young entrepreneurs business plan

MSU Extension 4-H Youth Entrepreneurship

Business plan template.

December 19, 2019 - Katherine Jamieson <[email protected]>

Fill in the blank business plan template to help young entrepreneurs explore:

• where and when  to set up their business
• who their potential customers are
• what is their competition
• how to market their product or service
• how much they should charge for their product or service
• how to create a business budget 

Business Plan Template 

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Tags: 4-h careers & entrepreneurship , 4-h youth entrepreneurship , business , careers & entrepreneurship

Katherine Jamieson [email protected]

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Start » strategy, the 9 business resources for young entrepreneurs.

Mentorship and guidance are invaluable for all entrepreneurs, but especially younger ones. Here are nine resources for entrepreneurs starting their journey in their earlier years.

Data shows that many teens are interested in running a business: 41% have considered starting a business as their career, and 69% of teens have a business idea but aren’t sure how to start. Here are nine resources that can make the process easier for young entrepreneurs.

Biz Kids is an online resource based on a television show that taught kids about business and money. The site provides videos and lesson plans teaching young entrepreneurs how to develop a business idea, market their product, and earn a profit.

When you sign up for Biz Kids’ newsletter, you’ll receive a free business planning guide. In addition, kids that need to learn more about managing money can sign up for a financial literacy course that will teach them the basics of budgeting, investing, and making money.

Kid Everest

Kid Everest is a crowdfunding platform for young entrepreneurs. The site started as a school project and has become a safe place for teens to find investment opportunities. Teens can launch a crowdfunding campaign or browse through blog posts and guides on finding their passion, creating SMART (specific, measurable, assignable, realistic and time-related) goals, and pitching their business idea.

[Read more: 7 Things Young Entrepreneurs Should Do to Improve Their Chances of Success ]

BUILD is an entrepreneurship program for underserved high school students in New York City, Boston, San Francisco Bay Area, and Washington, D.C. Entrepreneurship 1.0 is a year-long program that helps students develop the skills needed to start a business. Students learn how to develop their business idea, pitch investors, and run a business.

Beta Camp is a virtual enrichment program for kids ages 13 to 18. During the three-month program, students will attend a virtual workshop on Saturdays. They’ll get hands-on experience working on a team and building a real business. During the program, they’ll receive one-on-one mentorship opportunities and interact with like-minded peers.

If the three-month program is out of reach financially, you can also sign up for a live Masterclass . Students can learn how to build an app, find their purpose, or build a business while they’re still in high school.

Kid Everest is a crowdfunding platform for young entrepreneurs. The site started as a school project and has become a safe place for teens to find investment opportunities.

E-Seedling provides a week-long youth entrepreneurship camp that students can attend virtually or in person. This camp teaches the basics of starting a business, like writing a business plan, developing marketing strategies, and presenting a business idea. Anyone who’s interested can download a free excerpt from the Student Workbook to get a sense of what they’ll learn.

[Read more: Personality Traits Successful Entrepreneurs Have in Common ]

LaunchX gives young entrepreneurs the tools they need to launch a successful business. An in-person or virtual summer program allows students to learn from industry experts. Students will learn the entrepreneurial process, meet with mentors and instructors, and implement their ideas.

If you can’t attend the summer camp, you can buy the LaunchX workbook instead. This workbook also gives young entrepreneurs practical lessons on starting a business.

Young Entrepreneur Institute

The Young Entrepreneur Institute provides programs and tools to educate children and teens about entrepreneurship. Kids can attend day-long events to learn how to develop products, pitch their ideas, and interact with customers. Resources are also available for educators looking to incorporate these ideas into the classroom.

TeenLife provides enrichment opportunities for students in seventh through 12th grade. The organization's primary goal is to help teens succeed and have meaningful experiences outside the classroom.

They do this by providing events, summer programs, volunteer opportunities, and more. Though the organization isn’t focused solely on entrepreneurship, guides and programs are available for young entrepreneurs.

Acton Children’s Business Fairs

Acton Children’s Business Fairs are held in 412 cities across 17 different countries. During these one-day fairs, kids can launch their businesses and develop interpersonal and problem-solving skills. You can either search for a nearby fair or sign up to host your own .

[Read more: 10 Networking Groups for Entrepreneurs ]

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Free business plan generator.

Answer a few questions to take one of the first steps in creating your business plan; Use our AI features to enhance your plan

Our free business plan creator tool for young entrepreneurs will ask you a few questions about your business and then Rising Innovator will take that information and generate a downloadable PDF document.

A business plan is an essential document that outlines how you turn your dreams into reality — it’s a a step-by-step guide to growing your business.

You’ll be prompted to provide basic information about your company, your goals, details about your products and services, market research and strategy, and cash flow projections. Then it will compile your answers to the questions into a business plan document you can download and use to guide you as you build your business. Premium users can get help via our A.I. features, the option to download an editable Word doc, and more.

And if you need help, we provide tips and and examples to help you fill out the fields in each step. After you create your business plan, you can upgrade to access our advanced features. The business plan you create though is free to download and you can come back and revise it as often as you wish.

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New features for Premium Innovator users! You can take your business plan to the next level with these new features: • Artificial Intelligence (A.I.) assistance to complete your business plan. • Add your logo to your business plan. • Download your business plan as an editable Word doc. • More questions for your business plan. • A tool to estimate your income and expenses. • List and promote your business in our business directory .

You can try out the free version of the business plan generator, and upgrade after you get started to access these new, exciting features.

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Join our “Premium Innovator” membership program to get access the new features of the business plan generator (including A.I.), as well as access to our entrepreneur training modules, our personality assessment tool and ad-free browsing experience.

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20 business plan templates for budding entrepreneurs

Since the COVID-19 pandemic, more and more people have become drawn to entrepreneurship. That’s one major takeaway from global research carried out by Amway, which found 60% of individuals wanting to start a business in 2024 .

However, starting a business and getting that same business to thrive are two distinctly different things. 

This is certainly the story told by business success rates. Research has found that 20% of new businesses fail within two years, 45% within five years, and 65% within a decade.

These figures could worry you if you were considering becoming a business owner. It bears emphasis, though, that many variables play a part in whether a company makes it or breaks it.

Many corporate failures can be attributed to problems that could have been prevented (or at least reined in) with careful planning beforehand.

One analysis of hundreds of entrepreneurial ventures found…

• 42% of companies falter due to lacking a market
• 29% of businesses being dragged down by insufficient funding 
• 23% of businesses go under after failing to find the right staff
• 19% of companies being outcompeted 

So, putting together the right business plan can prove crucial.

This document will define your business, its goals, and how you intend to achieve them.

If this is starting to sound scarily technical, don’t worry. With the right template for your business plan, filling in all the required details can be much easier than you expect. There are many ready-made templates for you to choose from, too.

What should you put in your business plan?

Your business plan isn’t something you should just throw together at the start of your entrepreneurial journey and then discard as your business starts soaring.

It’s more like a blueprint — a ‘constitution’, you could say — that you should keep referring back to throughout your company’s lifespan. The plan isn’t just about getting your company off the ground — it’s about gearing it up for long-term success .

Here are just a few examples of questions the plan should answer…

• Which products or services will you offer?
• Which demographics will you target?
• What marketing strategies will you enact?
• How will your offerings differ from those of your competitors?

Need to do some market research before you can answer all these questions? Some online tools can help — such as SurveyMonkey if you are in the retail, finance, education, or healthcare sector.

Dedicate another part of the plan to your financial projections . To grow your company, you need more money coming in than there is going out.

You might be considering bootstrapping your business . This is where you would power your future company with your own money rather than funds from outside sources.

Many now-prominent brands, like Mailchimp, Craigslist, and TechCrunch, have all made it with bootstrapping .

What if you want to court investors?

In that case, your business plan must also show how what you aim to do with your company will lead it to bring in money.

Investors won’t want to give you money without a good idea of if (and when) they will get it back.

Different types of business plans

There are many business plan templates out there, several of which suited to entrepreneurs who have been running their respective companies for some time.

For example, a business that has been in the game for a while but recently started struggling might opt to create a business repositioning plan . This will explain how changing the direction of the company should reinvigorate its fortunes.

Conversely, a company now making more money than it expected could set out an ‘expansion’ or ‘growth’ business plan . This could detail what precise steps the company needs to take to, say, release products or open new offices. 

As a novice entrepreneur starting (or running) a new business, however, you should look for business plan templates aimed at startups. Such templates are in abundance online, and include space for you to touch on all the following subjects…

• Executive summary: What issues will your business tackle? Who will make up your team? What will you sell and where?
• Company definition: What will be your company’s name and brand? What legal structure will your business take?
• Competitive landscape analysis: Which businesses could rival your own? How will you manage their strengths and capitalize on their weaknesses?
• Marketing strategy: What promotional channels will you use and how? What metrics will you use to track your progress?
• Financials: What revenues and expenses do you project for your business? What liabilities (e.g. business loans) does your company currently have?

The above is far from an exhaustive look at what your business plan ought to include. Besides, you might need to meticulously tailor this plan’s exact structure to suit your corporate objectives, depending on how specialist they happen to be.

So, after all this, what are the best business plan templates ? Here are more than a few recommended options, most of which can be downloaded for free…

20 business plan templates worth checking out

1. hubspot’s one-page business plan template.

Naturally, to spur your company’s growth, you need customers. To help sustain your company’s financial success for the long term, you should also work hard to forge strong relationships with customers.

After all, it would be ideal for you to impress those individuals so much that they keep coming back for more. These are people you would call your ‘ repeat customers ’ or ‘ loyal customers ’.

With the right customer relationship management (CRM) platform, you can more easily build a loyal customer base. As the HubSpot CRM has attracted over 228,000 customers , the brand’s one-page business plan template could also pique your interest.

🏆 What makes this template a winner?

If you've never drafted a business plan before this template would be a promising choice for you, as it packs all these short but crucial sections onto a single page…

• Business Opportunity 
• Industry Analysis 
• Target Market
• Company Description
• Timeline 
• Marketing Plan
• Financial Plan
• Funding Requirements 

For each of these sections, clear instructions are provided — and it’s easy to emblazon the template with your company’s logo and branding.

The document makes a good ‘starter’ template for you to get to grips with before potentially finishing a ‘full’ business plan at a later point.

🔍 How to get this template

Find the ‘ One Page Business Plan for Word, PDF ’ page of the HubSpot website, then scroll down to where it says ‘ Download Free Template ’.

Type your email address into the ‘ Email ’ field and click ‘ Next ’. You will subsequently be asked for your first name , last name , phone number , and company name before you can download the template.  

2. HubSpot’s downloadable business plan template

HubSpot’s suite of CRM tools is great for small businesses determined to accelerate their growth without having to deal with bewildering technical waffle.

Having helped many companies to excel, HubSpot can pay the same courtesy to your own, by giving you this downloadable business plan template.

This template is more extensive than HubSpot’s one-page business plan template mentioned earlier. The larger template gives you the space to dive into much greater detail about various aspects of your company — including its…

• Plan for the future 
• Metrics for success 
• Product line 
• Financial projections 

In the template, you can also show you have accounted for legal formalities applicable to your new business. This is the kind of information investors will want to see to ascertain whether your business would warrant their financial support.

HubSpot offers this template as an interactive PDF. Alternatively, you can download it as a document to edit in Google Docs or Microsoft Word. 

On the above page of the HubSpot website, click ‘ Download Now for Free ’. You will be required to fill in several successive fields requesting details like your email address , first and last name , phone number , and website URL .

3. Bplans’ free business plan template for small businesses

As the ‘ Bplans ’ name suggests, this site is a treasure-trove of tips and tricks for putting together a business plan! Among the jewels you are bound to uncover as you dig deeply into this chest are business plan examples from a range of industries.

You also won’t have to reach far for a template you can use to start creating your own business plan. Click the ‘ Business Plan Template ’ link near the top of the homepage to learn about a free template carefully designed by Bplans.

One big plus point of spending time on Bplans is its wealth (pun intended) of advice on how to source external funding. With a professional-looking business plan, you can more easily make the most of this expert guidance.

What kind of business plan would lenders and investors deem ‘professional-looking’? For a start, one in a format approved by the Small Business Administration (SBA). 

This Bplans template is formatted in exactly that way — and has been designed to be completed in a delightfully straightforward, ‘fill-in-the-blanks’ manner.

Whether you want a PDF of the template or to be able to edit it in Microsoft Word or Google Docs, Bplans can deliver to your satisfaction.

Clicking the blue ‘ Download Now ’ button will prompt you to provide your first name and email address. 

You will also be asked why you need a business plan. Using the dropdown menu, you could specify that you need to do one of the following…

• secure funding
• validate a business idea
• determine a business strategy
• grow an existing business
• buy a business 
• sell a business
• use for a class project
• advise clients

The menu lets you select only one of these options, even though many of them might be valid in your particular situation. However, there is an ‘ other ’ option, too.

If you go for ‘ secure funding ’, a second dropdown menu enables you to specify the primary type of funding you seek. This is assuming you don’t select ‘ other ’ or ‘ I’m not sure ’.

Finally, hit the blue ‘ Get My Free Template ’ button at the bottom of the form. You will be presented with the following screen… 

4. PandaDoc’s business plan template

This can be found in the ‘ Business plan templates ’ section of the PandaDoc website, where you are also able to preview the template in detail.

Here, you get in-depth advice on what to write in the plan’s individual sections — including Executive Summary , Mission Statement , Operations Plan , and Financial Plan .

One major incentive to use this template is its synchronization with PandaDoc’s electronic signature (‘ esignature ’) software. This means the business plan can be signed digitally, without any pen having to literally be put to paper. 

This can prove a real boon if you are starting a business with other parties, e.g. partners or directors, who must also sign the plan. They would be able to sign it even from the other side of the world, if that’s where they happen to be based.

They could sign it speedily, too — as the task wouldn’t have to entail writing on a touchscreen with an Apple Pencil. Instead, they could upload a pre-existing digital rendering of their handwritten signature or type in their name.

Start by clicking the green ‘ Use this template — free ’ button on the template’s online listing. To use this template, you must first register a free PandaDoc account (if, obviously, you don’t have one already). 

At least one thing you might already have is a Google, LinkedIn, or Slack account. You can sign up for PandaDoc with any of those, if you wish. in .docx format.

5. PandaDoc’s 5-year business plan template

As alluded to previously in this article, you might be willing to bootstrap your business. This can certainly work well when your company lacks any impressive history that could have tempted investors to give you funding.

Later down the line however when you want to make that next big breakthrough in your company’s growth story, you may need an external source of financial backing.

To make an attractive pitch to those investors, use this 5-year business plan template and show those people how you expect your company to perform financially over the next half-decade.

It’s not enough to simply tell an investor you anticipate a bright future for your business. You must also clearly indicate to them why you anticipate this.

PandaDoc’s ‘ 5-Year Business Plan Template ’, has space for you to detail…

• Corporate objectives
• An action plan 
• Your product/services and pricing 
• Your management team 
• Analyses of the industry, your target customer, and your major competitors 

Crucially, the business plan can also reveal the amount of investment you seek and where you will allocate the initial funding.

The template essentially comprises editable passages and charts interspersed with succinct but useful instructions on how to fill the gaps. For example, the template points out where you need to attach your company’s…

• Projected income statement 
• Balance sheet 
• Cash flow statement 

Another standout of this template is its ‘Milestones’ section. Here, you can list several pivotal milestones your business is on track to reach over the five-year period.

Like PandaDoc’s standard business plan template mentioned earlier, the 5-year business plan template has a listing with a ‘ Use this template — free ’ link.

This is also another instance where a PandaDoc account is required if you want to download the template. Thankfully, the template is free, as you don’t need to pay (or even provide any credit card details) for the account.

6. PandaDoc’s virtual assistant business plan template

The term ‘VA’ refers to a self-employed professional tasked with handling a range of administrative duties on behalf of companies. A virtual assistant’s remit can include…

• Scheduling appointments 
• Arranging trips 
• Planning events
• Managing the client’s calendar 
• Making phone calls 

Virtual assistants are one of the best side hustles for power couples , as they can share various VA responsibilities between them. Furthermore, as virtual assistants work remotely, they don’t have to contend with costs of commuting.

These days, though, AI can take on many duties previously reserved for VAs. PandaDoc has gone as far as creating a business plan template meant for an entrepreneur starting a company set to develop AI assistants.

For a novice entrepreneur, writing a business plan from scratch can be tedious. What a relief, then, that this template comes pre-filled with vast amounts of text written to especially appeal to investors.

The gaps you need to fill with your own details are clearly signposted (and, in many instances, highlighted in yellow). The details you are expected to add include…

• Your company’s name
• The amount of investment you seek
• How much money you have collected from existing investors 
• Your company’s objectives 
• AI assistant products and services you will offer 
• Members of your management team 

Investors will also want to know how you would use the capital you obtain from them. You can touch on that in the plan, which can also list financial milestones you have decided to work toward over the next five years.

• How to use AI to sell more products online
• The best AI chatbots for ecommerce

As with the other two PandaDoc templates spotlighted earlier, you can find this one listed in the PandaDoc website’s ‘ Business plan templates ’ section.

Click the linked ‘ Virtual Assistant Business Plan ’ title or thumbnail on that page and then the green ‘ Use this template — free ’ button. Registering a free PandaDoc account will grant you download access to the template.

7. SBA’s traditional business plan template

Small businesses make up 99.9% of all the United States’ firms, according to 2024 data from the SBA .

It’s apt, then, that this independent agency of the US government offers business plan templates. On sba.gov , you can find traditional business plans written by fictional company owners ‘ Rebecca ’ and ‘ Andrew ’.

What the SBA calls its ‘ traditional business plan ’ template adheres to a standard layout you are encouraged to enrich with added detail. Doing so can help you put forward a more compelling argument for why investors should back you. 

Like other providers of business plan templates, the SBA has intricate advice on how to approach writing each section. However, with the example business plans provided, the SBA goes further by showing, rather than just telling .

On the SBA website’s homepage, scroll down to the ‘ Plan your business ’ box and click on ‘ Write your business plan ’.

You might want to bookmark the next page for the useful advice it displays. Head down the page, past the ‘ Traditional business plan format ’ section, until you see the following two red (clickable) boxes.

Both ‘ Rebecca ’ and ‘ Andrew ’ are fictional, with the former owning a consulting firm and the latter a toy company. 

However, seeing what these pretend entrepreneurs have penned for their respective business plans can help you strike the right vibe for your own.

Which of these example plans would be most useful for you?

That will depend on the type of business you are set to run. To bring up the download prompt for either plan, hit the relevant red button and then the ‘ Download.doc ’ link.

8. SBA’s lean startup plan template

Alongside its ‘ traditional business plan ’ template, the SBA also offers a ‘ lean business plan ’ template. 

This is basically a stripped-down alternative to the traditional plan. The ‘ lean startup format ’ (as the SBA also describes this plan) consists of sparsely decorated charts describing various aspects of the business. 

This template could be the best fit for your business if it is relatively simple, such as a side hustle you run from home . 

The ‘ lean business plan ’ template can also be put together quickly.

You might also want to strip complexity out of your business plan if you anticipate changing and refining it regularly. This could be the case if you are entering an unpredictable industry required to keep pace with rapidly evolving legislation.

Due to the simplicity of the lean startup format, it can be the ideal template for an entrepreneur making their very first business plan.

Head to the SBA website’s ‘ Write your business plan ’ page (the same one mentioned above) and scroll down to the ‘ Lean startup format ’ section.

You will see an array of tips on how to tackle various parts of the business plan — including ‘ Value proposition ’, ‘ customer segments ’, and ‘ cost structure ’.

Beneath all of that is a link labeled ‘ Download Andrew’s lean business plan ’. Yes, Andrew, the fictional owner of the similarly made-up Wooden Grain Toy Company, has typed out his own lean business plan for it.

Click the link and then ‘ Download .doc ’ to… well, download a .doc file laying out this business plan.

9. Microsoft’s home business plan template

Microsoft has compiled various corporate templates at create.microsoft.com .

Those templates include several for business plans.

Many of the best work-at-home business ideas involve providing professional services — and Microsoft offers an extra-special business plan template for that.

One common challenge with creating a business plan is ensuring it looks genuinely enticing to read. Remember, this is a document you might present to investors and potential partners of your business to encourage them to give you financial support.

Many guides to formulating a great business plan, however, put a huge emphasis on the text aspect. This can be much to the detriment of the visual component, risking leaving many business plans looking boring at first glance.

The beauty of this Microsoft template is that it strikes just the right balance between eye-catching and professional . You can easily change the contained images, such as by replacing them with select photos and graphics . 

The template comes with instructions on how to customize it, so choose attractive aesthetic elements in line with your company’s brand. That way, the end result should look like something even people unfamiliar with your firm will want to pick up.

From the create.microsoft.com homepage, use the ‘ Search templates ’ field to search the site for ‘ business plan templates ’. You should be able to find the home business plan among the results that appear.

After clicking on the listing for that plan, you should see two links labeled ‘ Customize in Word ’ and ‘ Download ’.

Do you have a Microsoft account?

If so, click the former link to log into that account and view the template in a web version of Word. The document (and any changes you make to it within the browser window) will be saved to your Microsoft OneDrive cloud storage.

Another idea is clicking the ‘ Download ’ link to save the template to storage (a physical drive or the cloud) of your choice.

10. Microsoft’s tactical business marketing plan template

One key objective with a business plan is to define not only your ideal customer but also how you aim to reach out to them. In fact, it can sometimes be helpful to draw up a separate business plan specifically about your marketing goals.

Cue, Microsoft’s tactical business marketing plan template.

Are you preparing to launch a new product or service? If so, what will you do to market it? Using this template can help you to answer that question.

When running a young business, it’s imperative to make the most of what money you spend. You probably don’t have a lot of it if you are an inexperienced entrepreneur. 

This all further underlines the appeal of bootstrapping, a tactic you can follow when marketing your business . You need to decide which marketing strategies would work best for your particular business.

Many familiar marketing principles apply when you go down the Whop route. However, you might be overlooking other, particularly creative ways to market your whop . For example, why not blog about your whop or publicize it on social media?

Whatever marketing strategies you do decide on, you can detail them on Microsoft’s tactical business marketing plan template. It includes instructions summing up what to include in each section. With the plan, you can address such subjects as…

• Your objective with the marketing campaign 
• The potential customers you seek to target 
• The core message of the campaign 
• What you intend to do before and after the marketing event 
• Pertinent items to account for with your budget

Like Microsoft’s home business plan template, this can be customized with photos, graphics, and fonts tailored to your organization’s brand personality.

Load create.microsoft.com and, using the ‘ Search templates ’ field, do a search for ‘ tactical business marketing plan template ’. The template should be easy to find from here.

You get ‘ Customize in Word ’ and ‘ Download ’ links that work like those on the home business plan page.

11. Template.net’s investment company business plan template

Template.net describes itself as “the world’s largest and most diverse template library”. As the site vows to “help you start, build, grow, and manage your business”, it shouldn’t surprise that business plan templates are plentiful here. 

Many of those templates are free, too. Others, though, are behind a subscription paywall. Those include this investment company business plan template .

Still, if you are set to launch an investment startup, there are good reasons for you not to overlook this highly versatile, easy-to-understand template.

If you are dipping your toes into the investment waters for the first time, you could understandably be confused. It may look like a scarily technical field of work at first — but, by easing yourself into it gently, you can prime yourself for success. 

What are your investment goals? Do they include investing in stocks or getting started with dividend investing? Have ETFs (exchange-traded funds) caught your eye, too? You can list all those goals (and more) on this business plan template. 

You can also take your investing and trading knowledge to the next level with communities full of experts here at Whop. Who knows? You may even find a future business partner in there - it's worth checking out once you've finished writing your business plan!

It strings together text and charts filled with the kind of specific, industry-relevant detail you could have struggled to get right yourself. 

So, all you have to do is subtly edit and tweak the ready-made content to suit your business, in accordance with the clear instructions provided.

On the template.net homepage, type the search query ‘ investment company business plan template ’ into the ‘ Generate, Search Templates and your Content ’ text box. Pressing the Enter key should lead you to a screen looking like this…

Click the sole search listing to find out more about the template. Click the relevant button for the format in which you want to save the template. You will then see this…

Don’t be fooled, though. After registering a free Template.net account (using an existing Google or Microsoft account, if you wish), you will get this page…

Yes, you will need to start a paid subscription with Template.net before you can actually download the template. In this sense, the template isn’t ‘free’ — but, depending on your company’s needs, the price could be worth it.

12. Template.net’s virtual/online education business plan template 

Do you have teaching experience? Perhaps you have taught in person at a school or college at some time, or only just picked up some teaching qualifications? Either way, you can put your teaching experience to good use by selling online courses . 

It’s possible to teach via an online platform without technically being employed by it. For example, as a tutor on VIPKid , you would be an independent contractor rather than a VIPKid employee. So, you will essentially be running your own business. 

When creating a business plan for it, why not use a template specially designed for companies in your line of work? This explains the appeal of Template.net’s virtual/online education business plan template . 

It’s fair to say that education companies can differ significantly from each other — and not only in terms of what they teach.

For example, do you follow a standard, nationally-set curriculum or one of your own making? Do you like to teach lengthy courses or just individual classes requiring no long-term commitment from the student?

Starting a school on Whop enables you to meticulously tailor what you offer. Here are a few apps you would be able to add to your whop… 

• Courses : A rather self-explanatory app, as it lets you run — yes — courses.
• Chat : Allow students to send you quick messages when they get stuck.
• Files : Make learning materials — e.g. worksheets — available to download. 

The virtual/online education business plan template can easily be adjusted to suit your business. With this template, you can outline such specifics as…

• Technology and infrastructure you use
• Online support you offer to students
• Your regulatory and accreditation compliance

Other sections come as standard on business plans, e.g. the executive summary, market analysis, and financial projections, also feature.

Want to start your school on Whop? Here's how to get set up in minutes.

Firstly, load the template.net site and find the ‘ Generate, Search Templates and your Content ’ search box at the top of the homepage. 

Then, using that box, do a search for ‘ online education business plan template ’. You shouldn’t have to look far for the template literally titled ‘ Virtual/Online Education Business Plan Template ’ (including the capitalization). 

Like Template.net’s above-mentioned investment company business plan template , however, this one requires a paid subscription to the site. You will need to opt for Template.net’s Pro or Business tier before downloading the template.

13. Shopify’s free business plan template

Looking to start an ecommerce business ? You might have contemplated doing so on the big-name platform Shopify , which hosts more than 5.2 million online stores.

Shopify’s website has its own blog with informative articles advising how to get more out of ecommerce entrepreneurship. One recent addition to that blog is an article titled ‘ Free Business Plan Template: What To Include for 2025 ’. 

The article includes a download link for a free business plan template designed by Shopify itself.  

When you are aspiring to open an online shop, you would likely welcome advice from a company with a formidable ecommerce pedigree. 

As Shopify fits that description, you can be confident that the template has been designed with ecommerce needs close at heart. 

Expect to be even more impressed when you get a good look at the template for yourself. It includes hugely in-depth guidance on how to write the following sections…

• Executive summary
• Company overview 
• Product or services offered
• Market analysis 
• Marketing plan
• Logistics and operations plan
• Financial plan

For all but the last of these seven sections, the template also provides example content about a fictional ecommerce business called Providence Tea Company.

Load the ‘ Free Business Plan Template: What To Include for 2025 ’ webpage and scroll down to the grey block pictured below. 

Clicking the black ‘ Get the template now ’ button will give you the prompt below.

Enter your email address in the ‘ Enter your email address ’ field and hit ‘ Get updates ’. You should quickly be sent an email containing a ‘ Download ’ link for the template. This link will enable you to download the file in .docx format.

14. Sage’s free business plan template

Sage, one of the world’s largest suppliers of enterprise resource planning (ERP) software, has a regularly updated blog on its website.

One article on this blog, ‘ How to write a business plan ’, links to a template you would be able to beneficially download free of charge.

Like Shopify, Sage is a much-respected name in its field. For this reason, you can have much faith in the quality of the industry-relevant advice it offers.

You can read expert advice not only in the ‘ How to write a business plan ’ article but also on the template itself. It comes with several introductory paragraphs (and short strings of text throughout the template) suggesting how to add to sections including the…

• Business overview
• Structure and resources 
• Business operations
• Market analysis and strategy 
• Financial analysis 

At various points in the template, you will see square-bracketed parts where you are meant to insert details specific to your business. 

However, Sage insists that “a good business plan should be current and adapt as you test and learn” . In other words, you should regularly refer back to it and update it as your company (and the market in which it competes) changes. 

It’s certainly convenient, then, that the Sage template has been built to accommodate this. For example, you can easily add sections to (and remove sections from) the template and do likewise with rows in the tables.

Locate the black ‘ Download your free business plan template ’ button on the ‘ How to write a business plan ’ article. Click the button and type your email address into the ‘ Email address ’ text field that appears.

Click the green ‘ Next ’ button and select your country in the ‘ Country ’ dropdown menu. Depending on which of the country options you choose, you might be presented with further prompts.

For example, if you opt for ‘ United States ’, you will see another dropdown menu titled ‘ State or province ’.

When you can, click ‘ Download now ’ to save the business plan template. If the download does not begin automatically, hit the second ‘ Download now ’ button you see on the ‘ Thank you! ’ panel.

15. Business News Daily’s free business plan template

The Business News Daily website was launched in 2010 and has since been bulked out with plenty of wonderfully informative articles for entrepreneurs.

One of those articles, ‘ Guide to Creating a Business Plan With Template ’, does very much what its title implies.

When you first view this template, it might strike you as more of a guide than a template. However, this is just a testament to the huge amount of guidance Business News Daily has poured into various sections of the template.

On the third page of the document, you get a ‘ Table of Contents ’ listing the following sections…

• Executive Summary
• Company Description 
• Products and Services 
• Operational Plan
• Management and Organization 
• Budgets and Expenses

The template is provided as a PDF. Once you have clicked the in-article link to bring up this PDF, your web browser might enable you to save it to your device.

You might even have software capable of converting the PDF to Word format, leaving the file quick and easy to edit.

The ‘ Guide to Creating a Business Plan With Template ’ is lengthy. You will have to do a lot of scrolling to reach the below-pictured ‘ Tip ’ box, which is almost at the end of the article…

Click the ‘ free business plan template ’ link to load the template as a PDF.

16. SCORE’s business plan template for a startup business

SCORE, a nonprofit organization supporting small businesses across the United States, offers numerous business plans. These include what SCORE refers to as its ‘ Business Plan Template for a Startup Business ’.

The template itself has much to recommend. Like many other templates highlighted in this article, the SCORE template comes with instructions on what to think about when adding your details.

However, those instructions on the SCORE template go amazingly deep even by the standards of many other free-to-download business plan templates.

Not only do you get a familiar assortment of gaps and tables to fill in but also instructions on how to…

• Decide on your company’s legal structure 
• Justify the pricing of your product or service 
• Distinguish between primary and secondary market research 
• Explain what type of personnel your business will need

SCORE has even thrown in worksheets to help you tackle critical aspects of completing the business plan. For example, one worksheet can aid you in using the ‘SWOT’ system to identify your company’s strengths and weaknesses.

Will you be working in ecommerce? Want to act on one of these software business ideas?

In either situation, rest assured that one of the template’s sections, ‘ Refining Your Plan ’, explains how you can tailor your business plan to suit the industry.

To locate this template, start by visiting score.org and hovering your cursor over ‘ Templates & Resources ’ in the top navigation bar. Then, click ‘ Template Gallery ’ on the menu that appears. 

Now, click the ‘ Business Plan Template for a Startup Business ’ link and, on the next page, the blue ‘ Download Template ’ button.

17. Wise’s free business plan template

When advertising your business to investors, you can maximize your chances by casting your net as widely as possible. Don’t feel obliged to court only investors based in the same country as your company!

Nonetheless, some overseas investors could be put off by sky-high bank fees they would have to incur when making international money transfers. These transfers can be sluggish, too, typically taking one to five business days.

Awkward stumbling blocks like these led entrepreneurs Kristo Käärmann and Taavet Hinrikus to establish the financial technology company Wise in the early 2010s.

Using the Wise platform, foreign investors can send you money more quickly without having to pay higher than the mid-market exchange rate.

So, if you are striving to bolster the amount of investment you receive from abroad, you could be intrigued by Wise’s free business plan template. 

Wise’s template contains all the sections you would typically see in a startup plan. Like the SCORE template, it is also provided with worksheets designed to take you step by step through completing key parts of the template.

However, Wise places a particularly strong emphasis on how to use the plan to attract investment for your business.

Of course, the plan can help you convey your corporate goals and how you will structure and run your business to meet them. Keep in mind, though, that investors will want to know why your company would constitute a safe long-term bet for them.

So, if you are keen to secure outside funding, your plan must make clear how you expect to develop your business.

What milestones are you envisioning? What steps will you take to scale up your startup?

Wise has weaved easy-to-follow prompts into the template, making it easy to customize to your liking.

Searching for funding? It’s relatively straightforward to put in the required financial information, like income statements and balance sheets.

Start by loading wise.com and scrolling right down to the footer of the homepage. Find the list of links headed ‘ Resources ’ and click ‘ News and blog ’.

You will now be on the ‘ NEWS ’ page. Scroll right down to this page’s footer and, there, click ‘ Business templates ’. On the next page, you will actually see listings for multiple free business templates.

Find and click the link simply titled ‘ Business plan template ’. Hitting the green ‘ Download template ’ button will send you down to this part of the page…

You must fill in all the form’s fields before the greyed ‘ Get your template ’ button at the bottom turns green and clickable. You therefore need to state your business email address, your company’s name, your role in the company, and further details.

18. Invoice2go’s free business plan template

Vital to safeguarding your company’s long-term financial stability is ensuring you know how much money is coming in and at what times.

Many other entrepreneurs in your situation have hence turned to Invoice2go, an online tool you can use to prepare and send off invoices quickly.

Reaching for an invoicing solution like this can thus form a pillar of your corporate strategy. Nonetheless, it would be helpful for you to have specifics of that strategy written down before you start putting it into action.

Looking back at a carefully conceived business plan multiple times can help you to stay on track as a business owner. It’s not hard to see, then, why Invoice2go has created a business plan template you can download for free online.

It goes without saying that, when trying to catch the eye of investors, you want to make a good first impression. How better to do that than with a professional-looking business plan you present to them?

This template makes creative use of graphics and color to mark out the various sections — including the executive summary, business overview, and market analysis. 

One section, ‘ FUNDING REQUESTS ’, is where you will indicate how much money your business needs for its launch and sustained success.

Now, one common drawback of going for a free template is that investors might have already seen many other businesses using it. Many investors could easily recognize this Indiegogo template from its bold colors and circle motifs.

At the same time, why would you want your business plan’s design to look as dull as dishwater? A whop like AI BusinessPlans can give you the best of both worlds — an attractive plan you didn’t have to spend excessive time making yourself.

Though it’s possible to sign up for a free trial of Invoice2go’s service, you don’t even need to do that to use the template.

It’s easy to find, too. Start by visiting invoice.2go.com and hovering your cursor over ‘ Resources ’ on the top navigation bar. After clicking ‘ Free business plan templates ’, you might be surprised to be greeted with a page simply titled ‘ Free Business Plan Template ’.

A little further down this page are links permitting access to Word and PDF copies of the template.

So, does Invoice2go actually offer just one business plan template on its website? Not quite…

19. Invoice2go’s free lean business plan template

A traditional business plan can be as long as 50 pages. In reality, your own business plan could turn out much shorter than this if the company is small and basic. Many startups indeed tick both of those boxes. 

Even a conventional business plan numbering about 25 pages, though, would be considered short — and could take hours to finish to a high standard.

None of this would be ideal if you are itching to start a business due to a financial emergency. In this situation, it could be imperative for you to start making money quickly, without a cumbersome, time-consuming preamble.

Invoice2go has prepared a lean business plan template . It's limited to a single page where you can stick to such essentials as…

• What your company is about
• Your corporate strategy
• Your business partners 
• Critical metrics against which you will measure your company’s success 

Don’t fret if you lack design skills, as the template comes pre-formatted with bullet points, tables, and charts. It’s largely just a matter of filling the gaps with text and numbers specifically related to your startup.

There are many dos and dont's of completing a business plan.

Thankfully, with this template, efficiency is the name of the game. The template’s compact size makes it efficient to fill in and edit. Revisit the completed plan monthly or quarterly to verify that your business is staying on the right trajectory.

Your team can use data in the lean plan to enhance the company’s management, productivity, marketing, and day-to-day processes.

On the Invoice2go homepage, open the Resources menu and click ‘ Free business plan templates ’.

You will see a page titled ‘ Free Business Plan Template ’, but don’t pay too much attention to the template pictured to the right. Instead, look much further down the page, for this question — ‘ What are the different types of business plans? ’

This section links to various business plan templates. The ‘ lean business plan ’ link leads to a separate page from which Word and PDF versions of the template can be downloaded.

20. Invoice2go’s free business continuity plan template

As many CEOs would doubtless recall from the COVID days, a large-scale crisis can strike unexpectedly — with major repercussions for the business landscape.

You only have to read the news for a sense of the many (largely inescapable) threats facing businesses. As the owner of a new firm, how would you react if…

• Another pandemic or epidemic arose, necessitating social-distancing rules.
• Floods or other freak weather left your usual workplace inaccessible.
• A power cut took down your office’s internet systems.
• A bomb threat made your employees too nervous to leave their homes.

Such possibilities underline the importance of having a business continuity plan ready. Invoice2go offers a template that can form the basis of one.

A business continuity plan clarifies how you should minimize disruption to your commercial operations in the event of an emergency. The template from Invoice2go has spaces where you can insert important information about your… 

• Business risk assessment
• Critical business functions
• Evacuation and relocation plans
• Employee contact list
• Vendor contact list

Instructions attached to the template are easy to follow but remain richly informative about how you should go about finishing each section.

This template can be reached in almost exactly the same way as Invoice2go’s free lean business plan template. 

The main difference is what you click in the ‘ What are the different types of business plans? ’ section of the Free Business Plan Template page. There, you click the ‘ Business continuity plan ’ link.

This move will transport you to a page dedicated to Invoice2go’s free business continuity plan template available to download in .docx or PDF format.

Be the boss in more ways than one with Whop

Writing a business plan is just the beginning of your entrepreneurial journey. The real challenge is bringing it to life and continuously growing as a business leader.

That’s where Whop’s expert-led business communities come in. Whether you’re looking to refine your skills, learn new strategies, or connect with like-minded entrepreneurs, Whop offers the tools and resources to guide your success.

Join communities like the highly-rated whop Business Circle , where you’ll find practical templates, insightful ebooks, and expert coaching tailored for entrepreneurs at every stage.

Don’t settle for just a plan - take action, gain expert insights, and build your future with Whop. Explore now and level up your business skills today.

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28 Business Ideas for Teens

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Business success can come at any age, and you never know who will think of the next big idea. If you have an industrious teen with an entrepreneurial spirit — or if they’re just looking to make some extra spending money on their own schedule — launching their own business could be the answer. Let's look at some business ideas for teens that are perfect for a first business.

What makes a good business idea for teens?

There are a few criteria that will make a business idea slightly easier for teens to start and operate. After all, they’ll need to work around a full class schedule and will likely have limited resources — including startup capital. As you evaluate the following small business ideas for teens, keep these things in mind.

1. Home-based or easily accessible

Depending on the age of the teen, transportation can be a major concern. For teens who aren’t old enough to drive or are just learning, a home business will be much easier to operate.

2. Flexible hours

Just like many adults who start a side hustle, teens are working a full-time job while starting up their business. While school isn’t traditionally considered a “job,” it does take up eight to 10 hours of each weekday, depending on their extracurriculars. The best business ideas for teens will have flexible hours that will allow them to work in the evenings and on weekends.

3. Low financial investment

While most potential business owners are looking to make as small of a financial investment in their new business as possible, most teens will have limited savings and have minimal access to outside financing (especially if you don’t want the “bank of mom and dad” to be on the hook). Choosing a business idea for teens that has a low-cost financial investment is key to success. The fewer things needed to operate the business, the less they will need to buy before getting started.

How much do you need?

with Fundera by NerdWallet

We’ll start with a brief questionnaire to better understand the unique needs of your business.

Once we uncover your personalized matches, our team will consult you on the process moving forward.

28 business ideas for teens

There are so many cool business ideas for teens out there. You can start with something traditional like babysitting in your neighborhood or helping kids with homework, but technology has opened the doors to so many other, new opportunities.

With the above criteria in mind, let’s take a look at 28 business ideas for teens.

1. Academic tutor

An easy business idea for teens is to become an academic tutor. Everyone has unique skills, so whether you’re good at math, science, writing, or reading, you have the skills to teach someone else who may be struggling in that subject. An academic tutor can also help with test prep for the SATs, ACTs, AP tests, or other standardized tests.

2. Car washing

Everyone loves to have their car looking shiny and new, but not everyone has the time to dedicate to washing it. A car washing business is simple to start, all you need is a bucket, soft sponge, window cleaner, and elbow-grease for polishing. This can be a great weekend job for teens.

3. Child care

A tried and true business idea for teens is to operate a child care or babysitting business. On the weekends or even during the week after school, you can help neighbors or family friends by caring for their young children. If you want to stand out from the competition, many communities offer local classes on child care and babysitting .

4. Pet sitting or dog walker

For kids who love animals, there’s no better way to get time with animals and start a business than by pet sitting or dog walking . Both of these businesses also offer flexible hours and your clients will provide all the supplies you’ll need, from leashes to treats and more.

5. Lawn care business

If one of your teen’s chores is to mow the lawn, they already have the skills needed for this business. By marketing their services around the neighborhood, they may be able to drum up a lengthy client list, and an especially popular time for a lawn care business is the summer, when your teen will have lots of free time on their hands.

6. Housecleaning

For any kid who’s been helping out with chores around the house, they’re likely already familiar with all the skills they’d need to start a housecleaning business . Nearby homeowners would likely be happy to pay a teenager to help them dust, mop, and vacuum their home.

7. Housesitting

During the summer and scheduled breaks from school, many families take this opportunity to travel. While they’re away, they need someone to stop by the house, take in the mail, water the plants, and perform other small daily tasks. Starting a housesitting business can be a great way for teens to earn some extra money while filling a need in their community.

8. Errand-running

For teens who drive, offering to run errands for neighbors or friends could be an easy way to start a business and make money. This business can be especially helpful to people who are home-bound or have limited mobility. Plus, this business idea doesn’t require any specialized skills and they can set their own hours.

9. Seasonal chores

Another seasonal business for teens is to help with seasonal chores. Most homeowners don’t have a lot of spare time, but they still want their homes to look nice and festive during the holidays. Teens can start their business by doing odd jobs at the season changes, such as putting up and taking down holiday decorations and lights, shoveling snow, raking leaves, gift wrapping, and much more.

10. Selling handmade crafts

Artistic teens who are good at crafts can hone their skills and make some money by selling their creations. This can be a local endeavor, or they can set up their own business website to sell their crafts to a larger audience. Check out our list of the best craft business ideas.

11. Making greeting cards

One specific idea for a handmade craft that teens can create and sell is greeting cards. Many people are returning to handwritten notes. By creating personalized designs or eye-catching artistry, teens can easily sell their own greeting cards to be used by friends and family.

12. Art teacher

The ability to draw, paint, or do any other kind of art is a skill, just like being able to solve complicated math equations. Teens who are looking for a business idea and are good at art should consider starting a business as an art teacher. They can offer lessons to peers or younger children in the neighborhood.

13. Musician

Not every artist works with a pen in their hand — some are gifted with music. For those passionate about playing or writing music, teen years are an opportunity to get together with friends, form a band, and perform locally. This is a good business idea for teens that should also be a lot of fun.

14. Music lessons

For musically inclined teens who aren’t interested in starting up a band, they may be interested in giving music lessons. Whether they excel at the piano, guitar, violin, or another instrument, there’s bound to be a market for this skill.

15. Farmers market vendor

Farmers markets are generally a great way to sell handmade goods in your local area, and they can be an easy way for teens to start a business and sell their wares close to home. Whether selling crafts, food items, or handmade beauty products, there are several avenues for this type of business. Keep in mind, you may need a parent to actually reserve the booth and oversee operations.

16. Candle maker

A simple craft to make that’s always in demand is candles. For those looking for a business idea for teens, this is a sellable craft that’s easy to learn and doesn’t require a ton of upfront investment. Learn more in our guide to starting a candle business.

17. Retail arbitrage

An interesting and simple business idea for teens is retail arbitrage. For those who are savvy online, this can be a simple business that makes a decent profit. The main idea in retail arbitrage is to find high-quality items for a low price and then to resell them in a different marketplace for a higher price. Many people who start a retail arbitrage business will find items at local garage sales and then resell them on eBay or Facebook Marketplace.

18. Graphic designer

For a tech-savvy teen who is also artistically inclined, there’s an opportunity to start a graphic design business. This can be as simple as creating a few cool designs and then putting them on T-shirts for friends or could involve doing freelance work for local business’s marketing efforts.

19. Technology tutor

While some older adults don’t know how to use their smartphones, tablets, or computers, kids are growing up with this technology and know it better than anyone. If your teen has the patience and the skills, they can make some extra money as a technology tutor.

20. Blogger

With a dash of tech know-how, some skill for writing, and a passion for a specific topic, your teen could launch a business through a blog. Keep in mind, this business idea will take a little more time to turn a profit. First, they’ll need to grow an audience, and then they will have the opportunity to partner with advertisers and affiliate partners to bring in revenue. If they can optimize their blog, though, this could be a simple way to make extra money.

21. Podcaster

A still relatively new and growing space is the podcast world. Similar to a blog, your teen will need passion for a specific topic and the ability to grow a decent following, but once they do, they can earn income by finding advertisers interested in placing ads on their podcast. Learn more about how to start podcast.

22. Social media influencer

As most teens already know, there are lots of celebrities out there who make money by talking about products on their social media platforms. This has become known as a social media influencer. Many brands also look for local personalities with a strong following. If this sounds like your teen, they may have a business on their hands.

23. Live-streaming gamer

For teens who love video games, there’s no better dream than to make money by playing video games. Live-streaming gamers do just that. One of the most popular sites for getting started with this type of business is Twitch.TV .

24. Photographer or videographer

With a small investment in equipment or some skill with a smartphone, teens can start a business as a photographer or videographer. There are many niches within this type of business, so teens can specialize in pet photography, events, family portraits, or creating social media content for local businesses.

25. Web designer

A little knowledge can go a long way toward supporting this business idea for teens. Many small businesses need websites and may not have the cash to hire a professional. By offering their services at a discounted rate, teens can start their own business as a web designer. This is a great way to practice skills and make some extra money.

26. Transcription

Another business idea with flexible hours is to transcribe interviews for a local newspaper or other business. Your teen can work on their typing skills while also providing a service that makes money.

27. Data entry

For most future professions, teens will need to know how to use spreadsheets and work with data. To learn these skills, teens can start a business in data entry. This type of business offers teens a flexible work schedule and the ability to learn an important new skill.

28. Create an app or online game

Anyone can create an app or online game these days, including teens. If your teen has a great idea and the technical skill to make it into a reality, they could turn this into a business. Completed apps and games can then be featured on various app stores, which return a percentage of the profit to the creator.

This article originally appeared on JustBusiness, a subsidiary of NerdWallet.

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