{"id":10934,"date":"2023-03-27T14:12:09","date_gmt":"2023-03-27T08:42:09","guid":{"rendered":"https:\/\/razorpay.com\/blog\/?p=10934"},"modified":"2025-03-05T09:43:09","modified_gmt":"2025-03-05T04:13:09","slug":"business-plan","status":"publish","type":"post","link":"https:\/\/razorpay.com\/blog\/business-banking\/business-plan\/","title":{"rendered":"How To Make a Comprehensive Business Plan + Editable Template"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69dba3844aa0b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69dba3844aa0b\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/business-plan\/#What_is_a_Business_Plan\" >What is a Business Plan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/business-plan\/#Why_Do_Startups_Need_a_Proper_Business_Plan\" >Why Do Startups Need a Proper Business Plan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/business-plan\/#Business_Plan_Format_Template\" >Business Plan Format &amp; Template<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/business-plan\/#How_To_Write_a_Good_Business_Plan\" >How To Write a Good Business Plan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/business-plan\/#Sample_Business_Plan\" >Sample Business Plan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/business-plan\/#FAQs\" >FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/business-plan\/#What_is_a_mission_statement_in_a_business_plan\" >What is a mission statement in a business plan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/business-plan\/#How_can_a_business_integrate_automation_into_its_business_plan\" >How can a business integrate automation into its business plan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/razorpay.com\/blog\/business-banking\/business-plan\/#What_are_the_different_types_of_business_plans_a_company_can_have\" >What are the different types of business plans a company can have?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_a_Business_Plan\"><\/span><b>What is a Business Plan?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A business plan is a written document that outlines the goals, strategies, and expected outcomes of a proposed business venture.<\/p>\n<p><span style=\"font-weight: 400;\">Usually, a copy of this written document will be provided to the employees of this company, so that every individual associated with the business can be aware of his or her part in the larger scheme of things.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The main target <\/span><span style=\"font-weight: 400;\">is to find out the best ways a company can generate increased revenue while maintaining a healthy working environment. With changing demands of time \u2013 like new client onboarding or business expansion \u2013 minute details of this plan remain subject to change.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Startups_Need_a_Proper_Business_Plan\"><\/span><b>Why Do Startups Need a Proper Business Plan?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The start-up sector in India faces a larger challenge due to its lack of collateral and assets. Small businesses do not get easy access to formal credit when compared to their blue-chip counterparts.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As they are often considered high-risk borrowers by traditional financial institutions, these companies often look at financing sources like <a href=\"https:\/\/razorpay.com\/blog\/what-is-invoice\/\">invoice <\/a>discounting for fundraising. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Speaking of leveraging accounts receivables, some of the leading fintech platforms in India can help small businesses. For instance, <\/span><a href=\"https:\/\/razorpay.com\/invoices\/\"><span style=\"font-weight: 400;\">RazorpayX invoices<\/span><\/a><span style=\"font-weight: 400;\"> help your start-up create adequate invoices and allow you to keep a track of unpaid bills.\u00a0\u00a0<\/span><\/p>\n<div style=\"text-align: center;\"><a style=\"border-radius: 3px; background: #528FF0; padding: 15px; font-weight: 600; cursor: pointer; text-decoration: none; color: white;\" href=\"https:\/\/razorpay.com\/x?r=blog_cta_business_banking_business_plan&amp;utm_source=blog&amp;utm_medium=cta\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Explore RazorpayX<\/a><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Business_Plan_Format_Template\"><\/span>Business Plan Format &amp; Template<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The format may vary depending on the specific needs and requirements of the intended audience, but typically includes the following sections:<\/p>\n<p><strong>Executive Summary<\/strong><\/p>\n<p>This section includes a high-level description of the company and what it does. It is of three to four paragraphs and includes details of the product or services offered, leadership and location.<\/p>\n<p><strong>Company Description<\/strong><\/p>\n<p>This section goes into deeper detail about the company. It includes the mission statement, legal and regulatory details, details of core management and more.<\/p>\n<p><strong>Market Research<\/strong><\/p>\n<p>In this section, you discuss all the research you did into the industry your business operates in. This may include a SWOT analysis, demand and supply research, customer demographic and competition analysis.<\/p>\n<p><strong>Products or Services<\/strong><\/p>\n<p>Here you may go into detail about the products and services your business offers &#8211; including pricing details, manufacturing, intellectual property and more.<\/p>\n<p><strong>Marketing and Sales Strategy<\/strong><\/p>\n<p>A detailed explanation of the different channels you plan on using to market your product or service, as well as future plans for <a href=\"https:\/\/razorpay.com\/learn\/what-are-the-differences-between-sales-and-marketing\/\">sales and marketing<\/a>.<\/p>\n<p><strong>Operations and Management<\/strong><\/p>\n<p>Here are the details of the top-level management and operational structure of your company.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p><strong>Financial Plan<\/strong><\/p>\n<p>This section is a breakdown of the revenues, expenses, profits and losses of your business. It may also include details of funding and other financial metrics pertaining to your business.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p><strong>Appendix or Supporting Documents<\/strong><\/p>\n<p>Any extra statistics, graphs, tables or information that will support your business plan can be attached here.<\/p>\n<p>Here is a downloadable template for a business plan that you can edit and customize for your business. Remember: this template is only a guide! Feel free to add or remove any sections you deem fit.<\/p>\n<div style=\"text-align: center;\"><a style=\"border-radius: 3px; background: #528FF0; padding: 15px; font-weight: 600; cursor: pointer; text-decoration: none; color: white;\" href=\"https:\/\/d6xcmfyh68wv8.cloudfront.net\/blog-content\/uploads\/2023\/01\/Business-Plan-Template.docx\" target=\"_blank\" rel=\"noopener nofollow\">Editable Business Plan Template<\/a><\/div>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_To_Write_a_Good_Business_Plan\"><\/span>How To Write a Good Business Plan?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Simple language<\/strong>: Make sure that your business plan is accessible to all stakeholders. If you do use technical jargon, make sure to include a glossary explaining all keywords.<\/li>\n<li><strong>Short paragraphs: <\/strong>Each heading should typically contain at least three paragraphs, but it is important to make sure that each paragraph is not more than two sentences long.<\/li>\n<li><strong>Statistics and numbers:\u00a0<\/strong>Whenever possible, try and include visual elements &#8211; financial projections on a graph, or actual pictures of your product or service.<\/li>\n<li><strong>Extensive research: <\/strong>Writing the actual business plan is only 10% of your work &#8211; the larger 90% is research and planning!<\/li>\n<li><strong>Customize your plan:\u00a0<\/strong>The need of every single business is different. Make sure your business plan is best-suited to your business &#8211; these tips and the template included in this blog are only guidelines!<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Sample_Business_Plan\"><\/span>Sample Business Plan<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Here is an example of a Business Plan made for MobileWash, a car washing service that offers convenient, on-demand car washing and detailing services.<\/p>\n<div style=\"text-align: center;\"><a style=\"border-radius: 3px; background: #528FF0; padding: 15px; font-weight: 600; cursor: pointer; text-decoration: none; color: white;\" href=\"https:\/\/d6xcmfyh68wv8.cloudfront.net\/blog-content\/uploads\/2023\/03\/MobileWash-Business-Plan-Template.pdf\" target=\"_blank\" rel=\"noopener nofollow\">Download Sample Business Plan<\/a><\/div>\n<p>&nbsp;<\/p>\n<p><b>How Can RazorpayX Help Indian Enterprises in Their Business Plan Management?<\/b><\/p>\n<p>Making and maintaining a business plan is no easy task &#8211; it requires months of planning and research, and constant monitoring your business&#8217;s performance over years.<\/p>\n<p>Unfortunately, business founders who are just getting started are drowning in mundane, repetitive tasks that take away a lot of their time.<\/p>\n<p>Repetitive tasks like payroll management, vendor management, coordinating with your CA and finance teams, OTP sharing, and more.<\/p>\n<p>With RazorpayX, you can now automate all those repetitive tasks and save yourself a ton of time that you can use to come up with a solid, unshakeable business plan!<\/p>\n<div style=\"text-align: center;\"><a style=\"border-radius: 3px; background: #528FF0; padding: 15px; font-weight: 600; cursor: pointer; text-decoration: none; color: white;\" href=\"https:\/\/razorpay.com\/x?r=blog_cta_business_banking_business_plan&amp;utm_source=blog&amp;utm_medium=cta\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Explore RazorpayX<\/a><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div id=\"rank-math-rich-snippet-wrapper\"><div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-1\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"What_is_a_mission_statement_in_a_business_plan\"><\/span>What is a mission statement in a business plan? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>A mission statement is a quintessential part of a company\u2019s business plan. This statement in general is written in a single paragraph in order to explain its core ideologies and purpose of existence. <\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-2\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"How_can_a_business_integrate_automation_into_its_business_plan\"><\/span>How can a business integrate automation into its business plan? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>To ensure an increased productivity of its human capital, a company utilise technologies such as machine learning and artificial intelligence [AI] to automate recurrent similar mundane tasks. <\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-3\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"What_are_the_different_types_of_business_plans_a_company_can_have\"><\/span>What are the different types of business plans a company can have? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p> Different categories of business plans include the following:<br \/>\nOperational Plan<br \/>\nTactical Plan<br \/>\nStrategic Plan<br \/>\nContingency Plan <\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>What is a Business Plan? A business plan is a written document that outlines the goals, strategies, and expected outcomes of a proposed business venture. Usually, a copy of this written document will be provided to the employees of this company, so that every individual associated with the business can be aware of his or<\/p>\n","protected":false},"author":106,"featured_media":11497,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[27],"tags":[411],"class_list":{"0":"post-10934","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business-banking","8":"tag-business-plan"},"_links":{"self":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/10934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/users\/106"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/comments?post=10934"}],"version-history":[{"count":3,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/10934\/revisions"}],"predecessor-version":[{"id":21248,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/10934\/revisions\/21248"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media\/11497"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media?parent=10934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/categories?post=10934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/tags?post=10934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}