online survey tool that will help you draft irresistible business plans, check out SurveySparrow. When you are not sure about the kind of questions that you need to add to your business plans, you can even choose the business plan templates available with SurveySparrow. Get in touch with us to understand how we can help you create strategic business plans with our survey tool.\u003c/p\u003e"])</script><script>self.__next_f.push([1,"25:Tb5f,"])</script><script>self.__next_f.push([1,"prose prose-headings:font-medium prose-headings:leading-snug prose-headings:text-zinc-800 prose-h2:mb-5 prose-h2:mt-10 prose-h2:scroll-mt-20 prose-h2:text-4xl prose-h2:!font-semibold prose-h2:!leading-snug prose-h3:mb-3 prose-h3:mt-7 prose-h3:scroll-mt-20 prose-h3:text-3xl prose-h4:mb-1.5 prose-h4:mt-4 prose-h4:text-2xl prose-h6:mb-1.5 prose-h6:text-base prose-p:mb-4 prose-p:text-base prose-p:font-normal prose-p:!leading-loose prose-p:text-black prose-a:text-black prose-a:underline prose-a:decoration-primary prose-a:transition-all prose-a:duration-500 prose-a:ease-in-out prose-blockquote:mb-10 prose-blockquote:mt-20 prose-blockquote:border-none prose-blockquote:pl-4 prose-blockquote:font-medium prose-blockquote:text-zinc-800 prose-figure:!w-full prose-strong:font-medium 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experience!\",\"templateLink\":\"https://sprw.io/stt-46bbbc\",\"templateId\":\"138272\",\"slug\":\"business-plan-examples\"}\n30:T4d11,"])</script><script>self.__next_f.push([1,"\u003cp\u003eDo you need some \u003cstrong\u003ebusiness plan examples\u003c/strong\u003e to come up with your own?\u003c/p\u003e\u003cp\u003eEvery business needs a plan. If you want to build a thriving company, you need to invest in creating a business strategy. The business world is cruel, cut-throat, and incredibly competitive. You need to find out what you can offer to your customers and how best you can do that- and it requires a strategic business plan.\u003c/p\u003e\u003cblockquote\u003e\u003cp\u003e“Without a plan, even the most brilliant business can get lost. You need to have goals, create milestones and have a strategy in place to set yourself up for success”- Yogi Berra.\u003c/p\u003e\u003c/blockquote\u003e\u003cp\u003eIn this article, we’ll cover:\u003c/p\u003e\u003cp\u003e\u003ca href=\"#section1\"\u003eThe best business plan examples and templates\u003c/a\u003e\u003c/p\u003e\u003cp\u003e\u003ca href=\"#section2\"\u003eBasic elements that make a good business plan\u003c/a\u003e\u003c/p\u003e\u003cp\u003e\u003ca href=\"#section3\"\u003eHow to do market research for your business plan\u003c/a\u003e\u003c/p\u003e\u003ch2 id=\"section1\"\u003eThe 5 Best Free Business Plan Examples and Templates in 2022\u003c/h2\u003e\u003ch3\u003e1. The One-pager Plan\u003c/h3\u003e\u003cp\u003eHere is an example of a simple business plan that will take only one page. A one-page plan will be easier to share with others and have less information for those who don’t have the time to pore through the details. It will be a great thing to giveaway after an elevator pitch.\u003c/p\u003e\u003cp\u003eIt will include the following:\u003c/p\u003e\u003cul\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eBusiness Opportunity: What is the problem that you are solving?\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eTeam: Who are the different stakeholders involved in the company? Why are they the right person to build the brand?\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eTarget Market: Which is the area that you are targeting? Who are your ideal customers, buyer personas, and audience segments?\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eImplementation timeline: When will the business be up and running? What are the resources that you will employ for that?\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eFinancial Summary: Where is the funding coming from? How much funding is required?\u003c/li\u003e\u003c/ul\u003e\u003cp\u003eThe above fields are enough to prepare a quick business plan example.\u003c/p\u003e\u003ch3\u003e\u003ca href=\"https://www.bplans.com/downloads/business-plan-template/\"\u003e2. Bplans Business Plan Example\u003c/a\u003e\u003c/h3\u003e\u003cp\u003eThis one is a bit detailed in nature. Let’s go through it.\u003c/p\u003e\u003cp\u003e\u003ci\u003eExecutive Summary\u003c/i\u003e\u003c/p\u003e\u003col\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eProblem Summary\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eSolution Summary\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eMarket Summary\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eCompetition\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eOverview\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eWhy Us?\u003c/li\u003e\u003c/ol\u003e\u003cp\u003e\u003ci\u003eExpectations\u003c/i\u003e\u003c/p\u003e\u003col\u003e\u003cli style=\"font-weight:400;\" aria-level=\"2\"\u003eForecast\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"2\"\u003eFinancial Highlights by Year [chart]\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"2\"\u003eFinancing Needed\u003c/li\u003e\u003c/ol\u003e\u003cp\u003e\u003ci\u003eOpportunity\u003c/i\u003e\u003c/p\u003e\u003col\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eProblem \u0026amp; Solution\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eTarget Market\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eCompetition (Current Alternatives and Our Advantages)\u003c/li\u003e\u003c/ol\u003e\u003cp\u003e\u003ci\u003eExecution\u003c/i\u003e\u003c/p\u003e\u003col\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eMarketing \u0026amp; Sales Plan\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eOperations (Locations \u0026amp; Facilities, Technology, and Equipment \u0026amp; Tools)\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eMilestones \u0026amp; Metrics (Milestones Table and Key Metrics)\u003c/li\u003e\u003c/ol\u003e\u003cp\u003e\u003ci\u003eCompany\u003c/i\u003e\u003c/p\u003e\u003col\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eOverview\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eTeam (Management Team and Advisors)\u003c/li\u003e\u003c/ol\u003e\u003cp\u003e\u003ci\u003eFinancial Plan\u003c/i\u003e\u003c/p\u003e\u003col\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eForecast (Key Assumptions, Revenue by Month [chart], Expenses by Month [chart], Net Profit (or Loss) by Year [chart])\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eFinancing (Use of Funds and Sources of Funds)\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eStatements (Projected Profit \u0026amp; Loss, Projected Balance Sheet, and Projected Cash Flow Statement)\u003c/li\u003e\u003c/ol\u003e\u003cp\u003e\u003ci\u003eAppendix\u003c/i\u003e\u003c/p\u003e\u003col\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eMonthly Financial Forecasts\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eAdditional Documentation\u003c/li\u003e\u003c/ol\u003e\u003cp\u003eElaborating on each of the above points gives you enough fodder to make someone on the other side understand your business as well as enough firepower to get started on implementing each of the sections.\u003c/p\u003e\u003ch3\u003e\u003ca href=\"https://offers.hubspot.com/business-plan-template?hubs_post-cta=anchor\u0026amp;hsCtaTracking=e9d2eacb-6b01-423a-bf7a-19d42ba77eaa%7C7db1bdbb-6641-41a9-be99-237a56545181\"\u003e3. HubSpot’s Business Plan Template\u003c/a\u003e\u003c/h3\u003e\u003cp\u003eThis is also a comprehensive template that can be used to create a business plan from scratch. Once you have added content to all the fields in this business plan example, you can share it with your investors and stakeholders.\u003c/p\u003e\u003ch4\u003eExecutive Summary\u003c/h4\u003e\u003cp\u003eYou can add a one or two-page overview of the business here. The executive summary should include a mission statement, company history, leadership model, competitive advantage, financial projections, and company goals.\u003c/p\u003e\u003ch4\u003eCompany and Business Description\u003c/h4\u003e\u003cp\u003eIn this section, you can provide a description of your business, describe the products and services you will be offering, talk about your target market, and why your business plan will work. Describe your mission and vision statement, core values, team, and organization structure.\u003c/p\u003e\u003ch4\u003eProducts and Services\u003c/h4\u003e\u003cp\u003eTalk about your product and service offerings. Mention your pricing structure as well.\u003c/p\u003e\u003ch4\u003eMarket Analysis\u003c/h4\u003e\u003cp\u003eShare details about the market that you are targeting and talk about the reason behind doing so. Highlight the demographics and psychographics, including the size of your addressable market. Also, talk about your buyer personas and a competitive analysis report.\u003c/p\u003e\u003ch4\u003eMarketing and Sales Plan\u003c/h4\u003e\u003cp\u003eYou can talk about your positioning strategy, the acquisition channels you plan to use, including the tools and technologies.\u003c/p\u003e\u003cp\u003eExplain how you intend to get leads. What does your inbound and \u003ca href=\" https://www.artisan.co/blog/outbound-sales-software\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eoutbound sales\u003c/a\u003e strategy look like? What are the different channels that you will be using?\u003c/p\u003e\u003ch4\u003eLegal Notes\u003c/h4\u003e\u003cp\u003eWhat type of legal structure do you plan to follow? List out the legal considerations that you plan to keep in mind to operate smoothly.\u003c/p\u003e\u003ch4\u003eFinancial Considerations\u003c/h4\u003e\u003cp\u003eNo matter how good a product you have, if you do not possess the funding to run the business, then it will surely go belly up. You should have a solid financial strategy in place.\u003c/p\u003e\u003cp\u003eYou can use the executive summary example business plan link to get a detailed understanding of the business plan.\u003c/p\u003e\u003ch3\u003e\u003ca href=\"https://www.sba.gov/business-guide/plan-your-business/write-your-business-plan\"\u003e4. US Small Business Administration (SBA) Business Plan Example\u003c/a\u003e\u003c/h3\u003e\u003cp\u003eIf you take a look at Andrew’s business plan by using the link, you will find a comprehensive plan for ‘Wooden Grain Toy Company.’ The company manufactures high-quality toys that are made from solid hardwoods. The target audience for the toys are adults who are in a position to buy for the kids.\u003c/p\u003e\u003cp\u003eThe business plan (for which the link has been provided) contains a detailed description of the customers, competitive advantages, the regulations that they are supposed to follow, product lifecycle, pricing structure, and so on. It also talks about how they plan to conduct research and development for the company. The example of a marketing plan that they have in place is also described in the business plan document.\u003c/p\u003e\u003ch3\u003e\u003ca href=\"https://www.sba.gov/business-guide/plan-your-business/write-your-business-plan\"\u003e5. US SBA Service Business Plan Example\u003c/a\u003e\u003c/h3\u003e\u003cp\u003eIn the previous example, we considered a business plan example for a product-based company. Here, we consider a consulting company called ‘We Can Do It Consulting.’ The services include office management and business process reengineering.\u003c/p\u003e\u003cp\u003eIn this business plan example, the service company we are considering aims to provide services to business owners, CEOs, HR directors, product managers, presidents who are looking to increase their productivity and reduce overhead expenses.\u003c/p\u003e\u003cp\u003eThe business plan example also talks about their requirements for the future. It mentions the list of services that they offer, in detail. They mention their pricing structure based on the hourly charges of each of the professionals such as Account Executive, Project Manager, Business Analyst, Process Analyst, and so on.\u003c/p\u003e\u003cp\u003eIt also talks about their efforts in R\u0026amp;D. They plan to create custom technology for manufacturers of vehicles. The service company is also intent on finding trends in software solutions to provide competitive automated services to create a niche for themselves in the industry. This is a good example of a business plan PDF that you can use as a template.\u003c/p\u003e\u003cdiv class=\"template_cta ss-blog-single-template-cta-2 ss-text--center\" data-title=\"\" data-link=\"\" data-id=\"\" data-singletemplatetitle=\"Try our business plan template to test the conversational experience!\" data-singletemplatelink=\"https://sprw.io/stt-46bbbc\" data-singlebuttonid=\"138272\"\u003e\u003cp class=\"ss-text--center single-template-title\"\u003eTry our business plan template to test the conversational experience!\u003c/p\u003e\u003cdiv class=\"wrapper\"\u003e\u003cdiv class=\"overlay-title\"\u003e\u003ca class=\"template-innerOverlay-image\" href=\"#single-survey-responses-modal\" data-toggle=\"modal\"\u003e\u003cimg src=\"https://static.surveysparrow.com/site/assets/template-inner-redesign/icon-preview.svg\"\u003e Preview Template\u003c/a\u003e\u003c/div\u003e\u003cp\u003e\u003ca class=\"template-innerOverlay-image\" href=\"#single-survey-responses-modal\" data-toggle=\"modal\"\u003e\u003cimg src=\" https://surveysparrow.com/wp-content/uploads/2021/05/business-plan-questionnaire.png \"\u003e\u0026nbsp;\u003c/a\u003e\u003c/p\u003e\u003c/div\u003e\u003cp\u003e\u003cbutton class=\"ss-btn ss-btn--primary ss-btn-v2 url-track new-tab\" data-templateid=\"template=138272\u0026amp;\"\u003eUse This Template\u003c/button\u003e\u003c/p\u003e\u003c/div\u003e\u003ch2 id=\"section2\"\u003eWhat does a good business plan include?\u003c/h2\u003e\u003cp\u003eThere are a number of sections that make up a business plan which covers every single part of the business. The more detailed the business plan, the easier it is for investors to validate their investment decisions and for the entrepreneur to execute their ideas.\u003c/p\u003e\u003cp\u003eLet us look at each of the sections in a traditional business plan sample.\u003c/p\u003e\u003ch3\u003eBusiness Summary\u003c/h3\u003e\u003cp\u003eThis section provides an overview of the business. It usually includes\u003c/p\u003e\u003cul\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eMission and Vision Statement\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eAbout the Company\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eGoals of the company\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eCompany’s differentiators\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eTechnologies Used\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eFinancial charts\u003c/li\u003e\u003c/ul\u003e\u003cp\u003eSometimes, a few of the above topics will be discussed in detail in the other sections of the free \u003ca href=\"https://www.growthink.com/businessplan/help-center/key-components-business-plan-part-ii\"\u003ebusiness plan template\u003c/a\u003e.\u003c/p\u003e\u003ch3\u003eCompany Description\u003c/h3\u003e\u003cp\u003eProvide detailed information about your company. What are the specific business problems that you aim to solve? How are you better suited to handle them? What are the specific skill sets that your company possesses? Do you have the right location for your physical store? If you are planning to set up an online store, do you plan to outsource the development or do you have an in-house team of developers?\u003c/p\u003e\u003ch3\u003eMarket Analysis\u003c/h3\u003e\u003cp\u003eThe next step is to present information about the market that you are targeting. You cannot sell ice to an Eskimo. In the same way, the products and services that you offer to your potential customers should be relevant to what they are looking for.\u003c/p\u003e\u003cp\u003eYou can include the following in this section:\u003c/p\u003e\u003cul\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eMarket size\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003ePopulation in the market\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eWhat products/services would they be interested in?\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eMarket trends\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eCompetitor’s market shares\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eWhy would they be interested in your products?\u003c/li\u003e\u003c/ul\u003e\u003ch3\u003eCompany Structure\u003c/h3\u003e\u003cp\u003eThis section will give ideas about the company’s structure, leaders in the organization, hierarchy, and so on. It should also spell out the\u003ca href=\"https://www.legalzoom.com/articles/which-business-structure-is-right-for-my-business\"\u003e legal structure of your business\u003c/a\u003e. The company structure should also mention how the unique experience of each of your employees will add to the success of the organization.\u003c/p\u003e\u003ch3\u003eProducts and Services\u003c/h3\u003e\u003cp\u003eHere, you need to mention the products and services that you plan to offer. It should explain how it will help the end consumer. Share points related to intellectual property, copyright, patent filings, and other relevant documents. If there is ongoing research related to your offerings, mention that as well. It will increase the validity of your business plan.\u003c/p\u003e\u003ch3\u003eFunding\u003c/h3\u003e\u003cp\u003eIn this section, you need to showcase the funding details. Money runs businesses. If you do not have enough funding, it will not be possible to pay vendors, employees, suppliers, etc. You should also give an idea of how much funding you will require for the next 2 or 3 years. If there is a source of funding for the future, you might want to disclose that as well.\u003c/p\u003e\u003ch3\u003eCompetitive Landscape\u003c/h3\u003e\u003cp\u003eFind out who the top competitors in your niche are. Try to gather as much intelligence as possible about how they go about their business. Why should your target customers leave your competitors and buy from you? By doing a competitive analysis, you can get an answer for this.\u003c/p\u003e\u003ch3\u003eTarget market\u003c/h3\u003e\u003cp\u003eWhat does your most ideal customer look like? Without this piece of information, your whole marketing plan will go kaput. You will be targeting even people who will never be your customers. You need to segment your customers based on demographic and psychographic factors.\u003c/p\u003e\u003cp\u003eBuild buyer personas to find your ideal customers and it will also help you get an idea of the reasons behind targeting them. Your marketing strategies will be more refined once you know your buyer personas. Every business will have at least 3 to 7 buyer personas and creating personalized content for each of them should be one of your core marketing activities.\u003c/p\u003e\u003ch3\u003eMarketing activities\u003c/h3\u003e\u003cp\u003eNo matter how good a product you have, you cannot sell it if people don’t know that it exists in the first place. Marketing campaigns are so important to your business’ success. While there is no hard and fast rule in marketing as it is quite dynamic, you need to present an outline of the strategies that you plan to implement. A marketing strategy template should be a separate article as there are a number of variables in it.\u003c/p\u003e\u003ch2 id=\"section3\"\u003eHow to do market research for a business plan\u003c/h2\u003e\u003cp\u003eYou need to be specific about what you need to know when conducting a market research survey. The data that you gather from market research can be used for a number of purposes. It depends on the kind of objectives you have.\u003c/p\u003e\u003cul\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eIs it to ask what people think about your product?\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eDo you want to know more about your target audience to refine their details?\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eWould you like to know about the channels that they frequent?\u003c/li\u003e\u003cli style=\"font-weight:400;\" aria-level=\"1\"\u003eAre you looking to understand the reasons behind why they chose your competitors?\u003c/li\u003e\u003c/ul\u003e\u003cp\u003eInsights from any of the above objectives will bring you closer to achieving your goals. You need to choose the right marketing tool to get the answers that you are looking for.\u003c/p\u003e\u003cp\u003e\u003ca href=\"https://surveysparrow.com/\"\u003eSurveySparrow\u003c/a\u003e is a powerful online survey tool that lets you ask a variety of questions using a number of attractive features.\u003c/p\u003e\u003cp\u003eHere’s how to use SurveySparrow to conduct market research for your business plan:\u003c/p\u003e\u003ch3\u003eDesign your survey\u003c/h3\u003e\u003cp\u003eThe first step is to design an attractive survey. It involves choosing the right questions and question types. If you want to understand more about your market, then you need to ask the respondents questions about their expectations from a product similar to yours, why they choose that particular product, what are the functionalities they use the most in that particular market, and so on.\u003c/p\u003e\u003cp\u003eDo remember that the longer the survey, the chances of a less number of responses are there. Break the surveys into multiple sections so that it is easy for the respondent to finish the survey.\u003c/p\u003e\u003ch3\u003eTest your surveys\u003c/h3\u003e\u003cp\u003eBefore you send the survey to the audience, ensure that there are no technical hiccups. Proofread the questions. Try to understand the relevance of each question in the survey. Do remember that your objective is to understand more about the market. So ask yourself this — ”Are the questions relevant to the objective of the survey?” If not, immediately discard them.\u003c/p\u003e\u003cp\u003eMake sure you are leveraging all the advanced features of the online survey tool. Test the survey internally and see how the results pan out. Once you are sure that the surveys can be presented to your audience, send them to your audience.\u003c/p\u003e\u003ch3\u003eSurvey Analysis\u003c/h3\u003e\u003cp\u003eOnce you have all the answers to your survey questions, you will be able to see the results in an attractive dashboard. The insights gathered from the tool will help you make a powerful business plan. SurveySparrow offers a variety of visually appealing ways in which you can view the results. Every insight that you gather from your prospective customer base should be considered in your business plan.\u003c/p\u003e\u003ch3\u003eAdd the feedback to the business plan\u003c/h3\u003e\u003cp\u003eThe next step is all about considering the insights gathered from the market research survey into your business plan example. It will add more credence to your plan as the data gathered is that of your prospective employees. They can also be used for sales projections, inventory estimation, and so on.\u003c/p\u003e\u003ch2\u003eWrapping up\u003c/h2\u003e\u003cp\u003eA business plan is the first step towards building a successful enterprise. There are a lot of risks involved with starting a business. You need to be careful of each step that you take and consider every single variable, starting from funding required to operational planning examples. Taking the right steps will help your business grow, but even a minor tactical oversight can result in losses.\u003c/p\u003e\u003cp\u003eFor those who are looking to start their own business, the above article will be really helpful. Some of the templates can be taken as business plan examples for students too, not just for professionals.\u003c/p\u003e\u003cp\u003eIf you are looking for an online survey tool that will help you draft irresistible business plans, check out SurveySparrow. When you are not sure about the kind of questions that you need to add to your business plans, you can even choose the business plan templates available with SurveySparrow. Get in touch with us to understand how we can help you create strategic business plans with our survey tool.\u003c/p\u003e"])</script><script>self.__next_f.push([1,"31:{\"data\":null}\n33:{\"data\":null}\n32:{\"id\":654,\"exitPopup\":false,\"exitPopupTitle\":null,\"exitPopupLeftTitle\":null,\"exitPopupImage\":\"$33\"}\n34:{\"id\":654,\"enableBlogPopup\":true,\"blogPopUpTitle\":\"Conduct Market Research with Conversational Surveys!\",\"blogPopUpSubTitle\":\"Conversational surveys boost completion rates by 40% and create pleasant experiences\"}\n35:[]\n39:{\"name\":\"Best Of\"}\n38:{\"id\":1,\"attributes\":\"$39\"}\n3b:{\"name\":\"Business\"}\n3a:{\"id\":5,\"attributes\":\"$3b\"}\n37:[\"$38\",\"$3a\"]\n36:{\"data\":\"$37\"}\n3f:{\"data\":null}\n3e:{\"firstName\":\"Kate\",\"lastName\":\"Williams\",\"description\":\"\u003cp\u003eExcels in empowering visionary companies through storytelling and strategic go-to-market planning. 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class=\\\"sub-item\\\"\u003e \u003ca href=\\\"#section2\\\"\u003e \u003cdiv class=\\\"icon\\\"\u003e\u003c/div\u003e \u003cdiv class=\\\"text\\\"\u003eWhat to include?\u003c/div\u003e \u003c/a\u003e \u003c/li\u003e \u003cli class=\\\"sub-item\\\"\u003e \u003ca href=\\\"#section3\\\"\u003e \u003cdiv class=\\\"icon\\\"\u003e\u003c/div\u003e \u003cdiv class=\\\"text\\\"\u003eHow to conduct market research\u003c/div\u003e \u003c/a\u003e \u003c/li\u003e \u003c/ul\u003e \u003c/div\u003e\",\"convertSignupsToThrive\":false,\"readingTime\":\"13 min 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With extensive experience in product marketing and customer experience management, she is an accomplished author, podcast host, and mentor, sharing her expertise across diverse platforms and audiences.\u003c/p\u003e\",\"designation\":\"Product Marketing Manager at SurveySparrow\",\"profileOldImageUrl\":\"https://surveysparrow.com/wp-content/uploads/2020/07/Kate-100x100.jpg\",\"profilePicture\":{\"data\":null}}}},\"blogGuestAuthor\":{\"data\":null}}}]]}]}],[\"$\",\"div\",null,{\"className\":\"flex w-full flex-col xl:w-[70%]\",\"id\":\"blog-content\",\"children\":[[\"$\",\"div\",null,{\"id\":\"blog-rich-text-content\",\"className\":\"$25\",\"children\":[[\"$\",\"p\",\"0\",{\"children\":[\"Do you need some \",[\"$\",\"strong\",\"1\",{\"children\":\"business plan examples\"}],\" to come up with your own?\"]}],[\"$\",\"p\",\"1\",{\"children\":\"Every business needs a plan. If you want to build a thriving company, you need to invest in creating a business strategy. The business world is cruel, cut-throat, and incredibly competitive. You need to find out what you can offer to your customers and how best you can do that- and it requires a strategic business plan.\"}],[\"$\",\"blockquote\",\"2\",{\"children\":[\"$\",\"p\",null,{\"children\":\"“Without a plan, even the most brilliant business can get lost. You need to have goals, create milestones and have a strategy in place to set yourself up for success”- Yogi Berra.\"}]}],[\"$\",\"p\",\"3\",{\"children\":\"In this article, we’ll cover:\"}],[\"$\",\"p\",\"4\",{\"children\":[\"$\",\"a\",null,{\"href\":\"#section1\",\"children\":\"The best business plan examples and templates\"}]}],[\"$\",\"p\",\"5\",{\"children\":[\"$\",\"a\",null,{\"href\":\"#section2\",\"children\":\"Basic elements that make a good business plan\"}]}],[\"$\",\"p\",\"6\",{\"children\":[\"$\",\"a\",null,{\"href\":\"#section3\",\"children\":\"How to do market research for your business plan\"}]}],[\"$\",\"h2\",\"7\",{\"id\":\"section1\",\"children\":\"The 5 Best Free Business Plan Examples and Templates in 2022\"}],[\"$\",\"h3\",\"8\",{\"children\":\"1. The One-pager Plan\"}],[\"$\",\"p\",\"9\",{\"children\":\"Here is an example of a simple business plan that will take only one page. A one-page plan will be easier to share with others and have less information for those who don’t have the time to pore through the details. It will be a great thing to giveaway after an elevator pitch.\"}],[\"$\",\"p\",\"10\",{\"children\":\"It will include the following:\"}],[\"$\",\"ul\",\"11\",{\"children\":[[\"$\",\"li\",\"0\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Business Opportunity: What is the problem that you are solving?\"}],[\"$\",\"li\",\"1\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Team: Who are the different stakeholders involved in the company? Why are they the right person to build the brand?\"}],[\"$\",\"li\",\"2\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Target Market: Which is the area that you are targeting? Who are your ideal customers, buyer personas, and audience segments?\"}],[\"$\",\"li\",\"3\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Implementation timeline: When will the business be up and running? What are the resources that you will employ for that?\"}],[\"$\",\"li\",\"4\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Financial Summary: Where is the funding coming from? How much funding is required?\"}]]}],[\"$\",\"p\",\"12\",{\"children\":\"The above fields are enough to prepare a quick business plan example.\"}],[\"$\",\"h3\",\"13\",{\"children\":[\"$\",\"a\",null,{\"href\":\"https://www.bplans.com/downloads/business-plan-template/\",\"children\":\"2. Bplans Business Plan Example\"}]}],[\"$\",\"p\",\"14\",{\"children\":\"This one is a bit detailed in nature. Let’s go through it.\"}],[\"$\",\"p\",\"15\",{\"children\":[\"$\",\"i\",null,{\"children\":\"Executive Summary\"}]}],[\"$\",\"ol\",\"16\",{\"children\":[[\"$\",\"li\",\"0\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Problem Summary\"}],[\"$\",\"li\",\"1\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Solution Summary\"}],[\"$\",\"li\",\"2\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Market Summary\"}],[\"$\",\"li\",\"3\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Competition\"}],[\"$\",\"li\",\"4\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Overview\"}],[\"$\",\"li\",\"5\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Why Us?\"}]]}],[\"$\",\"p\",\"17\",{\"children\":[\"$\",\"i\",null,{\"children\":\"Expectations\"}]}],[\"$\",\"ol\",\"18\",{\"children\":[[\"$\",\"li\",\"0\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"2\",\"children\":\"Forecast\"}],[\"$\",\"li\",\"1\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"2\",\"children\":\"Financial Highlights by Year [chart]\"}],[\"$\",\"li\",\"2\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"2\",\"children\":\"Financing Needed\"}]]}],[\"$\",\"p\",\"19\",{\"children\":[\"$\",\"i\",null,{\"children\":\"Opportunity\"}]}],[\"$\",\"ol\",\"20\",{\"children\":[[\"$\",\"li\",\"0\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Problem \u0026 Solution\"}],[\"$\",\"li\",\"1\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Target Market\"}],[\"$\",\"li\",\"2\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Competition (Current Alternatives and Our Advantages)\"}]]}],[\"$\",\"p\",\"21\",{\"children\":[\"$\",\"i\",null,{\"children\":\"Execution\"}]}],[\"$\",\"ol\",\"22\",{\"children\":[[\"$\",\"li\",\"0\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Marketing \u0026 Sales Plan\"}],[\"$\",\"li\",\"1\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Operations (Locations \u0026 Facilities, Technology, and Equipment \u0026 Tools)\"}],[\"$\",\"li\",\"2\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Milestones \u0026 Metrics (Milestones Table and Key Metrics)\"}]]}],[\"$\",\"p\",\"23\",{\"children\":[\"$\",\"i\",null,{\"children\":\"Company\"}]}],[\"$\",\"ol\",\"24\",{\"children\":[[\"$\",\"li\",\"0\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Overview\"}],[\"$\",\"li\",\"1\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Team (Management Team and Advisors)\"}]]}],[\"$\",\"p\",\"25\",{\"children\":[\"$\",\"i\",null,{\"children\":\"Financial Plan\"}]}],[\"$\",\"ol\",\"26\",{\"children\":[[\"$\",\"li\",\"0\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Forecast (Key Assumptions, Revenue by Month [chart], Expenses by Month [chart], Net Profit (or Loss) by Year [chart])\"}],[\"$\",\"li\",\"1\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Financing (Use of Funds and Sources of Funds)\"}],[\"$\",\"li\",\"2\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Statements (Projected Profit \u0026 Loss, Projected Balance Sheet, and Projected Cash Flow Statement)\"}]]}],[\"$\",\"p\",\"27\",{\"children\":[\"$\",\"i\",null,{\"children\":\"Appendix\"}]}],[\"$\",\"ol\",\"28\",{\"children\":[[\"$\",\"li\",\"0\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Monthly Financial Forecasts\"}],[\"$\",\"li\",\"1\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Additional Documentation\"}]]}],[\"$\",\"p\",\"29\",{\"children\":\"Elaborating on each of the above points gives you enough fodder to make someone on the other side understand your business as well as enough firepower to get started on implementing each of the sections.\"}],[\"$\",\"h3\",\"30\",{\"children\":[\"$\",\"a\",null,{\"href\":\"https://offers.hubspot.com/business-plan-template?hubs_post-cta=anchor\u0026hsCtaTracking=e9d2eacb-6b01-423a-bf7a-19d42ba77eaa%7C7db1bdbb-6641-41a9-be99-237a56545181\",\"children\":\"3. HubSpot’s Business Plan Template\"}]}],[\"$\",\"p\",\"31\",{\"children\":\"This is also a comprehensive template that can be used to create a business plan from scratch. Once you have added content to all the fields in this business plan example, you can share it with your investors and stakeholders.\"}],[\"$\",\"h4\",\"32\",{\"children\":\"Executive Summary\"}],[\"$\",\"p\",\"33\",{\"children\":\"You can add a one or two-page overview of the business here. The executive summary should include a mission statement, company history, leadership model, competitive advantage, financial projections, and company goals.\"}],[\"$\",\"h4\",\"34\",{\"children\":\"Company and Business Description\"}],[\"$\",\"p\",\"35\",{\"children\":\"In this section, you can provide a description of your business, describe the products and services you will be offering, talk about your target market, and why your business plan will work. Describe your mission and vision statement, core values, team, and organization structure.\"}],[\"$\",\"h4\",\"36\",{\"children\":\"Products and Services\"}],[\"$\",\"p\",\"37\",{\"children\":\"Talk about your product and service offerings. Mention your pricing structure as well.\"}],[\"$\",\"h4\",\"38\",{\"children\":\"Market Analysis\"}],[\"$\",\"p\",\"39\",{\"children\":\"Share details about the market that you are targeting and talk about the reason behind doing so. Highlight the demographics and psychographics, including the size of your addressable market. Also, talk about your buyer personas and a competitive analysis report.\"}],[\"$\",\"h4\",\"40\",{\"children\":\"Marketing and Sales Plan\"}],[\"$\",\"p\",\"41\",{\"children\":\"You can talk about your positioning strategy, the acquisition channels you plan to use, including the tools and technologies.\"}],[\"$\",\"p\",\"42\",{\"children\":[\"Explain how you intend to get leads. What does your inbound and \",[\"$\",\"a\",\"1\",{\"href\":\" https://www.artisan.co/blog/outbound-sales-software\",\"target\":\"_blank\",\"rel\":\"noopener noreferrer\",\"children\":\"outbound sales\"}],\" strategy look like? What are the different channels that you will be using?\"]}],[\"$\",\"h4\",\"43\",{\"children\":\"Legal Notes\"}],[\"$\",\"p\",\"44\",{\"children\":\"What type of legal structure do you plan to follow? List out the legal considerations that you plan to keep in mind to operate smoothly.\"}],[\"$\",\"h4\",\"45\",{\"children\":\"Financial Considerations\"}],[\"$\",\"p\",\"46\",{\"children\":\"No matter how good a product you have, if you do not possess the funding to run the business, then it will surely go belly up. You should have a solid financial strategy in place.\"}],[\"$\",\"p\",\"47\",{\"children\":\"You can use the executive summary example business plan link to get a detailed understanding of the business plan.\"}],[\"$\",\"h3\",\"48\",{\"children\":[\"$\",\"a\",null,{\"href\":\"https://www.sba.gov/business-guide/plan-your-business/write-your-business-plan\",\"children\":\"4. US Small Business Administration (SBA) Business Plan Example\"}]}],[\"$\",\"p\",\"49\",{\"children\":\"If you take a look at Andrew’s business plan by using the link, you will find a comprehensive plan for ‘Wooden Grain Toy Company.’ The company manufactures high-quality toys that are made from solid hardwoods. The target audience for the toys are adults who are in a position to buy for the kids.\"}],[\"$\",\"p\",\"50\",{\"children\":\"The business plan (for which the link has been provided) contains a detailed description of the customers, competitive advantages, the regulations that they are supposed to follow, product lifecycle, pricing structure, and so on. It also talks about how they plan to conduct research and development for the company. The example of a marketing plan that they have in place is also described in the business plan document.\"}],[\"$\",\"h3\",\"51\",{\"children\":[\"$\",\"a\",null,{\"href\":\"https://www.sba.gov/business-guide/plan-your-business/write-your-business-plan\",\"children\":\"5. US SBA Service Business Plan Example\"}]}],[\"$\",\"p\",\"52\",{\"children\":\"In the previous example, we considered a business plan example for a product-based company. Here, we consider a consulting company called ‘We Can Do It Consulting.’ The services include office management and business process reengineering.\"}],[\"$\",\"p\",\"53\",{\"children\":\"In this business plan example, the service company we are considering aims to provide services to business owners, CEOs, HR directors, product managers, presidents who are looking to increase their productivity and reduce overhead expenses.\"}],[\"$\",\"p\",\"54\",{\"children\":\"The business plan example also talks about their requirements for the future. It mentions the list of services that they offer, in detail. They mention their pricing structure based on the hourly charges of each of the professionals such as Account Executive, Project Manager, Business Analyst, Process Analyst, and so on.\"}],[\"$\",\"p\",\"55\",{\"children\":\"It also talks about their efforts in R\u0026D. They plan to create custom technology for manufacturers of vehicles. The service company is also intent on finding trends in software solutions to provide competitive automated services to create a niche for themselves in the industry. This is a good example of a business plan PDF that you can use as a template.\"}],[\"$\",\"div\",null,{\"className\":\"my-10\",\"children\":[[\"$\",\"p\",null,{\"className\":\"!font-poppins !mb-6 text-center !text-2xl !font-semibold text-black\",\"children\":\"Try our business plan template to test the conversational experience!\"}],[\"$\",\"$L26\",null,{\"children\":[[\"$\",\"$L27\",null,{\"className\":\"w-full\",\"children\":[\"$\",\"div\",null,{\"className\":\"relative z-[9] mx-auto flex size-auto w-full max-w-2xl cursor-pointer items-end rounded-2xl border-4 border-neutral-100 bg-white p-2 max-xl:aspect-[7/5] lg:h-[429px] lg:w-[666px]\",\"children\":[[\"$\",\"div\",null,{\"className\":\"absolute bottom-0 left-0 right-0 top-0 m-auto flex flex-col items-center justify-center rounded-xl opacity-0 transition-all duration-300 ease-in-out hover:bg-black/50 hover:opacity-90\",\"children\":[[\"$\",\"$L21\",null,{\"src\":\"https://static.surveysparrow.com/site/assets/template-inner-redesign/icon-preview.svg\",\"className\":\"mb-1\",\"width\":32,\"height\":32,\"alt\":\"preview icon\"}],[\"$\",\"p\",null,{\"className\":\"!my-0 !text-base !text-white\",\"children\":\"Preview Template\"}]]}],[\"$\",\"$L21\",null,{\"src\":\" https://surveysparrow.com/wp-content/uploads/2021/05/business-plan-questionnaire.png \",\"width\":666,\"height\":429,\"className\":\"!my-0 size-full rounded-lg xl:aspect-[3/2]\",\"alt\":\"Try our business plan template to test the conversational experience!\",\"title\":\"Try our business plan template to test the conversational experience!\"}]]}]}],[\"$\",\"$L28\",null,{\"className\":\"min-h-full w-full\",\"children\":[[\"$\",\"div\",null,{\"className\":\"flex items-center justify-end\",\"children\":[\"$\",\"$L29\",null,{\"className\":\"absolute right-3 top-3 z-50\",\"children\":[\"$\",\"svg\",null,{\"width\":\"23\",\"height\":\"23\",\"viewBox\":\"0 0 23 23\",\"fill\":\"none\",\"xmlns\":\"http://www.w3.org/2000/svg\",\"children\":[[\"$\",\"circle\",null,{\"cx\":\"11.3657\",\"cy\":\"11.3657\",\"r\":\"11.3657\",\"fill\":\"#000\",\"className\":\"\"}],[\"$\",\"path\",null,{\"d\":\"$2a\",\"fill\":\"white\"}]]}]}]}],[\"$\",\"section\",null,{\"className\":\"font-poppins\",\"children\":[\"$\",\"div\",null,{\"className\":\"container max-sm:px-0\",\"children\":[\"$\",\"div\",null,{\"className\":\"flex !h-100dvh h-screen w-full flex-col items-center justify-start sm:justify-center lg:flex-row\",\"children\":[[\"$\",\"div\",null,{\"className\":\"h-[90%] w-full\",\"children\":[\"$\",\"$L2b\",null,{\"data\":{\"title\":\"Try our business plan template to test the conversational experience!\",\"templateLink\":\"https://sprw.io/stt-46bbbc\",\"templateId\":\"138272\",\"slug\":\"business-plan-examples\"}}]}],[\"$\",\"div\",null,{\"className\":\"z-[1] flex px-2.5 max-md:animate-[fadeInUp_700ms_ease-in-out] max-sm:-mt-5 max-sm:w-full max-sm:justify-center max-sm:rounded-t-[20px] max-sm:bg-white max-sm:pb-6 max-sm:pt-5 sm:h-full sm:basis-[30%] lg:border-l\",\"children\":[\"$\",\"div\",null,{\"className\":\"max-sm:w-[90%] sm:my-10 lg:my-auto lg:pl-8\",\"children\":[[\"$\",\"h2\",null,{\"className\":\"mb-[18px] hidden text-center text-3xl font-bold !leading-normal text-black sm:block lg:text-2xl\",\"children\":[\"Try our business plan template to test the conversational experience!\",\"$undefined\"]}],[\"$\",\"$L2c\",null,{\"data\":\"$2d\",\"classname\":\"text-base font-normal leading-7 mx-auto\"}]]}]}]]}]}]}]]}]]}],[\"$\",\"$L2c\",null,{\"data\":\"$2d\",\"classname\":\"text-base md:text-xl mx-auto mt-6 !rounded-full font-semibold py-5 px-6\"}]]}],[\"$\",\"h2\",\"57\",{\"id\":\"section2\",\"children\":\"What does a good business plan include?\"}],[\"$\",\"p\",\"58\",{\"children\":\"There are a number of sections that make up a business plan which covers every single part of the business. The more detailed the business plan, the easier it is for investors to validate their investment decisions and for the entrepreneur to execute their ideas.\"}],[\"$\",\"p\",\"59\",{\"children\":\"Let us look at each of the sections in a traditional business plan sample.\"}],[\"$\",\"h3\",\"60\",{\"children\":\"Business Summary\"}],[\"$\",\"p\",\"61\",{\"children\":\"This section provides an overview of the business. It usually includes\"}],[\"$\",\"ul\",\"62\",{\"children\":[[\"$\",\"li\",\"0\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Mission and Vision Statement\"}],[\"$\",\"li\",\"1\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"About the Company\"}],[\"$\",\"li\",\"2\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Goals of the company\"}],[\"$\",\"li\",\"3\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Company’s differentiators\"}],[\"$\",\"li\",\"4\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Technologies Used\"}],[\"$\",\"li\",\"5\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Financial charts\"}]]}],[\"$\",\"p\",\"63\",{\"children\":[\"Sometimes, a few of the above topics will be discussed in detail in the other sections of the free \",[\"$\",\"a\",\"1\",{\"href\":\"https://www.growthink.com/businessplan/help-center/key-components-business-plan-part-ii\",\"children\":\"business plan template\"}],\".\"]}],[\"$\",\"h3\",\"64\",{\"children\":\"Company Description\"}],[\"$\",\"p\",\"65\",{\"children\":\"Provide detailed information about your company. What are the specific business problems that you aim to solve? How are you better suited to handle them? What are the specific skill sets that your company possesses? Do you have the right location for your physical store? If you are planning to set up an online store, do you plan to outsource the development or do you have an in-house team of developers?\"}],[\"$\",\"h3\",\"66\",{\"children\":\"Market Analysis\"}],[\"$\",\"p\",\"67\",{\"children\":\"The next step is to present information about the market that you are targeting. You cannot sell ice to an Eskimo. In the same way, the products and services that you offer to your potential customers should be relevant to what they are looking for.\"}],[\"$\",\"p\",\"68\",{\"children\":\"You can include the following in this section:\"}],[\"$\",\"ul\",\"69\",{\"children\":[[\"$\",\"li\",\"0\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Market size\"}],[\"$\",\"li\",\"1\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Population in the market\"}],[\"$\",\"li\",\"2\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"What products/services would they be interested in?\"}],[\"$\",\"li\",\"3\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Market trends\"}],[\"$\",\"li\",\"4\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Competitor’s market shares\"}],[\"$\",\"li\",\"5\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Why would they be interested in your products?\"}]]}],[\"$\",\"h3\",\"70\",{\"children\":\"Company Structure\"}],[\"$\",\"p\",\"71\",{\"children\":[\"This section will give ideas about the company’s structure, leaders in the organization, hierarchy, and so on. It should also spell out the\",[\"$\",\"a\",\"1\",{\"href\":\"https://www.legalzoom.com/articles/which-business-structure-is-right-for-my-business\",\"children\":\" legal structure of your business\"}],\". The company structure should also mention how the unique experience of each of your employees will add to the success of the organization.\"]}],[\"$\",\"h3\",\"72\",{\"children\":\"Products and Services\"}],[\"$\",\"p\",\"73\",{\"children\":\"Here, you need to mention the products and services that you plan to offer. It should explain how it will help the end consumer. Share points related to intellectual property, copyright, patent filings, and other relevant documents. If there is ongoing research related to your offerings, mention that as well. It will increase the validity of your business plan.\"}],[\"$\",\"h3\",\"74\",{\"children\":\"Funding\"}],[\"$\",\"p\",\"75\",{\"children\":\"In this section, you need to showcase the funding details. Money runs businesses. If you do not have enough funding, it will not be possible to pay vendors, employees, suppliers, etc. You should also give an idea of how much funding you will require for the next 2 or 3 years. If there is a source of funding for the future, you might want to disclose that as well.\"}],[\"$\",\"h3\",\"76\",{\"children\":\"Competitive Landscape\"}],[\"$\",\"p\",\"77\",{\"children\":\"Find out who the top competitors in your niche are. Try to gather as much intelligence as possible about how they go about their business. Why should your target customers leave your competitors and buy from you? By doing a competitive analysis, you can get an answer for this.\"}],[\"$\",\"h3\",\"78\",{\"children\":\"Target market\"}],[\"$\",\"p\",\"79\",{\"children\":\"What does your most ideal customer look like? Without this piece of information, your whole marketing plan will go kaput. You will be targeting even people who will never be your customers. You need to segment your customers based on demographic and psychographic factors.\"}],[\"$\",\"p\",\"80\",{\"children\":\"Build buyer personas to find your ideal customers and it will also help you get an idea of the reasons behind targeting them. Your marketing strategies will be more refined once you know your buyer personas. Every business will have at least 3 to 7 buyer personas and creating personalized content for each of them should be one of your core marketing activities.\"}],[\"$\",\"h3\",\"81\",{\"children\":\"Marketing activities\"}],[\"$\",\"p\",\"82\",{\"children\":\"No matter how good a product you have, you cannot sell it if people don’t know that it exists in the first place. Marketing campaigns are so important to your business’ success. While there is no hard and fast rule in marketing as it is quite dynamic, you need to present an outline of the strategies that you plan to implement. A marketing strategy template should be a separate article as there are a number of variables in it.\"}],[\"$\",\"h2\",\"83\",{\"id\":\"section3\",\"children\":\"How to do market research for a business plan\"}],[\"$\",\"p\",\"84\",{\"children\":\"You need to be specific about what you need to know when conducting a market research survey. The data that you gather from market research can be used for a number of purposes. It depends on the kind of objectives you have.\"}],[\"$\",\"ul\",\"85\",{\"children\":[[\"$\",\"li\",\"0\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Is it to ask what people think about your product?\"}],[\"$\",\"li\",\"1\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Do you want to know more about your target audience to refine their details?\"}],[\"$\",\"li\",\"2\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Would you like to know about the channels that they frequent?\"}],[\"$\",\"li\",\"3\",{\"style\":{\"fontWeight\":\"400\"},\"aria-level\":\"1\",\"children\":\"Are you looking to understand the reasons behind why they chose your competitors?\"}]]}],[\"$\",\"p\",\"86\",{\"children\":\"Insights from any of the above objectives will bring you closer to achieving your goals. You need to choose the right marketing tool to get the answers that you are looking for.\"}],[\"$\",\"p\",\"87\",{\"children\":[[\"$\",\"a\",\"0\",{\"href\":\"https://surveysparrow.com/\",\"children\":\"SurveySparrow\"}],\" is a powerful online survey tool that lets you ask a variety of questions using a number of attractive features.\"]}],[\"$\",\"p\",\"88\",{\"children\":\"Here’s how to use SurveySparrow to conduct market research for your business plan:\"}],[\"$\",\"h3\",\"89\",{\"children\":\"Design your survey\"}],[\"$\",\"p\",\"90\",{\"children\":\"The first step is to design an attractive survey. It involves choosing the right questions and question types. If you want to understand more about your market, then you need to ask the respondents questions about their expectations from a product similar to yours, why they choose that particular product, what are the functionalities they use the most in that particular market, and so on.\"}],[\"$\",\"p\",\"91\",{\"children\":\"Do remember that the longer the survey, the chances of a less number of responses are there. Break the surveys into multiple sections so that it is easy for the respondent to finish the survey.\"}],[\"$\",\"h3\",\"92\",{\"children\":\"Test your surveys\"}],[\"$\",\"p\",\"93\",{\"children\":\"Before you send the survey to the audience, ensure that there are no technical hiccups. Proofread the questions. Try to understand the relevance of each question in the survey. Do remember that your objective is to understand more about the market. So ask yourself this — ”Are the questions relevant to the objective of the survey?” If not, immediately discard them.\"}],[\"$\",\"p\",\"94\",{\"children\":\"Make sure you are leveraging all the advanced features of the online survey tool. Test the survey internally and see how the results pan out. Once you are sure that the surveys can be presented to your audience, send them to your audience.\"}],[\"$\",\"h3\",\"95\",{\"children\":\"Survey Analysis\"}],[\"$\",\"p\",\"96\",{\"children\":\"Once you have all the answers to your survey questions, you will be able to see the results in an attractive dashboard. The insights gathered from the tool will help you make a powerful business plan. SurveySparrow offers a variety of visually appealing ways in which you can view the results. Every insight that you gather from your prospective customer base should be considered in your business plan.\"}],[\"$\",\"h3\",\"97\",{\"children\":\"Add the feedback to the business plan\"}],[\"$\",\"p\",\"98\",{\"children\":\"The next step is all about considering the insights gathered from the market research survey into your business plan example. It will add more credence to your plan as the data gathered is that of your prospective employees. They can also be used for sales projections, inventory estimation, and so on.\"}],[\"$\",\"h2\",\"99\",{\"children\":\"Wrapping up\"}],[\"$\",\"p\",\"100\",{\"children\":\"A business plan is the first step towards building a successful enterprise. There are a lot of risks involved with starting a business. You need to be careful of each step that you take and consider every single variable, starting from funding required to operational planning examples. Taking the right steps will help your business grow, but even a minor tactical oversight can result in losses.\"}],[\"$\",\"p\",\"101\",{\"children\":\"For those who are looking to start their own business, the above article will be really helpful. Some of the templates can be taken as business plan examples for students too, not just for professionals.\"}],[\"$\",\"p\",\"102\",{\"children\":\"If you are looking for an online survey tool that will help you draft irresistible business plans, check out SurveySparrow. When you are not sure about the kind of questions that you need to add to your business plans, you can even choose the business plan templates available with SurveySparrow. 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