The website also breaks down each section and provides instructions on how to download and fill in the template.
Bplans' investor-approved business plan template has been used by Princeton University and Babson College to teach entrepreneurs how to start a business.
If you're starting a new business then you should detail the costs you'll incur while starting up before the day to day operations commence.
For most businesses, this is the amount they'll need initial funding for to begin trading.
Your financial plans should contain enough detail (i.e., monthly) for the first year then quarterly or yearly for the following two years.
You should include a profit and loss account, a cash flow forecast and Balance Sheet and even a break-even analysis.
There are two for preparing the narrative of your plan (One for a startup business and the other for an existing business) and a cash flow template.
These free business plan templates can help you quickly write a business plan.
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.