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How to write a business plan for an Ethiopian restaurant?

Putting together a business plan for an Ethiopian restaurant can be daunting - especially if you're creating a business for the first time - but with this comprehensive guide, you'll have the necessary tools to do it confidently.

We will explore why writing one is so important in both starting up and growing an existing Ethiopian restaurant, as well as what should go into making an effective plan - from its structure to content - and what tools can be used to streamline the process and avoid errors.

Without further ado, let us begin!

In this guide:

Why write a business plan for an Ethiopian restaurant?

• What information is needed to create a business plan for an Ethiopian restaurant?
• How do I build a financial forecast for an Ethiopian restaurant?

The written part of an Ethiopian restaurant business plan

• What tool should I use to write my Ethiopian restaurant business plan?

Understanding the document's scope and goals will help you easily grasp its structure and content. Before diving into the specifics of the plan, let's take a moment to explore the key reasons why having an Ethiopian restaurant business plan is so crucial.

To have a clear roadmap to grow the business

It's rarely business as usual for small businesses. The economy follows cycles where years of growth are followed by recessions, and the business environment is always changing with new technologies, new regulations, new competitors, and new consumer behaviours appearing all the time...

In this context, running a business without a clear roadmap is like driving blindfolded: it's dangerous at best. That's why writing a business plan for an Ethiopian restaurant is essential to create successful and sustainable businesses.

To write an effective business plan, you will need to take stock of where you are (if you are already in business) and where you want the business to go in the next three to five years.

Once you know where you want your Ethiopian restaurant to be, you'll have to identify:

• what resources (human, equipment, and capital) are needed to get there,
• at what pace the business needs to progress to get there in time,
• and what risks you'll face along the way.

Going through this process regularly is beneficial, both for startups and existing companies, as it helps make informed decisions about how best to allocate resources to ensure the long-term success of the business.

To anticipate future cash flows

Regularly comparing your actual financial performance to the projections in the financial forecast of your Ethiopian restaurant's business plan gives you the ability to monitor your business's financial health and make necessary adjustments as needed.

This practice allows you to detect potential financial issues, such as unexpected cash shortfalls before they escalate into major problems. Giving you time to find additional financing or put in place corrective measures.

Additionally, it helps you identify growth opportunities, like excess cash flow that could be allocated to launch new products and services or expand into new markets.

Staying on track with these regular comparisons enables you to make well-informed decisions about the amount of financing your business might require, or the excess cash flow you can expect to generate from your main business activities.

To secure financing

Whether you are a startup or an existing business, writing a detailed Ethiopian restaurant business plan is essential when seeking financing from banks or investors.

This makes sense given what we've just seen: financiers want to ensure you have a clear roadmap and visibility on your future cash flows.

Banks will use the information included in the plan to assess your borrowing capacity (how much debt your business can support) and your ability to repay the loan before deciding whether they will extend credit to your business and on what terms.

Similarly, investors will review your plan carefully to assess if their investment can generate an attractive return on investment.

To do so, they will be looking for evidence that your Ethiopian restaurant has the potential for healthy growth, profitability, and cash flow generation over time.

Now that you understand why it is important to create a business plan for an Ethiopian restaurant, let's take a look at what information is needed to create one.

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Information needed to create a business plan for an Ethiopian restaurant

You need the right data in order to project sales, investments and costs accurately in the financial forecast of your Ethiopian restaurant business plan.

Below, we'll cover three key pieces of information you should gather before drafting your business plan.

Carrying out market research for an Ethiopian restaurant

As you consider writing your business plan for an Ethiopian restaurant, conducting market research becomes a vital step to ensure accurate and realistic financial projections.

Market research provides valuable insights into your target customer base, competitors, pricing strategies, and other key factors that can significantly impact the commercial success of your business.

Through this research, you may uncover trends that could influence your Ethiopian restaurant.

You could discover that local customers may be interested in non-traditional Ethiopian dishes, or that customers may be more likely to order take-out than to dine in.

Such market trends play a significant role in forecasting revenue, as they offer valuable data about potential customers' spending habits and preferences.

By incorporating these findings into your financial projections, you can present investors with more accurate information, helping them make informed decisions about investing in your Ethiopian restaurant.

Developing the marketing plan for an Ethiopian restaurant

Before delving into your Ethiopian restaurant business plan, it's imperative to budget for sales and marketing expenses.

To achieve this, a comprehensive sales and marketing plan is essential. This plan should provide an accurate projection of the necessary actions to acquire and retain customers.

Additionally, it will outline the required workforce to carry out these initiatives and the corresponding budget for promotions, advertising, and other marketing endeavours.

By budgeting accordingly, you can ensure that the right resources are allocated to these vital activities, aligning them with the sales and growth objectives outlined in your business plan.

The staffing and capital expenditure requirements of an Ethiopian restaurant

Whether you are starting or expanding an Ethiopian restaurant, it is important to have a clear plan for recruitment and capital expenditures (investment in equipment and real estate) in order to ensure the success of the business.

Both the recruitment and investment plans need to be coherent with the timing and level of growth planned in your forecast, and require appropriate funding.

Staffing costs might include wages for cooks, servers, dishwashers, and a manager. The restaurant might also have to pay fees for liability insurance, workers' compensation, and taxes. Equipment costs might include a commercial kitchen range, oven, and refrigerator; dishes, utensils, and cookware; tables and chairs; and a cash register.

In order to create a realistic financial forecast, you will also need to consider the other operating expenses associated with running the business on a day-to-day basis (insurance, bookkeeping, etc.). 

Once you have all the necessary information to create a business plan for your Ethiopian restaurant, it is time to start creating your financial forecast.

What goes into your Ethiopian restaurant's financial forecast?

The objective of the financial forecast of your Ethiopian restaurant's business plan is to show the growth, profitability, funding requirements, and cash generation potential of your business over the next 3 to 5 years.

The four key outputs of a financial forecast for an Ethiopian restaurant are:

• The profit and loss (P&L) statement ,
• The projected balance sheet ,
• The cash flow forecast ,
• And the sources and uses table .

Let's look at each of these in a bit more detail.

The projected P&L statement

The projected P&L statement for an Ethiopian restaurant shows how much revenue and profits your business is expected to generate in the future.

Ideally, your Ethiopian restaurant's P&L statement should show:

• Healthy growth - above inflation level
• Improving or stable profit margins
• Positive net profit

Expectations will vary based on the stage of your business. A startup will be expected to grow faster than an established Ethiopian restaurant. And similarly, an established company should showcase a higher level of profitability than a new venture.

The forecasted balance sheet of your Ethiopian restaurant

The projected balance sheet of your Ethiopian restaurant will enable the reader of your business plan to assess the overall financial health of your business.

It shows three elements: assets, liabilities and equity:

• Assets: are productive resources owned by the business, such as equipment, cash, and accounts receivable (money owed by clients).
• Liabilities: are debts owed to creditors, lenders, and other entities, such as accounts payable (money owed to suppliers).
• Equity: includes the sums invested by the shareholders or business owners and the profits and losses accumulated by the business to date (which are called retained earnings). It is a proxy for the value of the owner's stake in the business.

Analysing your Ethiopian restaurant projected balance sheet provides an understanding of your Ethiopian restaurant's working capital structure, investment and financing policies.

In particular, the readers of your plan can compare the level of financial debt on the balance sheet to the equity value to measure the level of financial risk (equity doesn't need to be reimbursed, while financial debt must be repaid, making it riskier).

They can also use your balance sheet to assess your Ethiopian restaurant's liquidity and solvency:

• A liquidity analysis: focuses on whether or not your business has sufficient cash and short-term assets to cover its liabilities due in the next 12 months.
• A solvency analysis: takes and longer view to assess whether or not your business has the capacity to repay its debts over the medium-term.

The cash flow forecast

As we've seen earlier in this guide, monitoring future cash flows is the key to success and the only way of ensuring that your Ethiopian restaurant has enough cash to operate.

As you can expect showing future cash flows is the main role of the cash flow forecast in your Ethiopian restaurant business plan.

It is best practice to organise the cash flow statement by nature in order to show the cash impact of the following areas:

• Cash flow generated from operations: the operating cash flow shows how much cash is generated or consumed by the business's commercial activities
• Cash flow from investing activities: the investing cash flow shows how much cash is being invested in capital expenditure (equipment, real estate, etc.) either to maintain the business's equipment or to expand its capabilities
• Cash flow from financing activities: the financing cash flow shows how much cash is raised or distributed to financiers

Looking at the cash flow forecast helps you to make sure that your business has enough cash to keep running, and can help you anticipate potential cash shortfalls.

Your Ethiopian restaurant business plan will normally include both yearly and monthly cash flow forecasts so that the readers can view the impact of seasonality on your business cash position and generation.

The initial financing plan

The sources and uses table or initial financing plan is a key component of your business plan when starting an Ethiopian restaurant.

It shows where the capital needed to set up the business will come from (sources) and how it will be spent (uses).

This table helps size the investment required to set up the Ethiopian restaurant, and understand how risks will be distributed between the business owners, and the financiers.

The sources and uses table also highlights what the starting cash position will be. This is key for startups as the business needs to have sufficient funding to sustain operations until the break-even point is reached.

Now that you have a clear understanding of what will go into the financial forecast of your Ethiopian restaurant business plan, let's have a look at the written part of the plan.

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The written part of an Ethiopian restaurant business plan is composed of 7 main sections:

• The executive summary
• The presentation of the company
• The products and services
• The market analysis
• The strategy
• The operations
• The financial plan

Throughout these sections, you will seek to provide the reader with the details and context needed for them to form a view on whether or not your business plan is achievable and your forecast a realistic possibility.

Let's go through the content of each section in more detail!

1. The executive summary

In your Ethiopian restaurant's business plan, the first section is the executive summary — a captivating overview of your plan that aims to pique the reader's interest and leave them eager to learn more about your business.

When crafting the executive summary, start with an introduction to your business, including its name, concept, location, how long it has been running, and what sets it apart. Briefly mention the products and services you plan to offer and your target customer profile.

Following that, provide an overview of the addressable market for your Ethiopian restaurant, current trends, and potential growth opportunities.

Next, include a summary of key financial figures like projected revenues, profits, and cash flows.

Finally, in the "ask" section, detail any funding requirements you may have.

2. The presentation of the company

The second section in your Ethiopian restaurant's business plan should focus on the structure and ownership, location, and management team of the company.

The structure and ownership part provides an overview of the legal structure of the business, who the owners are and how much each has invested and owns. If you are seeking financing it is important that the reader gets a clear picture of which legal entity is receiving the funds, and who controls the business.

The location part should give an overview of the premises from which the company is operating, and why that location is of particular interest (catchment area, accessibility, amenities nearby, etc.).

When describing the location of your Ethiopian restaurant, you could focus on the potential it offers for drawing customers. You may be able to point to its proximity to a major shopping center or another popular restaurant, which could be a major draw for customers. Additionally, you might talk about the potential for customers from the surrounding area, as your restaurant could be a destination for diners looking to try out something new. You could also highlight the potential for local marketing opportunities and the potential for catering in the area.

Finally, you should introduce the management team. Explain each member's role, background, and experience.

It is also important to emphasize any past successes that the members of the management team have achieved, and how long they've been working together, as this will help potential lenders or investors understand why they should trust in their leadership.

3. The products and services section

The products and services section of your business plan should include a detailed description of the offerings that your company provides to its customers. 

For example, your Ethiopian restaurant could offer traditional Ethiopian cuisine such as doro wat (spicy chicken stew), misir wot (lentil stew) and tibs (sauteed beef or lamb) for customers to enjoy. Additionally, the restaurant could provide catering services for customers who wish to host a special event. Finally, the restaurant could offer traditional Ethiopian coffee ceremonies for customers to experience the unique culture and hospitality of Ethiopia.

When drafting this section, you should be precise about the categories of products or services you sell, the types of customers you are targeting and how customers can buy them.

4. The market analysis

When presenting your market analysis in your Ethiopian restaurant business plan, you should detail the customers' demographics and segmentation, target market, competition, barriers to entry, and any regulations that may apply.

The goal of this section is to help the reader understand how big and attractive your market is, and demonstrate that you have a solid understanding of the industry.

You should start with the demographics and segmentation subsection, which gives an overview of the addressable market for your Ethiopian restaurant, the main trends in the marketplace, and introduces the different customer segments and their preferences in terms of purchasing habits and budgets.

The target market section should follow and zoom on the customer segments your Ethiopian restaurant is targeting, and explain how your products and services meet the specific needs of these customers.

For example, your target market might include people from the Ethiopian diaspora who are looking to recreate the flavors they grew up with. Additionally, you could target adventurous diners who are eager to try something new. Finally, you could also target people who are interested in exploring different cultures and cuisines.

Then comes the competition subsection, where you should introduce your main competitors and explain what differentiates you from them.

Finally, you should finish your market analysis by giving an overview of the main regulations applicable to your Ethiopian restaurant.

5. The strategy section

When writing the strategy section of a business plan for your Ethiopian restaurant, it is essential to include information about your competitive edge, pricing strategy, sales & marketing plan, milestones, and risks and mitigants.

The competitive edge subsection should explain what sets your company apart from its competitors. This part is especially key if you are writing the business plan of a startup, as you have to make a name for yourself in the marketplace against established players.

The pricing strategy subsection should demonstrate how you intend to remain profitable while still offering competitive prices to your customers.

The sales & marketing plan should outline how you intend to reach out and acquire new customers, as well as retain existing ones with loyalty programs or special offers. 

The milestones subsection should outline what your company has achieved to date, and its main objectives for the years to come - along with dates so that everyone involved has clear expectations of when progress can be expected.

The risks and mitigants subsection should list the main risks that jeopardize the execution of your plan and explain what measures you have taken to minimize these. This is essential in order for investors or lenders to feel secure in investing in your venture.

Your Ethiopian restaurant may face the risk of a health inspection. The restaurant needs to meet all necessary health and safety regulations in order to stay open. This could mean that if any issues are found, it may lead to a hefty fine or closure. Your Ethiopian restaurant might also face the risk of a decline in customer demand. This could be due to a number of factors, such as changes in customer preferences or the introduction of new competitors. If customer demand drops, it could lead to a decrease in revenue and even threaten the survival of the restaurant.

6. The operations section

The operations of your Ethiopian restaurant must be presented in detail in your business plan.

The first thing you should cover in this section is your staffing team, the main roles, and the overall recruitment plan to support the growth expected in your business plan. You should also outline the qualifications and experience necessary to fulfil each role, and how you intend to recruit (using job boards, referrals, or headhunters).

You should then state the operating hours of your Ethiopian restaurant - so that the reader can check the adequacy of your staffing levels - and any plans for varying opening times during peak season. Additionally, the plan should include details on how you will handle customer queries outside of normal operating hours.

The next part of this section should focus on the key assets and IP required to operate your business. If you depend on any licenses or trademarks, physical structures (equipment or property) or lease agreements, these should all go in there.

You could have a key asset in the form of a unique recipe for a traditional Ethiopian dish. This recipe may be the basis of the entire restaurant's menu and could be considered a form of intellectual property. Additionally, the restaurant might have a signature logo or branding that could act as another form of IP. This logo could be used on menus, merchandise, and other promotional materials and could be a key asset in helping the business stand out from the rest.

Finally, you should include a list of suppliers that you plan to work with and a breakdown of their services and main commercial terms (price, payment terms, contract duration, etc.). Investors are always keen to know if there is a particular reason why you have chosen to work with a specific supplier (higher-quality products or past relationships for example).

7. The presentation of the financial plan

The financial plan section is where we will include the financial forecast we talked about earlier in this guide.

Now that you have a clear idea of the content of an Ethiopian restaurant business plan, let's look at some of the tools you can use to create yours.

What tool should I use to write my Ethiopian restaurant's business plan?

In this section, we will be reviewing the two main options for writing an Ethiopian restaurant business plan efficiently:

• Using specialized software,
• Outsourcing the drafting to the business plan writer.

Using an online business plan software for your Ethiopian restaurant's business plan

The modern and most efficient way to write an Ethiopian restaurant business plan is to use business plan software .

There are several advantages to using specialized software:

• You can easily create your financial forecast by letting the software take care of the financial calculations for you without errors
• You are guided through the writing process by detailed instructions and examples for each part of the plan
• You can access a library of dozens of complete business plan samples and templates for inspiration
• You get a professional business plan, formatted and ready to be sent to your bank or investors
• You can easily track your actual financial performance against your financial forecast
• You can create scenarios to stress test your forecast's main assumptions
• You can easily update your forecast as time goes by to maintain visibility on future cash flows
• You have a friendly support team on standby to assist you when you are stuck

If you're interested in using this type of solution, you can try The Business Plan Shop for free by signing up here .

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Hiring a business plan writer to write your Ethiopian restaurant's business plan

Outsourcing your Ethiopian restaurant business plan to a business plan writer can also be a viable option.

Business plan writers are experienced in writing business plans and adept at creating financial forecasts without errors. Furthermore, hiring a consultant can save you time and allow you to focus on the day-to-day operations of your business.

However, hiring business plan writers is expensive as you are paying for the software used by the consultant, plus their time, and their profit margin of course.

From experience, you need to budget at least £1.5k ($2.0k) excluding tax for a complete business plan, more if you need to make changes after the initial version (which happens frequently after the initial meetings with lenders or investors).

You also need to be careful when seeking investment. Investors want their money to be used to grow the business, not spent on consulting fees. Therefore, the amount you spend on business plan writing services (and other consulting services such as legal services) needs to be negligible relative to the amount raised.

The other drawback is that you usually don't own the business plan itself: you just get the output, while the actual document is saved in the consultant's business plan software - which makes it difficult to maintain the document up to date without hiring the consultant on a retainer.

For these reasons, outsourcing the Ethiopian restaurant business plan to a business plan writer should be considered carefully, weighing both the advantages and disadvantages of hiring outside help.

Ultimately, it may be the right decision for some businesses, while others may find it beneficial to write their business plan using online software.

Why not create your Ethiopian restaurant's business plan using Word or Excel?

Using Microsoft Excel and Word (or their Google, Apple, or open-source equivalents) to write an Ethiopian restaurant business plan is a terrible idea.

For starters, creating an accurate and error-free financial forecast on Excel (or any spreadsheet) is very technical and requires both a strong grasp of accounting principles and solid skills in financial modelling.

As a result, it is unlikely anyone will trust your numbers unless - like us at The Business Plan Shop - you hold a degree in finance and accounting and have significant financial modelling experience in your past.

The second reason is that it is inefficient. Building forecasts on spreadsheets was the only option in the 1990s and early 2000s, nowadays technology has advanced and software can do it much faster and much more accurately.

And with the rise of AI, software is also becoming smarter at helping us detect mistakes in our forecasts and helping us analyse the numbers to make better decisions.

Also, using software makes it easy to compare actuals vs. forecasts and maintain our forecasts up to date to maintain visibility on future cash flows - as we discussed earlier in this guide - whereas this is a pain to do with a spreadsheet.

That's for the forecast, but what about the written part of my Ethiopian restaurant business plan?

This part is less error-prone, but here also software brings tremendous gains in productivity:

• Word processors don't include instructions and examples for each part of your business plan
• Word processors don't update your numbers automatically when they change in your forecast
• Word processors don't handle the formatting for you

Overall, while Word or Excel may be viable options for creating an Ethiopian restaurant business plan for some entrepreneurs, it is by far not the best or most efficient solution.

• A business plan has 2 complementary parts: a financial forecast showcasing the expected growth, profits and cash flows of the business; and a written part which provides the context needed to judge if the forecast is realistic and relevant.
• Having an up-to-date business plan is the only way to keep visibility on your Ethiopian restaurant's future cash flows.
• Using business plan software is the modern way of writing and maintaining business plans.

We hope that this practical guide gave you insights on how to write the business plan for your Ethiopian restaurant. Do not hesitate to get in touch with our team if you still have questions.

Also on The Business Plan Shop

• In-depth business plan structure
• Key steps to write a business plan?
• Free business plan template

Know someone who owns or wants to start an Ethiopian restaurant? Share this article with them!

Founder & CEO at The Business Plan Shop Ltd

Guillaume Le Brouster is a seasoned entrepreneur and financier.

Guillaume has been an entrepreneur for more than a decade and has first-hand experience of starting, running, and growing a successful business.

Prior to being a business owner, Guillaume worked in investment banking and private equity, where he spent most of his time creating complex financial forecasts, writing business plans, and analysing financial statements to make financing and investment decisions.

Guillaume holds a Master's Degree in Finance from ESCP Business School and a Bachelor of Science in Business & Management from Paris Dauphine University.

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Business Plan Examples in Amharic: Templates and Samples for Ethiopian Entrepreneurs

Discovering the power of business plan examples in amharic.

As entrepreneur, process creating business plan daunting, if doing language native tongue. There plenty resources in Amharic guide through process. This post, explore importance business plan examples Amharic benefit Ethiopian business owners.

Why Business Plan Examples in Amharic Matter

Creating a business plan is crucial for any business, as it provides a roadmap for success and helps attract potential investors. However, for Ethiopian entrepreneurs who speak Amharic as their primary language, finding resources in their native tongue can be a challenge. Where business plan examples Amharic come handy.

By providing templates and guides in Amharic, these resources make it easier for Ethiopian entrepreneurs to understand and implement best practices in business planning. Not only empowers articulate business ideas effectively allows access level expertise knowledge English-speaking counterparts.

Real-Life Impact

Let`s take a look at a real-life case study to illustrate the impact of business plan examples in Amharic. A young entrepreneur in Addis Ababa, Ethiopia, had a brilliant business idea but struggled to articulate it in English. With the help of a business plan example in Amharic, he was able to create a comprehensive plan that effectively communicated his vision and goals to potential investors. This led to the successful launch of his business, which has since become a thriving enterprise in the heart of Addis Ababa.

Accessing Business Plan Examples in Amharic

Now that we understand the importance of business plan examples in Amharic, the next question is: where can you find these resources? Fortunately, there are numerous websites and organizations that offer business plan templates and guides in Amharic. Some most popular platforms include:

By accessing these resources, Ethiopian entrepreneurs can gain valuable insights and guidance in their native language, making the business planning process more accessible and empowering.

Business plan examples in Amharic play a vital role in empowering Ethiopian entrepreneurs to articulate their business ideas effectively and attract potential investors. By providing resources in their native language, these tools make the process of business planning more accessible and inclusive. As the entrepreneurial landscape in Ethiopia continues to evolve, it is essential to ensure that all aspiring business owners have the resources they need to thrive, regardless of the language they speak.

Legal Contract for Business Plan Examples in Amharic

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In witness whereof, the Parties hereto have executed this contract as of the date first above written.

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Ethiopian Restaurant Business Plan and SWOT Analysis

Ethiopian Restaurant Business Plan, Marketing Plan, How To Guide, and Funding Directory

The Ethiopian Restaurant Business Plan and Business Development toolkit features 18 different documents that you can use for capital raising or general business planning purposes. Our product line also features comprehensive information regarding to how to start an Ethiopian Restaurant business. All business planning packages come with easy-to-use instructions so that you can reduce the time needed to create a professional business plan and presentation.

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Over the past 25 years, Ethiopian food has become very popular primarily in major metropolitan area markets. It should be noted that these businesses have also gained traction in suburban markets as more and more people have become familiar with Ethiopian cuisine. These businesses typically only face a modest amount of competition in most major metropolitan area markets, suburban markets, as well as rural markets. These businesses, like all food and beverage businesses, generate relatively strong gross margins that usually range anywhere from 70% to 80%. The startup costs associated with the new Ethiopian restaurant typically range anywhere from $100,000 to $200,000 depending on whether or not the business is going to acquire a liquor license as part of its overall operations. These businesses typically operate with a strong degree of economic stability given that Ethiopian food is typically affordable to most people.

Given that this is a business that has a large amount of furniture, fixtures, and equipment – most private investors as well as financial institutions are willing to provide capital to launch these types of restaurants. Of course, an Ethiopian restaurant business plan is going to be required. This business plan should feature a three year profit loss statement, cash analysis, balance sheet, breakeven analysis, and business ratios page. Within the business plan, a full inventory of all the furniture, fixtures, and equipment should be listed as it will be used as collateral for any type of business loan that the entrepreneur may be seeking. The bank is also going to want to see a very well-developed demographic profile that showcases the average customer of the business while also outlining the median household income, population size, population density, and percentage of people that eat out within the document. A competitive analysis should also be included to not only discuss potential competitors that are also offering Ethiopian cuisine, but also other businesses that provide similar fare. This will ensure that the restaurant is operating in a market that can handle additional competition.

An Ethiopian restaurant SWOT analysis should also be produced. As it relates to strengths, Ethiopian restaurants really face a tremendous amount of competition in any market which launch operations. The gross margins from sales are high, the barriers to entry are moderate, and a liquor license can greatly expand the profitability of these businesses.

For weaknesses, like any food and beverage business or restaurant business – there are always risks associated with handling food. Additionally, the high startup cost and high operating expenses must be maintained properly in order to ensure that the business can reach profitability quickly.

For opportunities, one of the ways that these businesses often expand simply by establishing additional locations. These businesses also offer specialized catering services so that larger orders are placed with the business on an ongoing basis.

For threats, the biggest issue facing a restaurant business is a major economic recession. During these times, consumers will pull back on expenses such as eating out.

An Ethiopian restaurant marketing plan should also be developed in order to ensure that people will frequent the restaurant immediately at the onset of operations. Foremost, many entrepreneurs enter this market will distribute coupons, flyers, and specialized discounts so the people want to come and try the Ethiopian restaurant immediately. Food journals, and area newspapers can also be a great source of referrals once a food critic comes to location to try the cuisine. A strong review in a newspaper or food journal can be a huge boon for the business at the onset of operations. As such, the owner should try to contact newspapers within the local market in order to have a food critic come and try to location.

A presence on the Internet is also extremely important for any food and beverage business given that many people will seek out specialized cuisine – like Ethiopian food – on the Internet. The company’s website should clearly showcase the menu, hours of operation, location information, types of payment accepted, and any other piece of relevant information. This website should be mobile friendly. Many businesses also maintain profiles on Yelp.com and TripAdvisor.com in order to have customers leave positive reviews. A presence on social media platforms like Twitter, FaceBook, and Instagram are also a necessity for any type of restaurant business. Over time, the stronger views that are left by people going to the restaurant can be a valuable source of referral traffic for the business. Additionally, via social media – specialized deals and discounts can be showcased to hundreds of people immediately.

Ethiopian cuisine is still gaining popularity within the United States, and for a chef or entrepreneur that has familiarity with operating a restaurant and this type of cuisine these can be highly lucrative businesses. One of the key things to any food and beverage businesses to keep the prices affordable while maintaining a moderately low operating and overhead cost infrastructure. These can be very lucrative businesses to a qualified restaurateur. 

ከብር 10 ሚሊዮን እና ከዚያ በታች የካፒታል ዕቃ ኪራይ አገልግሎት ለሚጠይቁ አነስተኛ እና መካከለኛ ኢንተርፕራይዞች  የንግድ ዕቅድ ይዘት፤

• ማጠቃለያ/Executive summary

የንግድ ዕቅዱን አጠቃላይ ይዘት ከአንድ ገፅ ባልበለጠ ቦታ ይዳስሳል፤ ይኸውም የንግድ እቅዱ ጠቀሜታ፣ የምርት ጥራት እና አቅርቦት፣ የገበያ ሁኔታ፣ የገበያ ፉክክር፣ የወጪ እና ገቢ፣ የገንዘብ ፍሰት፣ የሃብት እና እዳ አጠቃላይ የፋይናንስ ትንበያ፣  እና የመሳሰሉት ጉዳዮችን፣ የፕሮጀክቱ ማኅበራዊ እና ኢኮኖሚያዊ ፋይዳ ባጭሩ ይዳስሳል፡፡

• የፕሮጀክቱ ዳራ/ Project Background

ስለ አመልካቹንና ፕሮጀክቱ አጠቃላይ መረጃዎችን ያብራራል፤

2.1.   የመልካቹ ሥም

ሀ. አመልካቹ የተፈጥሮ ሰው ከሆነ፤  ሥም እስከ አያት ድረስ

ለ. አመልካቹ ህጋዊ ሰውነት ያለው ከሆነ፤  የድርጅቱ የንግድ ሥያሜ

2.2.   አድራሻ

ሀ. የአመልካቹ አድራሻ:-  ሥም፣ የመ.ሣ.ቁ፣ ቀበሌ… ወረዳ … የቤት ቁጥር … ስልክ ቁጥር …..

ለ.   የፕሮጀክቱ አድራሻ፤  ክልል፣ ዞን፣ ወረዳ፣  ቀበሌ…  የቤት ቁጥር … ስልክ ቁጥር የመ.ሣ.ቁ፣…..

2.3.   የአመለካቹ የጋብቻ ሁኔታ

2.4.   የፕሮጀክቱ ዓይነት፤  ፕሮጀክቱ የተሰማራበት/የሚሰማራበት ንዑስ የኢኮኖሚ/የሥራ ዘርፍ ማለትም፤ የከብት እርባታ፣ ቆዳና የቆዳ ውጤቶች ምርት ወዘተ… ይጠቀሳል፡፡

2.5.   የድርጅቱ ዓይነት/ህጋዊ አመሠራረቱ/፡-  ድርጅቱ ሲመሰረት የግል ተቋም(solepropritorship)፣ በአጋር (partnership)፣ ኩባንያ(corporation) ፣ ኃላፊነቱ የተወሰነ ድርጅት(limited liability company) መሆኑ

2.6.   የፕሮጀክቱ   ሁኔታ፤  ፕሮጀክቱ አዲስ ወይም ነባር ስለመሆኑ

3.1.  አጠቃላይ ዳሰሳ፤  ምርቱ /አገልግቱ ስለሚቀርብበት ገበያ አጠቃላይ ዳሰሳ በማድረግ ለምርቱ /አገልግቱ አስተማማኝ ገበያ ስለመኖሩና ተፎካካሪዎቹን ማሸነፍ እንደሚችል ማሳየት

3.2.  ዒላማ ገበያ/Target Market፤  ፕሮጀክቱ ምርቱን/አገልግሎቱን ሊሸጥበት ስላቀደው ገበያና የሸማቹን ሁኔታ ይተነትናል

3.3.  የ አቅርቦት እና ፍላጎት ዳሰሳ፡-  የታቀደውን ምርት/አገልግሎት ለማምረት የሚያስፈልገው ግብዓትና ምርቱ በገበያው ውስጥ ያለው አቅርቦትና ገበያው ለምርቱ ያለው ፍላጎት ካለው የኢኮኖሚ ሁኔታ ጋር ማሳየት፣

3.4.  ተወዳዳሪዎችና የተወዳዳሪነት ምቹ ሁኔታ/የተፎካካሪነት ብልጫ፤  ፕሮጀክቱ ምርቱን የሚያቀርብበት ገበያ ውስጥ ስለሚገኙ ተወዳዳሪዎች ሁኔታና የፕሮጀክቱ ምርት/አገልግሎት ከተወዳዳሪዎች ልዩና ተመራጭ የሚደረጉትን ምቹ ሁኔታዎች ያብራራል

3.5.  የገበያ   ስልቶች፡ -  ምን ያህል እንደሚያመርት፣ ምርቱ የትና እንዴት እንደሚሸጥ፣ በምን ያህል ዋጋ እንደሚሸጥ እና ከተፎካካሪዎች በተሻለ ደንበኞችን እንዴት መሳብ እንደሚቻልና የገበያ ክፍፍሉን ማሳየት

3.6.  የዋጋ ትመና፡-   ድርጅቱ የምርቱን/አገልግሎቱን ዋጋ እንዴት እንደተመነና በዚህ ዋጋ እንዴት በገበያው ተወዳዳሪ እንደሚሆን ማሳየት

3.7.  የጥንካሬ፣ ድክመት፣ ምቹ ሁኔታና ሥጋት ትንተና/SWOT Analysis፤  ድርጅቱ ያለውን ጥንካሬና ድክመት እንዲሁም ከአካባቢው/ውጭ ኃይል የሚገጥሙትን ምቹ ሁኔታዎችና ሥጋቶች በአጭሩ በሠንጠረዥ መልክ ማቅረብ

4.1.  የፕሮጀክቱ መገኛ ቦታና ሳይት፤  ፕሮጀክቱ ስለሚገኝበት መልክዓምድራዊ መገኛ፣ ለግብዓት አቅርቦትና ለገበያ ያለው ቀረቤታ ይገልጻል

4.2.  የፕሮጀክቱ ኢንጂነሪንግ መግለጫ፤

ሀ. የማምረቻ ቦታዉ የሲቪል ሥራዎች መግለጫ፤  የህንፃውን አቀማመጥ፤ የማምረቻ አዳራሽ፣ ማከማቻ መጋዘን፣ ወርክሾፕ ሁኔታ ወዘተ… ለምርት ሂደቱ አመቺ መሆኑን መግለጽ

ለ. ማሽነሪና ቁሳቁስ፤  ለፕሮጀክ አስፈላጊ የሆኑ ማሽኖችና ቁሳቁሶች ዓይነት፣ ወጪና የአቅራቢዎች ዝርዝር፣  የማምረቻ ማሽኖችን ንድፈ ሃሳባዊ አቅም፣ የምርት ሂደት መግለጫ፣ የትግበራ እቅድ (የተከላ፣ የሰው ኃይል ተገኝነት፣ የሥልጠና ሁኔታ)፣ የመለዋወጫ ተገኝነት

4.3.  የመገልገያ እና የመሠረተ ልማት ሁኔታ፤  ፕሮጀክቱን በተቃና ሁኔታ እንዲንቀሳቀስ የሚያስችሉት መገልገያዎች እንደ ውሃ፣ መብራት፣ መንገድ የመሳሰሉት መሠረተ ልማቶች የተሟሉ ስለመሆኑ መግለጽ

4.4.  የምርት ሂደት፤   ምርቱ የሚያልፍባቸው ሂደቶች፣ የአመራረት ዘዴ፣ የምርት እቅድ፣ወዘተ… ይዘረዝራል

4.5.   የአካባቢ ተፅዕኖ ግምገማ:-  ፕሮጀክቱ በአካባቢው ላይ የሚኖረው ቀጥተኛና ቀጥተኛ ያልሆነ፣ አዎንታዊና አሉታዊ ተጽዕኖዎች እንዲሁም አሉታዊ ተፅዖኖዎችን ለማረም የሚጠቀማቸውን ዘዴዎች መግለጽ ይኖርበታል፡፡

4.6.  አጠቃላይ የድርጊት መርሃ ግብር ፡-  ፕሮጀክቱ ሥራ ከመጀመሩ በፊት ዋና ዋና ተግባራትን መለየት ያስፈልጋል፡፡ እያንዳንዱ ተግባር ምን ያህል ጊዜ እንደሚፈጅና ለትግበራው የሚያስፈልጉ ግብዓቶች በመጠንና በዋጋ መቀመጥ ይገባቸዋል፡፡

5    አደረጃጀት፣ አስተዳደር እና የሰው ሃይል

5.1  የድርጅቱ መዋቅር፡-  ድርጅቱ የሚያስተዳድራቸው ሠራተኞች፣ ያላቸው የሥራ ድርሻና ክፍፍል፣ ትብብርና ቁጥጥር፣ ድርጅታዊ ዓላማ ማሳካት ላይ ያተኮረ መሆኑ

5.2  የድርጅቱ አመራር ሙያ፣   ልምድ እና ክህሎት ዳሰሳ፡ - ድርጅቱን የሚመራው ግለሰብ የሥራ ልምድ፣ ብቃትና ያለው የመምራት አቅም

5.3  የሰው ኃይል፡-  ድርጅቱ የሚስፈልገው ክህሎት ያለውና ክህሎት የሌለው ባለሙያ ብዛትና ተገኝነት፣ የምልመላ ሥልጠና እቅድ፣ የሠራተኛ ደመወዝ፣ ማበረታቻና ጥቅማጥቅሞች፣

6    የፋይናንስ ዕቅድ

የፕሮጀክቱን ግምታዊ የገንዘብ ወጪ፣ የፋይናንስ ሥርዓትና ከፕሮጀክቱ የሚጠበቀውን ገቢ ያካትታል፡፡

6.1  የታቀደ ኢንቨስትመን፤  አጠቃላይ ፕሮጀክቱ ለካፒታል ዕቃዎችና ለሥራ ማስኬጃ የሚያስፈልገው ፋይናንስ መጠን፣ የፋይናንስ ስልት እና የተበዳሪው መዋጮን ያካትታል

6.2  አጠቃላይ የሽያጭ/ገቢ መጠን ትንበያ( revenue prediction )፡-  ድርጅቱ ባስቀመጠው የጊዜ መርሐ ግብር (time schedule) ምን ያህል ገቢ ለመሰብሰብ እንዳቀደ ያመለክታል

6.3  የክወና ወጪዎች ( Operating Cost )፡-  ፕሮጀክቱ ምርት/አገልግሎቱን ለመተግበር የሚስፈልጉ ቀጥተኛና ቀጥተኛ ያልሆኑ ወጪዎችን ለይቶ ማሳየት

6.4  የወጪ እና ገቢ ትንበያ( Income statement ):-  የትርፍ እና ኪሳራ ትንበያ፣ የገንዘብ ፍሰት ትንበያ፣ የሃብት እና እዳ መግለጫን ያካትታል፡፡

7    ማህበራዊ እና ኢኮኖሚያዊ ፋይዳ

ድርጅቱ ለህብረተሰቡ ምን ያህል የስራ ዕድል እንደፈጠረ  ወይም ለመፍጠር እንዳቀደ፣ ለመንግስት የሚከፍለው ዓመታዊ የገቢ ግብር መጠን፣ ከህብረተሰቡ ጋር ያለው ግንኙነት ምን እንደሚመስል፣ የውጭ ምንዛሪን ለማስገኘት ወይም የውጭ ምንዛሬ ለማዳን ከውጭ የሚገቡ ምርቶችን በሀገር ውስጥ ለመተካት ያለው አስተዋጽኦ

• መደምደሚያ  እና  አስተያየት፡-  አዲስ ድርጅት ለማቋቋምም ሆነ ነባሩን ለማስፋፋት ከላይ የቀረቡ ማሳመኛ ሃሳቦችን መሰረት በማድረግ የማጠቃለያና የመፍትሄ ሃሳብ በማቅረብ ፕሮጀክቱ የሊዝ ፋይናንስ አገልግሎት እንደሚያስፈልገው ማሳየት

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8 Business Plan Templates You Can Get for Free

8 min. read

Updated April 10, 2024

A business plan template can be an excellent tool to simplify the creation of your business plan. 

The pre-set structure helps you organize ideas, covers all critical business information, and saves you time and effort on formatting.

The only issue? There are SO many free business plan templates out there. 

So, which ones are actually worth using? 

To help remove the guesswork, I’ve rounded up some of the best business plan templates you can access right now. 

These are listed in no particular order, and each has its benefits and drawbacks.

What to look for in a business plan template

Not all business plan templates are created equal. As you weigh your options and decide which template(s) you’ll use, be sure to review them with the following criteria in mind:

• Easy to edit: A template should save you time. That won’t be the case if you have to fuss around figuring out how to edit the document, or even worse, it doesn’t allow you to edit at all.
• Contains the right sections: A good template should cover all essential sections of a business plan , including the executive summary, product/service description, market/competitive analysis, marketing and sales plan, operations, milestones, and financial projections. 
• Provides guidance: You should be able to trust that the information in a template is accurate. That means the organization or person who created the template is highly credible, known for producing useful resources, and ideally has some entrepreneurial experience.
• Software compatibility: Lastly, you want any template to be compatible with the software platforms you use. More than likely, this means it’s available in Microsoft Word, Google Docs, or PDF format at a minimum. 

1. Bplans — A plan with expert guidance

Since you’re already on Bplans, I have to first mention the templates that we have available. 

Our traditional and one-page templates were created by entrepreneurs and business owners with over 80 years of collective planning experience. We revisit and update them annually to ensure they are approachable, thorough, and aligned with our team’s evolving best practices.  

The templates, available in Word, PDF, or Google Doc formats, include in-depth guidance on what to include in each section, expert tips, and links to additional resources. 

Plus, we have over 550 real-world sample business plans you can use for guidance when filling out your template.

Download: Traditional lender-ready business plan template or a simple one-page plan template .

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2. SBA — Introduction to business plans

The U.S. Small Business Administration (SBA) offers two different business plan templates along with a short planning guide. 

While not incredibly in-depth, it’s enough to help you understand how traditional and lean plans are structured and what information needs to be covered. The templates themselves are more like examples, providing you with a finished product to reference as you write your plan.

The key benefit of using these templates is that they were created by the SBA. While they may provide less guidance, you can be assured that the information and structure meet their expectations.

Explore: The SBA’s planning guide and free templates

3. SCORE — Planning workbook

SCORE’s template is more like a workbook. It includes exercises after each section to help you get your ideas down and turn them into a structured plan.

The market research worksheets are especially useful. They provide a clear framework for identifying your target market and analyzing competitors from multiple angles. Plus, they give you an easy way to document all the information you’re collecting.

You will likely have to remove the exercises in this template to make it investor-ready. But it can be worth it if you’re struggling to get past a blank page and want a more interactive planning method.

Download: SCORE’s business plan template

4. PandaDoc — A template with fillable forms

PandaDoc’s library offers a variety of industry-specific business plan templates that feature a modern design flair and concise instructions. 

These templates are designed for sharing. They include fillable fields and sections for non-disclosure agreements, which may be necessary when sending a plan to investors.  

But the real benefit is their compatibility with PandaDoc’s platform. Yes, they are free, but if you’re a PandaDoc subscriber, you’ll have far more customization options. 

Out of all their templates, the standard business plan template is the most in-depth. The rest, while still useful, go a bit lighter on guidance in favor of tailoring the plan to a specific industry.

Explore: PandaDoc’s business plan template library  

5. Canva — Pitch with your plan

Canva is a great option for building a visually stunning business plan that can be used as a pitch tool. It offers a diverse array of templates built by their in-house team and the larger creative community, meaning the number of options constantly grows.

You will need to verify that the information in the template you choose matches the standard structure of a traditional business plan. 

You should do this with any template, but it’s especially important with any tool that accepts community submissions. While they are likely reviewed and approved, there may still be errors.

Remember, you can only edit these templates within Canva. Luckily, you only need a free subscription, and you may just miss out on some of the visual assets being used. 

To get the most value, it may be best to create a more traditional planning document and transfer that information into Canva. 

Explore: Canva’s business plan gallery

6. ClickUp — The collaborative template

Out of all the project management tools that offer free business plan templates, ClickUp’s is the most approachable.

Rather than throwing you into all the features and expecting you to figure it out—ClickUp provides a thorough startup guide with resource links, images, and videos explaining how to write a plan using the tool. 

There’s also a completed sample plan (structured like an expanded one-page plan) for you to reference and see how the more traditional document can connect to the product management features. You can set goals, target dates, leave comments, and even assign tasks to someone else on your team. 

These features are limited to the ClickUp platform and will not be useful for everyone. They will likely get in the way of writing a plan you can easily share with lenders or investors. 

But this is a great option if you’re looking for a template that makes internal collaboration more fluid and keeps all your information in one place.

Sign Up: Get a free trial of ClickUp and explore their template library

7. Smartsheet — A wide variety of templates

I’m including Smartsheet’s library of templates on this list because of the sheer number of options they provide. 

They have a simple business plan template, a one-page plan, a fill-in-the-blank template, a plan outline, a plan grading rubric, and even an Excel-built project plan. All are perfectly usable and vary in visual style, depth of instructions, and the available format.

Honestly, the only drawback (which is also the core benefit) is that the amount of templates can be overwhelming. If you’re already uncertain which plan option is right for you, the lengthy list they provide may not provide much clarity.

At the same time, it can be a great resource if you want a one-stop shop to view multiple plan types.

Explore: Smartsheet’s business plan template library  

8. ReferralRock affiliate marketing business plan

I’m adding ReferralRock’s template to this list due to its specificity. 

It’s not your standard business plan template. The plan is tailored with specific sections and guidance around launching an affiliate marketing business. 

Most of the template is dedicated to defining how to choose affiliates, set commissions, create legal agreements, and track performance.

So, if you plan on starting an affiliate marketing business or program, this template will provide more specific guidance. Just know that you will likely need to reference additional resources when writing the non-industry sections of your plan.

Download: ReferralRock affiliate marketing business plan template

Does it matter what business plan template you use?

The short answer is no. As long as the structure is correct, it saves you time, and it helps you write your business plan , then any template will work. 

What it ultimately comes down to, is what sort of value you hope to get from the template. 

• Do you need more guidance? 
• A simple way to structure your plan? 
• An option that works with a specific tool?
• A way to make your plan more visually interesting?

Hopefully, this list has helped you hone in on an option that meets one (or several) of these needs. Still, it may be worth downloading a few of these templates to determine the right fit. 

And really, what matters most is that you spend time writing a business plan . It will help you avoid early mistakes, determine if you have a viable business, and fully consider what it will take to get up and running. 

If you need additional guidance, check out our library of planning resources . We cover everything from plan formats , to how to write a business plan, and even how to use it as a management tool . 

If you don’t want to waste time researching other templates, you can download our one-page or traditional business plan template and jump right into the planning process.

See why 1.2 million entrepreneurs have written their business plans with LivePlan

Kody Wirth is a content writer and SEO specialist for Palo Alto Software—the creator's of Bplans and LivePlan. He has 3+ years experience covering small business topics and runs a part-time content writing service in his spare time.

Table of Contents

• Qualities of a good template
• ReferralRock
• Does the template matter?

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Cup of Excellence Returning to Ethiopia in 2024

Daily Coffee News Staff | April 15, 2024

With participation from key Ethiopian coffee institutions, the nonprofit Cup of Excellence (CoE) has announced the 2024 return of the Ethiopia Cup of Excellence green coffee competition and auction program.

Following the inaugural Ethiopia CoE in 2020, in which the auction of 28 winning lots generated US$1.34 million , the Ethiopia auction in 2022 saw the highest price ever paid for an Ethiopian coffee, at an astounding $400.50 per pound .

The Ethiopia CoE was suspended in 2023 after specific funds from the United States government’s  Feed the Future’s Value Chain Activity (FTFVCA) were no longer available. This year’s event is being held through a partnership between CoE sibling nonprofit the Alliance for Coffee Excellence (ACE), the Ethiopian Coffee and Tea Authority and the Ethiopian Coffee Association . 

According to CoE, which announced the Ethiopia program’s return during the 2024 SCA Expo this past weekend in Chicago, the 2024 event will come to Addis Ababa at some point in mid July.

A 2019 Cup of Excellence cupping. Daily Coffee News photo by Howard Bryman.

“Ethiopia is considered the birthplace of Coffea arabica and is renowned for its heirloom varieties so it was no surprise when farmers winning Cup of Excellence in 2022 broke records,” CoE Executive Director Erwin Mierisch said in the announcement. “Over 600 samples have already arrived in the regional warehouses with the notification only recently sent out to the farmers.”

Unlike previous iterations, the 2024 Ethiopia CoE will have two winning categories: natural process and washed process. The CoE is currently accepting applications for international jurors here . The group also said that, due to anticipated high demand, winning pre-auction samples will not be part of broader ACE sample packages, and that they will be “ more expensive as shipping costs from Africa tend to run much higher.”

Since its inception in Brazil in 1999 , CoE competitions and auctions have been held in 16 key coffee-producing countries, shining a light on coffee farmers and routinely fetching prices that are exponentially higher than commodity-driven prices.

There were 12 CoE programs last year. Additionally, ACE maintains its Private Collection Auction (PCA) program, partnering with private partners for high-end auctions.

Comments? Questions? News to share? Contact DCN’s editors here. 

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Tags: auctions , competitions , Cup of Excellence , Erwin Mierisch , Ethiopia Coffee Association , Ethiopia Cup of Excellence , Ethiopian Coffee and Tea Authority , green coffee

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