This is where you detail your understanding of the market. Define your target market, understand their needs, and estimate the market size. You’ll also want to identify your competitors and how you differentiate from them.
- Target Market
- Market Needs
- Market Size
- Competitive Analysis
6.Organizational Structure and Team
This section outlines your business’s organizational structure and introduces key team members. You may include an organizational chart and brief bios of the management team, advisors, and any partners.
- Organizational Chart
- Team Bios
- Advisors and Partners
7.Product or Service
Here you provide an in-depth description of your product or service, along with any plans for research and development. If applicable, you might also describe your production plans here.
- Description of Product or Service
- Research and Development Plans
- Production Plans (if applicable)
8.Sales and Marketing Plan
This part details how you intend to attract customers and generate sales. Discuss your pricing strategy, how you plan to promote your business, and through which sales channels you’ll operate.
- Pricing Strategy
- Promotion Plan
- Sales Channels
In this section, you lay out the financial aspects of your business. This often includes start-up funding requirements, revenue projections, a cost analysis, and a break-even analysis to understand when you might start making a profit.
- Start-up Funding Requirements
- Revenue Projections
- Cost Analysis
- Break-even Analysis
This is a foundational template and you may need to add or remove sections based on your specific business needs. This template is conducive for editing on Google Docs, allowing for collaboration and online sharing, then you will know how to Make a Business Plan on Google Docs.