Writing a solid business plan is essential when applying for funding, registering with CIPC, or pitching your idea to investors. A clear plan helps you structure your goals, understand your market, and prove that your idea can generate profit.
To save you time, we’ve collected free and reliable business plan templates suitable for South African entrepreneurs — whether you’re starting a small salon, a spaza shop, or a tech startup.
Why you need a business plan
- To secure funding from institutions like NYDA, SEFA or DTIC.
- To clarify your business goals and financial projections.
- To manage operations and monitor growth effectively.
- To attract investors or partners with a professional proposal.
Free business plan templates (downloadable)
The following templates are free to use and compatible with South African funding applications:
- Knysna Municipality (PDF) — Official Source
- Old Mutual Limited – Business plan template
- FNB (First National Bank) – Business Plan Guidelines
We recommend using a local (South African) format whenever possible. These templates are accepted by most funders and comply with CIPC and SEFA requirements.
Tips for writing your business plan
- Start with a short executive summary that highlights your business purpose and goals.
- Include realistic financial projections — don’t overestimate profits.
- Provide accurate market research and competitor insights.
- Attach necessary compliance documents (CIPC, SARS tax clearance, etc.).
Sections to include
- Executive Summary
- Business Description
- Market & Competitor Analysis
- Marketing Strategy
- Operations Plan
- Financial Plan & Funding Needs
- Appendices (licenses, compliance, or resumes)
Common mistakes to avoid
- Copying templates without editing them to fit your idea.
- Forgetting cash flow or startup cost estimates.
- Not updating your plan as your business evolves.
- Using outdated data or unrealistic assumptions.
Useful links for entrepreneurs
- Business Funding Opportunities →
- Register a Company with CIPC →
- Marketing Tips for Small Businesses →
FAQ — Business Plan Templates
Q: Can I use these templates for a funding application?
Yes. The SEFA and SEDA templates meet most funding requirements.
Q: Do I need an accountant to create my business plan?
Not necessarily. You can use free templates and online guides, but a financial expert can help refine projections.
Q: How often should I update my business plan?
At least once a year, or whenever major changes occur — such as new products, partners, or funding.
Last updated: November 2025
Disclaimer: MyInfoHub provides information and links to official and trusted external sources. Always verify template requirements with the funding agency before submission.
