Day 5: Online Business Plan Template {Free Download}

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Day 5: Online Business Plan Template

Each day through this series, we are moving one step closer to setting up your dream business online.  And each day we are delving deeper and gathering more specifics that will establish a concrete foundation for your business.  With your business goals in place, it is now time to move on to setting up your business plan.

What is a Business Plan?

A business plan is basically a road map for your business.  It answers vital questions regarding the purpose of your business and is an organized collection of all the research you have done with respect to it.  This document will serve as a guide in the coming days and is a crucial step in establishing your business.

Why Create a Business Plan?

Benjamin Franklin was right when he said:

“If you fail to plan, you are planning to fail!”

A lot of online businesses sprout up every single day but the majority of them do not succeed.  What most online businesses lack is a concrete plan that will serve them well in the long term.

Here are three reasons why you should create a business plan:

  1. It defines what you want from your business, providing a clearer picture.
  2. It structures your thoughts regarding the business, organizing them all in one place.
  3. A proper plan will provide direction when your business faces a roadblock.

How to Craft a Business Plan – Free Template

I have created a free template that you can use to create your own business plan.  This template will ask leading questions that will help you customize the plan according to the vision you have for your business.

Click here to download your free online business plan template

Note: You might not be able to fill in some sections of this template right now.  But we’ll be discussing it all in the days to come and you will be able to get it done then.

Today’s Action Step: Use the template provided to create your own business plan.

Click here to catch up on all the posts in this series.

About the Author:

School teacher turned internet marketing consultant, Sunu Philip is a Certified SEO Specialist. She founded “Clothed in Scarlet” to help women discover their unique God-given strengths and turn their talents into profits online. She offers subscribers a Free Online Business Startup Kit to help them start their online business from scratch.


  1. Martha July 7, 2013 at 7:39 am - Reply

    Thank you Sunu…. I’m enjoying this series .. although I’m a bit behind! 🙂

  2. Nadine July 29, 2013 at 4:04 am - Reply

    You made some good points there.

  3. Genn March 10, 2017 at 11:16 am - Reply

    Thank you Sunu Philip. You just save my day after some long search.

    • Sunu Philip March 14, 2017 at 10:48 am - Reply

      So glad you found the template useful, Genn!

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