"Downloadable business plans may have dated market prices, making the budget inaccurate.
If you're looking to get money from investors, you need a customized business plan with zero errors." Janil Jean, head of overseas operations at said that free templates offer limited customization (such as company name, some text, etc.) and are used by a ton of people, so chances are, if you are using that to secure funds, investors might be tired of seeing the same business plan format.
But there are cons with free business plan templates. Check out our best picks.] "The process of writing a business plan lets you personally find the kinks in your business and work them out.
Now, starting with an online template is a good start, but it needs to be reviewed and targeted to your market," said Attiyya Atkins, found of .
You can answer all of the questions using keywords and short phrases.
This template is used as the official business plan for the New York Start UP! The PDF business plan template was adapted from Rhonda Abrams' (The Planning Shop, 2010).If you're looking for information to help you choose the one that's right for you, use the questionnaire below to have our sister site, Buyer Zone, provide you with information from a variety of vendors for free: The Balance's business plan template is broken down into sections that will aid you in completing the best possible business plan, whether you are creating it for funding or strategy.According to the website, each section can be copied into Word, Excel or a similar word-processing app by simply copying and pasting the text.You'll find templates for general businesses as well as specific templates for restaurants, bakeries, hotels, startups, coffee shops and salons.Once you sign up for the free trial, you can customize it to fit your business needs by adding photos, pricing tables, videos and a theme that fits your branding.The template starts with an executive summary and then guides you through the other elements, including the financial plan, company overview and more.There's also a step-by-step guide for writing a business plan, and Bplans provides a library of sample business plans to ensure you're on the right track.The benefit of paying for business plan templates, or paying for having your business plan reviewed, is the accuracy of information and customization."Your audience gets thousands of applications per day.Business plans are used by entrepreneurs to secure funding for their business idea or by small business owners looking to refine their business strategy.Regardless of the purpose, having templates at the ready can be helpful.