sample question for business plan

135 Business Plan Questions

Embarking on the business journey of your dreams begins with a robust business plan. This plan is not just a document—it’s the roadmap to your success, painting a clear picture of where you’re headed and how you plan to get there.

Whether you’re a seasoned entrepreneur or a hopeful startup pioneer, the questions I’ve compiled are designed as your compass, guiding you through the intricate landscape of business strategy.

From your executive summary to the details of your financial projections, each question serves to dig deep into the essence of your vision, solidifying your plan with precision and care.

Table of Contents

Executive Summary

• What is the core mission of your business?
• How would you describe your company’s business model in simple terms?
• What unique problem does your business solve for its customers?
• What are the short-term and long-term goals of the company?
• Who are the intended clients or customers of your business?
• What is the vision statement for your business?
• Who are the founders and key team members, and what are their roles?
• How does your company set itself apart from the competition?
• What are the main achievements or milestones of your business to date?
• What key opportunities do you see in the market?
• How much funding are you seeking, and how will it be used?
• What are the main products or services your company offers?
• What is the current stage of your business (concept, start-up, growth)?
• How do you see your company evolving in the next five years?
• Can you summarize the financial outlook and projections for your company?

Company Description Considerations

• What is the legal structure of your business (e.g., sole proprietorship, LLC, corporation)?
• How did the idea for the business originate, and how has it been developed?
• Who are the target customers, and why will they choose your business?
• What are the key elements of your business’s operations?
• What are the specific advantages of your location or facilities, if any?
• How does your company’s history and background set it up for success?
• What business sector or industry does your company fall under?
• How does your company contribute to the economy and community?
• What partnerships or collaborations are essential to your business?
• What are the core values and culture of your company?
• How does your business respond to changes in the market?
• What relevant certifications, licenses, or permits does your business hold?
• What are the main risks and challenges your business faces?
• What role does sustainability play in your company’s operations?
• How does diversity and inclusion manifest in your company?

Market Analysis

• Who is your primary target market, and what are their defining characteristics?
• How large is the target market, and what is its projected growth?
• What are the trends and themes currently shaping your target market?
• Who are your top competitors, and what are their strengths and weaknesses?
• What is your market share, or what market share do you project to capture?
• How do your target customers make their purchasing decisions?
• What factors influence the demand for your products or services?
• What barriers to entry exist in your market, and how can they be overcome?
• How does pricing play a role in your market position?
• What is your value proposition to customers in comparison to competitors?
• How might technology impact your market in the future?
• What are the legal or regulatory factors affecting your market?
• How have external factors like the economy affected your market historically?
• How does geography affect your market and business model?
• What are the risks associated with your target market?

Organization and Management Structure

• Who comprises the leadership team, and what are their backgrounds?
• What is the organizational structure of your business?
• How will your management team help achieve the business’s goals?
• What gaps exist in your current team, and how do you plan to fill them?
• What are the roles and responsibilities of your management team members?
• How does the management structure align with your business strategy?
• How does your team make decisions and communicate internally?
• What systems are in place for performance management and accountability?
• What is your plan for recruiting and retaining skilled employees?
• How do you approach leadership development and training?
• How does the current team’s expertise align with the business goals?
• What are the board of directors’ roles, if applicable?
• How do you plan to create a productive company culture?
• What external advisors or consultants does the business use, and why?
• How have you planned for succession in key management roles?

Service or Product Line Inquiry

• What are the main products or services your business offers?
• How do these products or services fulfill customer needs?
• What is unique about your products or services?
• How does product/service quality compare to competitors?
• What is the lifecycle of your products or services?
• How is your product or service produced or delivered?
• Are there any patents, copyrights, or trademarks involved?
• What research and development activities are you pursuing?
• How do you plan to expand your product or service range?
• What customer feedback have you received about your product or service?
• How does your product or service adapt to changes in the market?
• What is the pricing strategy for your products or services?
• How does your product or service contribute to your brand image?
• What are the future plans for developing your product or service?
• How do warranty or guarantee terms play into your offering?

Marketing and Sales Strategies

• What marketing channels will you use to reach your target audience?
• How will you position your company within the market?
• What promotional strategies will you utilize to attract customers?
• What is your sales forecast for the first year and beyond?
• How will you set sales targets and measure success?
• What sales tactics will you employ to enhance customer acquisition?
• How will your marketing and sales strategies evolve as the business grows?
• What is your approach to online and social media marketing?
• What customer relationship management processes will you put in place?
• How do you plan to establish your brand identity?
• What partnerships or sponsorships will you leverage to enhance marketing?
• What are your strategies for repeat business and customer loyalty?
• What is your process for tracking marketing ROI?
• How do customer service and support fit into your sales strategy?
• How does your marketing strategy cater to different customer segments?

Funding Request Fundamentals

• How much total funding is required to reach your business objectives?
• What specific purposes will the funding be used for?
• What is your proposed timeline for the utilization of funds?
• What types of funding (e.g., equity, loan) are you pursuing?
• How will investors or lenders get a return on their investment?
• What is the current financial position of the business?
• How much equity are you willing to exchange for investment?
• What are the key financial milestones that the funding will help achieve?
• What are the terms you’re seeking for any loans?
• How do you plan to manage cash flow and ensure financial stability?
• What collateral, if any, are you offering to back up your funding request?
• How does the funding impact your business’s financial projections?
• What is the exit strategy for investors?
• How will additional funding influence your strategic business decisions?
• What contingencies do you have in place if you don’t secure the expected funding?

Financial Projections and Feasibility

• What are your financial forecasts for the next three to five years?
• How did you arrive at your revenue and expense estimates?
• What are the key assumptions underlying your financial projections?
• What are the projected cash flow statements for the next few years?
• What is your break-even analysis showing?
• What are your strategies for maintaining a healthy profit margin?
• How do you plan to monitor and manage financial risks?
• What is your approach to pricing and cost control?
• How will you balance reinvestment in the business with profitability?
• What financial metrics will you use to gauge business performance?
• How will you handle unexpected financial shortfalls or emergencies?
• What is your strategy for financial record-keeping and accounting?
• How do customer payment terms and cycles affect your cash flow?
• What financial software or tools do you use for projections?
• How will financial trends and economic conditions potentially impact your projections?

Appendix and Supporting Documents

• What supporting documents will you include in the appendix?
• How will these documents reinforce your business plan’s credibility?
• What resumes or biographies of your team members will you present?
• What legal documents are relevant to include (e.g., licenses, permits)?
• How can we access extensive market studies mentioned in the plan?
• What are your key technical product specifications or service descriptions?
• How do your financial statements and accounting documents get audited?
• What testimonials or case studies from customers can you showcase?
• What press coverage or media mentions has your business received?
• Can you provide industry endorsements or expert opinions?
• How will technology prototypes or demos be made available for review?
• What are your policies and procedures manuals like?
• How do your charts, graphs, and tables support your plan’s data?
• What correspondence or contracts with suppliers/partners are appropriate to include?
• How does your intellectual property documentation reflect on your business’s value?

Frequently Asked Questions

Can i write a business plan myself, or should i hire a professional.

Writing a business plan yourself is possible, especially with the aid of specific questions that cover all business aspects. However, hiring a professional can provide expertise and a polished result, particularly if you seek significant funding.

How often should I update my business plan?

Regular updates are crucial—annually at minimum or more often if your business is rapidly changing. This keeps your business plan relevant and useful as a dynamic, guiding document.

What’s the most critical part of a business plan?

While all sections are important, the Executive Summary is critical as it’s often the first (and sometimes only) part read by potential investors or partners. Clear and compelling financial projections are also vital for potential funders.

Final Thoughts

As your blueprint comes together, remember that the strength of your business plan lies in its details and its ability to represent the vision and practicalities of your enterprise honestly.

The questions outlined will challenge you to think critically, anticipate future hurdles, and prepare for success. With these comprehensive inquiries as your cornerstone, you can turn your business from a dream into an actionable, thriving reality.

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Bea Mariel Saulo

More From Forbes

Top 10 questions every business plan should answer.

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Starting and building your own business can be overwhelming.  And while many business owners cringe at the mere mention of drafting a business plan, it is a great exercise to get your business back on track and to plan for future growth. More specifically, it forces you to map out where you are now, where you need to go and most importantly how you plan to get there.  If you are a first time business owner, or have never written a business plan, you may not know where to start. Our friends at Corporate Tax Network have helped thousands of business owners meet their goals through financial and business planning strategies. Below is their list of the Top 10 Questions Every Business Plan Should Answer.

1) What is the need that your business exists to satisfy?

• Every business exists because of some noticeable opportunity that you have discovered within the market. So you must clearly define the need and/or problem you are solving with this business.

2) How will your business satisfy the need?

• Introduce and describe the business itself. Consider including a mission or vision statement with objectives detailing how the business satisfies the need in the market.

3) How does your company differentiate itself?

• Describe your business model and competitive advantage. This will help you to outline how the business will sustain its position within the market.

4) Who will be the key players in the business?

• Name the management team, board and advisers to the business. Highlight their expertise and experiences.

5) How big is the market you are entering?

• Only after understanding the industry you are entering – its size, attractiveness and profit potential – can you truly justify the opportunity.

6) Who will you be targeting as customers?

• Narrowing down your target customer will help enhance and define your marketing strategy.

7) What will be your most effective marketing and promotional strategies?

• Once you’ve identified your target client, you’ll need to develop and implement a strategy on how best to reach them (e.g. PPC, television, radio, social, etc). And this in large part will be influenced by where your target client consumes information.

8) What are the economics of your business?

• Define your revenue streams including pricing structure, costs, margins and expenses.

9) How much money is required to get your business started and generating revenue?

• Identify needed capital requirements by determining where your business stands today, and what is needed in order to move forward.  Also, if you are in need of outside funding, what will be the sources and uses of funds requested.

10) What needs to happen to break-even?

• Play around with financial projections and forecasts to determine the volume of sales needed to cover your expenses and to become profitable.  Include monthly breakdowns for the first two years.

Whether your objective is to find an investor, get a business loan or just improve the way you run your business, your business plan must answer these key questions.  Remember, there is no right or wrong answer, but addressing these questions will help you build a roadmap for your business.  And, of course, the better the map, the greater the likelihood that you’ll reach your destination!

For more information on financial strategies, contact our partners at Corporate Tax Network today. They have a team of business consultants and tax advisors standing by to help you. You can also follow them on Twitter for daily business information.

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50 questions to ask clients in a business planning questionnaire

A strong business plan helps set the foundation for a successful business venture. Whether you’re a copywriter or a business consultant, you likely spend your days helping entrepreneurs flesh out how they want to present their business to the public, investors, or their target market. 

Half of your job involves getting inside the minds of entrepreneurs to pick out all the most necessary information you need to craft a detailed business plan they’ll be happy with. If you’re looking for a way to spend less time gathering information and more time crafting the plan, then crafting a business planning questionnaire will do you good. 

In this post, we’ll share a list of questions you can ask entrepreneurs in a business plan questionnaire, plus we’ll share a tool you can use to collect responses quicker than ever.  

Why is preparing a business plan questionnaire a good call?

A well-structured questionnaire pushes your clients to think critically about every aspect of their business, ensuring no important elements are missed in the resulting business plan. In a nutshell, the more detailed the questionnaire is, the more organized and comprehensive the business plan will be. 

A strong business plan ensures all stakeholders are on the same page when it comes to the business’s direction and objectives. It also answers all questions and concerns investors might have regarding the financial health and trajectory of the business. 

Additionally, it acts as a reference point for clients to monitor progress and hold themselves accountable for meeting business goals, providing a framework for regularly reviewing and adjusting their business strategy as needed. 

Questions to ask your clients in a business plan questionnaire 

Executive summary/business overview questions.

• What is your business name? 
• Where is your business located/based out of?
• What is your business’s legal structure? - Sole proprietorship - Partnership - Limited corporation - Unlimited corporation 
• Describe what your business does in one sentence.
• What is the market opportunity or problem that your business aims to address?
• What is your business’s mission statement?
• What is your business’s vision statement?
• What is the return on investment (ROI) your customers can expect to see?
• Why should an investor be interested in your business?
• What is your unique value proposition?

Market analysis questions 

• Who are your target customers/ target market? 
• What are the primary needs and preferences of your target customers?
• List some of your main competitors.
• List some of your indirect competitors. 
• What features/offerings differentiate your business from your competitors?

Products and services questions

• What products or services does your business offer?
• What features of your products or services make them unique compared to other market options?
• What is your pricing strategy?
• What is your revenue model?

Marketing strategy and sales questions

• What marketing channels do you currently use?
• How will you measure the effectiveness of your marketing efforts?
• What are your sales goals for the upcoming year?
• What is your sales strategy?
• What key performance indicators are you tracking to evaluate the success of your company? 

Operations questions

• What are the key operational processes in your business?
• What technology or tools do you use for your operations?
• What are the major challenges you face in your operations?
• How do you plan to scale your operations as your business grows?

Financial planning questions

• What is your current financial status (e.g., revenue, profit, cash flow)?
• What are your projected financials for the next year?
• What are your primary sources of funding?
• How do you plan to manage your financial risks?

Human resources questions

• How many employees do you have?
• How many employees make up your management team? 
• What is your hiring plan for the next year?
• What are the key roles you need to fill to achieve your business goals?
• How do you plan to develop and retain your employees?

Legal and compliance questions

• What legal structure is your business operating under?
• Are there any industry-specific regulations or compliance requirements you must meet?
• How do you plan to manage legal risks?
• What insurance policies do you have in place?

SWOT analysis questions

• What are the strengths of your business?
• What are the weaknesses of your business?
• What opportunities do you see in the market?
• What threats could impact your business?

Strategic planning questions

• What are your top three strategic priorities for the next year?
• What milestones do you need to achieve these priorities?
• What resources do you need to meet your strategic goals?
• How do you plan to measure the success of your strategic plan?

Supporting documentation

Upload any supporting documentation that can help inform the business plan. (Financial documents, business license, sales/marketing presentations, SWOT analysis image). 

What is the fastest way to put together a business plan questionnaire?

You can easily take the above sample survey questionnaire, copy and paste the questions, and throw it into a Word document or form builder tool of your own — or better yet you could save endless time on all the above by using Content Snare instead. 

In addition to providing a ready-to-send business plan questionnaire template in its dashboard, it also helps you streamline the data collection process with:

Automatic reminders Ever run into a situation where you request information from clients and they take forever to get back to you? With Content Snare, you can choose a deadline then the tool will remind your clients to complete your questionnaire on time. This means you won’t have to waste time sending endless follow-up emails. 

Large document/image uploads Content Snare supports large file size uploads so your clients can upload their business license, sales and marketing presentations, or other financial documents needed for you to write their business plan without any hassle. The tool helps you collect everything all in one place so you don’t have to collect text responses in one place and then use a whole other platform like Dropbox to gather the rest.

Approve/reject/comment features It’s not uncommon for clients to submit insufficient information or upload the wrong files once in a while. Content Snare helps you notify your clients if any of their responses need a revision within the dashboard itself, so you don’t have to chase them over email. 

An easy client experience We can all agree that there’s nothing worse than spending ages completing a form, only to get timed out and have to enter all your information again. Content Snare spares your clients from ever having to go through this inconvenience by automatically saving responses so they can exit and re-enter the form as many times as they want. It always helps to use an intuitive tool!

Ready to give it a go? Try Content Snare for free for 2 weeks below! 

Create a business plan questionnaire with Content Snare

Sign up for your trial to get our template for free. Send our business plan questionnaire to your clients as-is, or customize it as you see fit.

Sylva Sivz is a seasoned copywriter here at Content Snare, based out of Vancouver, Canada. She has spent years working in agency environments and moonlights as a touring house DJ!

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