There are several advantages of a business plan template. It's designed to be very user friendly for getting financing and funding to start your business. It also provides direction and strategy, keeps employees on track and helps avoid costly mistakes later.
Adjust the Financials _ Before you do any writing, work on the financials to make them consistent with your plans. Enter your startup costs (after you have researched them) cost of goods sold, operating expenses, and revenue projections. The financial model with the template should help by automatically updating the financial statements of the plan based on the changes in these basic drivers. Check that the financial results (profit, return to investors, and cash reserves on hand) are appropriate for your business before moving on to the next step.