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If you want to add a new section so that the Table of Contents updates correctly, just add a new heading in the body of the document and assign it the Heading 1 or Heading 2 style.To update the Table of Contents, go to the References tab and within the Table of Contents group of buttons, click on Update Table and then "Update entire table." For simple tables, you can use Copy/Paste (Ctrl c / Ctrl v) to copy a table from Excel to Word.Important: When you paste a chart object into your business plan, make sure to "Paste as a Picture" because pasting the chart as an embedded object means that the entire spreadsheet becomes embedded in your Word document (even though what you see is only the chart).
It can also help to convince customers, suppliers and potential employees to support you.
One of the reasons that so many small businesses fail is that they don't do the necessary up front work to create an accurate and realistic business plan.
Instead, our goal is to make the process easier by providing a professionally designed business plan template that you can edit easily using Word and Excel.
Update (7/22/2016): We've added a basic break-even analysis worksheet to the companion Excel workbook.
The purpose of the competitive analysis is to determine the strengths and weaknesses of the competitors within your market, strategies that will provide you with a distinct advantage, the barriers that can be developed in order to prevent competition from entering your market, and any weaknesses that can be exploited within the product development cycle.
The purpose of the design and development plan section is to provide investors with a description of the product's design, chart its development within the context of production, marketing and the company itself, and create a development budget that will enable the company to reach its goals.
A business plan helps you to: You’ll need a business plan if you want to secure investment or a loan from a bank.
Read about the finance options available for businesses on the Business Finance Guide website.
A business plan is a written document that describes your business.
It covers objectives, strategies, sales, marketing and financial forecasts.