Free Business Plan Writing Resources from Centro Community
Centro Community Partners (Centro) is a non-profit with a mission to help entrepreneurs start and grow their businesses. Centro Community provides the following free resources:
Why and when do you as an entrepreneur need to create a business plan?
As an entrepreneur, you've probably heard people says that a business plan is an essential step when starting or expanding your business. A business plan is a document that outlines your business model, helps you think through all aspects of your business, and communicates your idea to others, such as lenders, investors, and potential customers.
There are several reasons why creating a business plan is an important step. Firstly, it helps you and your team think through all aspects of your business, including your business model, marketing, operations, and finance. Secondly, it is an essential document when you want to secure funding, obtain a commercial lease, or get investors. A business plan demonstrates that you are reliable and helps you present your financial projections, start-up costs, and other essential information.
What does a business plan include?
Your business plan should include an introduction, executive summary, market analysis, what you are selling and why people want to buy it, differentiation from competitors, price, marketing, sales strategy, operations plan, finance, start-up cost, and personal finances. It's also important to include historical finances and 1-2 years of month-to-month financial projections if you're seeking a loan.
Tips for Writing a Business Plan
Research and analyze your market thoroughly.
Be clear and concise in your writing.
Use visuals to help illustrate your ideas.
Focus on the key aspects of your business and avoid getting bogged down in unnecessary details.
Be realistic in your financial projections.
Keep your audience in mind and tailor your business plan to their needs.
Revise and edit your plan several times to ensure its accuracy and effectiveness.
Two Free Ways that Centro Helps Build Your Business Plan1
1. Centro Business Planning App
Creating a business plan may seem like a daunting task, but Centro provides the free Centro Business Planning App that guides you through the process with simple questions and activities. The app helps you create your business plan, and you can review and edit some responses as needed. You can also use the app to review your business plan every year or when you need it, such as when you're asking for a loan.
2. Entrepreneurship Programs
In addition to the app, Centro offers instructor-led programs to support entrepreneurs in creating their business plans:
The Bootcamp is a 6 hours program to develop a basic business. It is designed to help entrepreneurs complete their business plan using Centro's app. During the Bootcamp, you'll receive expert guidance from Centro's experienced facilitators, who will help you understand each step of the app and answer any questions you have along the way. You'll also have the opportunity to connect with other entrepreneurs and share ideas and experiences.
The Bootcamp program is a great way to get started with Centro's app and create a strong foundation for your business plan. The program is available to anyone who wants to create a business plan using the app, regardless of their level of experience or industry.
The Basic Entrepreneurship Program is a comprehensive program to help entrepreneurs develop the skills and knowledge they need to start or grow their business. The program consists of six modules that cover the essential aspects of entrepreneurship, from developing a business model to creating a marketing strategy.
Each module includes a mix of instructional materials, exercises, and assignments, all of which are designed to be interactive and engaging. Entrepreneurs who complete the program will have a solid foundation in business management and be well-equipped to start or grow their businesses.
The BEP is a great option for entrepreneurs who want to deepen their knowledge of entrepreneurship and learn how to build a successful business. The program is self-paced and can be completed online, making it accessible to entrepreneurs with busy schedules.
The Advanced Entrepreneurship Program is designed to help entrepreneurs take their business to the next level. The program is designed for entrepreneurs who have already established a business and want to develop a more in-depth understanding of business strategy and execution.
The AEP includes a mix of instructional materials, exercises, and assignments that are designed to be interactive and engaging. Entrepreneurs who complete the program will have a strong understanding of business strategy, marketing, operations, and finance, and will be well-equipped to grow their business and take it to new heights. The program is self-paced and can be completed online, making it accessible to entrepreneurs with busy schedules.
In conclusion, creating a business plan is a crucial step for entrepreneurs. It helps you think through all aspects of your business and communicates your idea to others. With Centro's app and programs, you can create a comprehensive and reliable business plan that will help you achieve your business goals.