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Finance Personal Statement Examples

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• Finance Personal Statement Examples

Here are two finance personal statement examples from some of the best students in undergraduate and postgraduate programmes. Both examples you can use as inspiration and motivation to write your own personal statement for university . 

Finance Personal Statement

Ever since I discovered my passion for the finance industry at a young age, I have been determined to pursue a career as a financial consultant and advisor. It is this unwavering ambition that has led me to apply for the MSc course in Finance at the esteemed London School of Economics and Political Science (LSE). I firmly believe that this course will provide me with the necessary tools and knowledge to achieve my career goals by expanding my understanding of financial products, the intricate workings of financial markets, and investment banking.

The reputation of LSE as a university of academic excellence is one of the key reasons for my decision to apply. I am aware of the university’s ability to equip students with critical analysis skills that are essential for becoming leaders in their chosen sectors. Moreover, being located in the heart of London provides unparalleled opportunities for networking and professional development in the world of business and finance. The course’s comprehensive approach, which strikes a balance between theoretical and practical modules, is also highly appealing to me.

My educational background in accounting has laid a solid foundation for my advanced studies in finance. Through my coursework in accounting, I have developed strong numerical skills and gained practical experience in management accounting and reporting roles within financial firms. It was during my studies that I discovered a particular interest in Strategic Financial Management, where I was introduced to financial products such as equities, derivatives, fixed income, and bonds, along with their significance in financial markets. Building on this knowledge, I have become a qualified accountant and have gained valuable work experience as an Associate at Deloitte, where I am part of the project management team, responsible for decision support. This role has honed my ability to work under pressure and within tight time constraints, allowing me to meet urgent and conflicting deadlines.

To stay up-to-date with the dynamic financial market, I avidly follow financial news through subscriptions to reputable media platforms such as the Financial Times, the Economist, and Bloomberg. Additionally, I engage in various hobbies such as travelling, watching movies and documentaries, and reading to broaden my knowledge and stay informed about current affairs. As a sports enthusiast, I follow tennis, football, boxing, and Formula One racing. These diverse interests have cultivated qualities such as ambition, intuition, focus, and self-discipline, which drive me to excel in any endeavour. I value the input and opinions of others, making me an effective team player, while also possessing the independence and initiative to work autonomously. I firmly believe that these qualities will contribute to my success as a finance analyst and enable me to excel academically.

Looking toward the future, I aspire to establish a reputable financial consulting firm in my home country, Nigeria. This firm would provide a range of financial services to both companies and public institutions. I recognise that achieving this goal will require years of experience, cultivating the right connections, and personal determination. Pursuing an MSc in Finance from LSE will better equip me to manage corporate, strategic, and financial opportunities, while also providing the opportunity to learn from talented professors and compete with exceptional graduates. I am convinced that this course is a crucial step toward realizing my long-term aspirations.

The increasingly evident impact of financial risk on our world has captivated my interest like never before. The interplay between the financial sector, government, and the general public dominates news stories, emphasizing the significance of understanding the industry. With my passion for finance nurtured from an early age, I have dedicated myself to attaining a comprehensive understanding of both the theoretical and practical aspects of global finance through high-level studies and extensive work experience in diverse industrial and international contexts.

Currently, in my fourth year of a degree in Finance, Risk, and Investment at Caledonian University, I have developed a strong foundation of knowledge in the field. Moreover, I have delved deeper into specific areas

Finance Personal Statement Example

Since my early years, extensive international travel has shaped my perspective on the world, particularly the stark economic contrasts between the ‘Third World’ and the ‘Western World.’ Having the privilege of experiencing different cultures and economies through my parents, who have lived in Africa, Europe, and the USA, I have developed a deep curiosity about the mechanisms that drive global economies. This curiosity has led me to pursue Economics at A Level, as I believe it is at the core of world discussions and can provide a comprehensive understanding of current news articles and their correlation to the subject.

Through my readings, such as Tim Harford’s ‘The Undercover Economist,’ I have come to appreciate the analogy that economics is like engineering, offering insights into how things work and the consequences of changing them. I see economics as an intricate puzzle, requiring economists to integrate economic theories with government policies to solve complex economic problems. Attending conferences at prestigious institutions like the University of Warwick and Oxbridge has broadened my perspective on economics, with theories like Freakonomics intriguing me and sparking a desire to explore the unexpected links between seemingly unrelated phenomena.

My passion for economics is complemented by a strong affinity for mathematics , which has been nurtured since my childhood. From playing mental maths games to tackling complex problem-solving at A Level, I have developed analytical abilities that were put to the test during a taster day at Cass Business School. Through quick thinking and effective teamwork, I excelled in a trading shares simulation, resulting in my group being the most profitable. Furthermore, my participation in a business management enterprise day at the University of the West of England allowed me to showcase my skills, leading to the recognition of the ‘Best Business Idea.’

To gain practical experience in the finance sector, I sought work opportunities that would provide me with invaluable insights. My time at Britannia Building Society exposed me to the inner workings of retail banking, allowing me to shadow the branch manager, work closely with financial planning advisors, and handle transactions at the tills. This experience introduced me to financial assets, including options for investing in bonds, shares, and increasing savings. Additionally, working at Harrison’s Accountancy and Insolvency Agency gave me valuable knowledge about liquidations and insolvencies of businesses, further solidifying my interest in pursuing a career in finance.

Staying updated with current financial affairs is crucial to me, and I regularly read the economy sections of reputable sources such as the BBC website and The Economist. Subscribing to a weekly update from RBS provides me with topical developments in the financial markets. Alongside my commitment to academic and professional pursuits, I have also developed essential skills through my job at O2 Retail. This experience has sharpened my interpersonal skills and honed my ability to negotiate mutually beneficial deals for both customers and the company. As a captain of my football team, I have learned the value of leadership, motivation, and maintaining high team morale, skills that have translated into success in class debates and the trading shares simulation at Cass Business School.

During a recent trip to Switzerland, I had the opportunity to meet with the assistant vice president at Credit Suisse, who shared insights into exchange rate processes within a leading investment bank. These conversations further solidified my understanding of the close relationship between economics and the finance sector.

Through a comprehensive study of Level Economics and practical experiences, I have been able to bridge the gap between theory and real-world situations. Engaging with professionals in the field has deepened my appreciation for the vital connection between economics and finance. I am confident that pursuing a university education will equip me with the necessary knowledge and skills to navigate the dynamic and fast-paced world of financial markets.

My passion for finance and economics was sparked by the Lehman Brothers’ bankruptcy and the subsequent financial crisis when I was 21 years old. The events of that

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Sample Personal Statement Accounting and Finance

by Talha Omer, MBA, M.Eng., Harvard & Cornell Grad

In personal statement samples by field.

The following personal statement is written by an applicant who got accepted to several top accounting and finance programs. Variations of this PS got accepted at the University of Michigan, Vanderbilt, and Indiana University. Read this personal statement to understand what a top essay in Accounting and Finance should look like.

Example Personal Statement Accounting and Finance

I have never made popular choices, whether academic or professional. Where high academic achievement irrefutably means pursuing a career in Medicine or STEM, I opted for a career in management. I was free to choose a path for myself, owing to my performance during an extensive pre-induction professional training program. Fortunately, I picked a path that everyone believed was insignificant.

My decision to move to a new city to pursue my path did not receive encouragement. Making my own decisions has given me the freedom to dream and make it a reality. It has strengthened my belief that I am the only one who can bring a difference for myself and those around me. Brazil’s institutions may seem frozen, yet, at the grassroots, Brazil is in perpetual motion with ceaseless creativity. To accelerate this motion, we need to bring better and more affordable solutions; I plan to do that.

Growing up in Brazil, I have constantly questioned why we are still not growing economically despite having abundant resources. I frequently discussed the economic factors affecting us with my father, leading me to work at local NGOs and attend voluntary programs. My interest intensified when I discovered during these experiences that the unequal distribution of resources was a major cause of our economic constriction.

Moreover, our medical, engineering and academic professionals would not work in rural areas due to a lack of facilities, further debilitating the imbalance. It made me realize that we could only reap the benefits of our efforts if there were a proportionate distribution of resources. Realizing how effective mobilization of resources can aid in eradicating social ills, I developed an interest in management. This equipped me with technical knowledge and provided room for opinion building.

Pursuing this path, I joined the leading undergraduate institution in the country. The zeal with which I made this decision led me to graduate summa cum laude. While studying, I taught communication skills to undergraduate business students from rural areas. Meeting these students compelled me to get involved even though I lacked formal teaching training. Through empathy and friendly get-togethers, I was able to help these students conveniently traverse in English. With this experience, I understood that my time and energy had been well spent and that as an agent of change, one does not necessarily need to be exceptional; instead, one requires creativity, patience, and emotional intelligence.

After graduation, I followed through with my goal of facilitating change by joining the banking sector as an accounting and finance trainee. By working in Brazil’s most vital financial sector, I was exposed to diversified experiences, from being as simple as issuing customer chequebooks to designing accounting and credit proposals to the tune of USD 1.2 billion. Furthermore, while working on individual projects, I developed an in-depth understanding of international accounting rules that regulated trade transactions; the learning opportunities were immense.

Two and a half years of experience in the finance sector brought me to work for the country’s central bank. The anxiety that accompanied moving away from home for the first time was overwhelmed by my professional and personal growth. Nine months of extensive training and on-the-job assignments exposed me to interminable learning opportunities. However, my real gain has been in the form of self-improvement and growth that accompanied my first experience living independently. Leaving the protective living that I enjoyed with my family is challenging, but it has developed and strengthened my capabilities of taking and owning my decisions. Above all, knowing that my family is not always around to guide me has instilled in me a greater sense of responsibility.

During the two a half years of experience in accounting and finance, I observed the financial exclusion experienced by some important yet financially constrained sectors of the economy. This exposure motivated me to join the Development Finance Department upon my appointment to the country’s central bank. Moreover, most of the firms operating in any country of the world are either small or medium enterprises. Thus, providing an enabling environment to such enterprises is significant for economic growth and employment generation.

In Brazil also, 90 percent of the enterprises are small and medium-sized, and lack of access to formal sources of finance is a significant impediment to these enterprises’ growth. Therefore, a huge room for improvement is available concerning the development of policy framework and market infrastructure for the financial inclusion of this sector. As a part of the central bank, I have been allowed to intervene in a system that is not effectively performing its role of financial intermediation. Innovation in financial products, development of accounting and risk mitigation strategies are requirements to alleviate this segment’s financial exclusion.

By broadening my exposure and enhancing my knowledge, I aim to equip myself better to address the shortcomings of one of the critical segments of the economy.

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Dr Fatimah Zainudin from the University of Southampton’s management school is looking for 'the "chemistry" that makes an applicant shine out,’ so try and demonstrate your enthusiasm about the course and the buzz you'll get from studying it.

'What we love to see is a passion for the subject itself. If you fall in love with the subject, that’s what will lead to success on the course; it will give you the right chemistry,' she says.

Demonstrate your enthusiasm

If you can demonstrate what's sparked your interest in finance and accounting, that's a good start – but it’s no good just saying you’ve got a passion for it, you have to show it.

If you’re not the kind of person who gets very passionate about things, don’t worry. But do still try to explain what it is that attracts you to studying it. Then back it up with evidence of your relevant skills, knowledge or experiences and show that you understand something about what’s involved. That should solve it.

See our in-depth guides to studying finance or accounting at university, from typical modules to career paths, for some inspiration.

Finance and accounting personal statement must-haves

• Get the basics right: good communication skills are essential to anyone working in the finance sector, so make sure your statement is well-written. Nobody is asking for a literary masterpiece here, just a well-structured and waffle- and error-free statement.
• Interest in the subject: Sheffield Hallam University is looking for you to demonstrate 'an interest in and awareness of accounting and finance, or some level of practical experience.' Similarly, Bristol is looking for 'interest and commitment to the subject.' This means conveying enthusiasm for studying it and showing that you understand something about it, whether that comes from reading, work experience, or studying relevant topics in your A level, BTEC, or Higher course.
• Business awareness: University of Bath selectors are expecting students to have an interest and aptitude for 'quantitative analysis of business issues.' Demonstrate this with evidence that shows your abilities for applying mathematical skills to the analysis of business problems.
• Beyond the classroom: The University of Bristol is looking for 'intellectual curiosity – reading or research beyond the A level (or equivalent) syllabus.’ This is always good practice in personal statements, provided you then reflect on what you learned from your wider reading or research – they don’t just want a list.
• Relevant outside interests: if you choose to include extra-curricular activities, make sure they are relevant or showcase appropriate personal characteristics, skills, or achievements. Apply the 'so what?' test: if you play the flute or basketball, can you make that relevant to your future success at university, or should other factors take priority in your 47 lines?

Make the most of any experience

If you’ve had some work experience , that’s great. It doesn’t matter whether it’s a couple of weeks spent shadowing an accountant, a couple of hours just talking to one, a part-time job in a financial, retail, or business environment, or a scheme like Young Enterprise. What does matter is that you write about something relevant that you have learned from it. But, as Sheffield Hallam and LSE say on their websites, experience is not essential, so don’t panic if you don’t have any.

Your commitment to studying accounting or finance as an academic subject is usually the key requirement. However, if you can also show that extra ingredient of passion and a glimpse of the ‘chemistry’ that exists between you and the subject, then your application really will stand out.

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What is a Personal Financial Statement?

The personal balance sheet, the income statement, why use a personal financial statement, download the personal financial statement template, related articles, personal financial statement.

An individual’s financial position at a given point in time

A personal financial statement is a document, or set of documents, that outlines an individual’s financial position at a given point in time. It is usually composed of two sections – a balance sheet section and an income flow section.

Although an individual can use more complex personal financial statements, this article will focus on a simple version. The format outlined in this article is a good starting point for individuals who are new to using personal financial statements to record their personal finances.

The balance sheet part of the personal financial statement lists the individual’s assets and liabilities , just as the balance sheet for a business lists all the assets and liabilities of the business.

The sample personal balance sheet shown above outlines John’s financial position as of August 8, 2017.

As can be seen from the balance sheet, John’s total assets are worth $353,600. His total liabilities are $260,500.

Thus, from analyzing the MS Excel balance sheet, we see John’s net worth is $93,100.

The simple format used above can be modified per an individual’s requirements. For instance, Bob might have 5 checking accounts, 5 savings accounts, 3 houses, and 3 cars. With a few modifications, the template used by John can also be used by Bob.

Unlike the balance sheet, which lists out all stock variables affecting an individual’s financial position, the income statement lists out all flow variables affecting an individual’s financial position.

The sample personal income statement shown above lists John’s monthly income and expenses.

As can be seen from the income statement, John’s total monthly income is $12,000. His total monthly expenses are $9,350.

A combined view:

A personal financial statement can be a very valuable tool in planning out one’s finances. It is usually goal-oriented and can help an individual reach his or her financial goals, especially for young professionals entering the workforce for the first time. Most of these people are new to financial planning and a simple personal financial statement is an easy place to start.

Why Create a Personal Financial Statement in MS Excel?

• – It is easy to add entries, make changes, etc.
• – Cloud services such as iCloud or Google Drive allow the user to access his or her financial statement remotely.
• – As an individual gains experience regarding financial planning, he or she can make use of the tools offered by MS Excel for financial planning.

Download the free Excel template now to advance your finance knowledge.

Thank you for reading CFI’s explanation of a personal financial statement. To learn more about finances, cash flows, and financial statements, see the following free CFI resources:

• Balance Sheet
• Income Statement
• Cash Flow Statement
• Three Financial Statements
• See all wealth management resources
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Banking and finance degree personal statement example (1a) work experience

Extensive international travel has influenced my life from a very young age providing me with the opportunity to observe the stark economic contrasts between the ‘Third World’ and the ‘Western World’. Sharing experiences with parents who have lived in Africa, Europe and the USA has fuelled my desire to study Economics at A Level and fully appreciate the mechanisms that drive world economies.

Economics is at the core of world discussion and upon closer examination of many current news articles I have begun to recognise their correlation to the subject. Whilst reading ‘The Undercover Economist’ by Tim Harford I find myself identifying with analogies such as ‘economics is just like engineering, it will tell you how things work and what will happen when you change them’. Similarly, I believe economics is an intricate puzzle whereby it is the role of an economist to integrate economic theories with government policies in order to resolve economic problems. After attending conferences at both the University of Bristol and Oxbridge, my view on economics has been broadened. I was intrigued by the theory behind Freakonomics and am keen to learn more about the unpredicted links between the most unrelated things.

From childhood days of playing mental maths games through to complex problem solving at A Level, Maths has been a continued interest of mine. My analytical ability was put to test during a Cass Business School taster day, where quick thinking, clarifying and configuring the task at hand resulted in being a member of the most profitable group during a trading shares simulation. Whilst attending a University of the West of England business enterprise day, my pitch to a panel of experts played a major part in achieving ‘Best Business Idea’.

Work experience at Britannia Building Society provided me with an invaluable insight into retail banking. This included shadowing the branch manager, working closely with the financial planning advisor and operating behind tills. Being introduced to options regarding financial assets has helped me grasp ideas surrounding investing in bonds, shares or increasing savings. In addition, I worked at Harrison’s Accountancy and Insolvency Agency obtaining knowledge of liquidations and insolvencies of businesses. These experiences have enhanced my desire to focus on a career in the finance sector. In order to keep up with current financial affairs I regularly read the economy section on the BBC website, the Economist website and subscribe to a weekly update from RBS outlining topical developments in the financial markets.

Over the last 18 months my job at O2 retail has enabled me to grasp valuable skills and concepts which I believe will be crucial when being introduced to new topics at University. As a result I have developed strong interpersonal skills and improved my persuasive skills when achieving the perfect deal mutually beneficial to both customer and the company. Whilst captaining my football team I have learnt the value of leadership, motivation and maintaining high team morale. These skills have successfully been used in other aspects of my life including class debates and participating in the trading shares simulation at Cass Business School.

During a recent trip to Zurich, it was enlightening to meet with the assistant vice president at Credit Suisse who is the regional manager for Production Testing Group for Foreign Exchange. Discussion with him provided me with knowledge of exchange rate processes in a leading investment bank.

Comprehensive study of A Level Economics, combined with work experiences, has allowed me to relate theory to practical situations. Liaising with professionals has strengthened my appreciation of the close link between economics and the finance sector. I believe this, and a university education will enable me to not only understand but also apply principles needed to operate in the dynamic and fast-moving world of financial markets.

Universities Applied to:

• University of Birmingham (Money, Banking and Finance) - Unconditional Offer (AAA) Firm
• Cass Business School (Banking and International Finance) - Conditional Offer (AAA) Insurance
• Henley Business School (Finance and Investment Banking) - Conditional Offer (AAB)
• University of Surrey (Economics and Finance) - Conditional Offer (AAB)
• Cardiff Business School (Economics and Finance) - Conditional Offer (AAB)
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• Personal Finance

Personal Financial Statement: Definition, Uses, and Example

What Is a Personal Financial Statement?

The term personal financial statement refers to a document or spreadsheet that outlines an individual's financial position at a given point in time. The statement typically includes general information about the individual, such as name and address, along with a breakdown of total assets and liabilities . The statement can help individuals track their financial goals and wealth, and can be used when they apply for credit .

Key Takeaways

• A personal financial statement lists all assets and liabilities of an individual or couple.
• An individual's net worth is determined by subtracting their liabilities from their assets—a positive net worth shows more assets than liabilities.
• Net worth can fluctuate over time as the values of assets and liabilities change.
• Personal financial statements are helpful for tracking wealth and goals, as well as applying for credit.
• Although they may be included in a personal financial statement, income and expenses are generally placed on a separate sheet called the income statement.

Understanding the Personal Financial Statement

Financial statements can be prepared for either companies or individuals. An individual’s financial statement is referred to as a personal financial statement and is a simpler version of corporate statements . Both are tools that can show the financial health of the subject.

A personal financial statement shows the individual's net worth —their assets minus their liabilities—which reflects what that person has in cash if they sell all their assets and pay off all their debts. If their liabilities are greater than their assets, the financial statement indicates a negative net worth. If the individual has more assets than liabilities, they end up with a positive net worth.

Keeping an updated personal financial statement allows an individual to track how their financial health improves or deteriorates over time. These can be invaluable tools when consumers want to change their financial situation or apply for credit such as a loan or a mortgage . Knowing where they stand financially allows consumers to avoid unnecessary inquiries on their credit reports and the hassles of declined credit applications.

The statement allows also credit officers to easily gain perspective into the applicant's financial situation in order to make an informed credit decision. In many cases, the individual or couple may be asked to provide a personal guarantee for part of the loan or they may be required to put up collateral to secure the loan.

Special Considerations

A personal financial statement is broken down into assets and liabilities. Assets include the value of securities and funds held in checking or savings accounts , retirement account balances, trading accounts , and real estate. Liabilities include any debts the individual may have including personal loans, credit cards, student loans, unpaid taxes , and mortgages. Debts that are jointly owned are also included. Married couples may create joint personal financial statements by combining their assets and liabilities.

Income and expenses are also included if the statement is used to attain credit or to show someone's overall financial position. This can be tracked on a separate sheet or an addendum, called the income statement . This includes all forms of income and expenses—typically expressed in the form of monthly or yearly amounts.

The following items are not included in a personal financial statement:

• Business-related assets and liabilities: These are excluded unless the individual is directly and personally responsible. So if someone personally guarantees a loan for their business—similar to cosigning —the loan is included in their personal financial statement.
• Rented items: Anything rented is not included in personal financial statements because the assets aren't owned. This changes if you own the property and rent it out to someone else. In this case, the value of the property is included in your asset list.
• Personal property: Items such as furniture and household goods are typically not included as assets on a personal balance sheet because these items can’t easily be sold to pay off a loan. Personal property with significant value, such as jewelry and antiques, may be included if their value can be verified with an appraisal .

Business liabilities are only included in a personal financial statement if an individual provides the creditor with a personal guarantee.

Keep in mind. Your credit report and credit history are big considerations when it comes to getting new credit and every lender has different requirements for issuing credit. So, even if you have a positive net worth—more assets than liabilities—you may still be refused a loan or credit card if you haven't paid your previous debts on time or have too many inquiries on file.

Example of a Personal Financial Statement

Let's assume that River wants to track their net worth as they move toward retirement . They have been paying off debts, saving money, investing , and are getting closer to owning their home. Each year, they update the statement to see the progress they have made.

Here's how they would break it down. They would list all their assets—$20,000 for a car, $200,000 for their house, $300,000 in investments, and $50,000 in cash and equivalents . They also own some highly collectible stamps and art valued at $20,000 that they can list. Their total assets are, therefore, $590,000. As for liabilities, River owes $5,000 on the car and $50,000 for their house. Although River makes all of their purchases with a credit card, they pay the balance off each month and never carry a balance. River cosigned a loan for their daughter and $10,000 remains on that. Even though it is not River's loan, they are still responsible, so it is included in the statement. River's liabilities are $65,000.

When we subtract their liabilities from their assets, River's net worth is $525,000. Although they use it mainly to track their financial health, River can use this information—and the statement as a whole—if they want to apply for any other credit.

Small Business Administration. “ Personal Financial Statement .” Pages 2-3.

Experian. “ What Happens If Your Loan Is Denied? ”

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How to Write a Strong Personal Statement

• Ruth Gotian
• Ushma S. Neill

A few adjustments can get your application noticed.

Whether applying for a summer internship, a professional development opportunity, such as a Fulbright, an executive MBA program, or a senior leadership development course, a personal statement threads the ideas of your CV, and is longer and has a different tone and purpose than a traditional cover letter. A few adjustments to your personal statement can get your application noticed by the reviewer.

• Make sure you’re writing what they want to hear. Most organizations that offer a fellowship or internship are using the experience as a pipeline: It’s smart to spend 10 weeks and $15,000 on someone before committing five years and $300,000. Rarely are the organizations being charitable or altruistic, so align your stated goals with theirs
• Know when to bury the lead, and when to get to the point. It’s hard to paint a picture and explain your motivations in 200 words, but if you have two pages, give the reader a story arc or ease into your point by setting the scene.
• Recognize that the reviewer will be reading your statement subjectively, meaning you’re being assessed on unknowable criteria. Most people on evaluation committees are reading for whether or not you’re interesting. Stated differently, do they want to go out to dinner with you to hear more? Write it so that the person reading it wants to hear more.
• Address the elephant in the room (if there is one). Maybe your grades weren’t great in core courses, or perhaps you’ve never worked in the field you’re applying to. Make sure to address the deficiency rather than hoping the reader ignores it because they won’t. A few sentences suffice. Deficiencies do not need to be the cornerstone of the application.

At multiple points in your life, you will need to take action to transition from where you are to where you want to be. This process is layered and time-consuming, and getting yourself to stand out among the masses is an arduous but not impossible task. Having a polished resume that explains what you’ve done is the common first step. But, when an application asks for it, a personal statement can add color and depth to your list of accomplishments. It moves you from a one-dimensional indistinguishable candidate to someone with drive, interest, and nuance.

• Ruth Gotian is the chief learning officer and associate professor of education in anesthesiology at Weill Cornell Medicine in New York City, and the author of The Success Factor and Financial Times Guide to Mentoring . She was named the #1 emerging management thinker by Thinkers50. You can access her free list of conversation starters and test your mentoring impact . RuthGotian
• Ushma S. Neill is the Vice President, Scientific Education & Training at Memorial Sloan Kettering Cancer Center in New York City. She runs several summer internships and is involved with the NYC Marshall Scholar Selection Committee. ushmaneill

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Finance CV examples

When you’re looking to secure a role in finance, your CV is your first impression, so it needs to be strong.

Engaging recruiters and enticing them to interview you requires a visually pleasing CV that highlights your in-demand skills.

The below guide which contains two finance CV examples, will show you exactly how to produce your own attention-grabbing CV and land that dream job.

CV templates 

Finance Manager CV

Financial analyst CV

Accountant CV

Finance assistant CV

Financial accounting CV

Management accountant CV

The above are seven great examples of finance CVs at junior and senior level, giving you a rough idea of the style and content that need to be present in your CV.

As this guide continues, I will demonstrate how you can write your own appealing CV that highlights why you’re the ideal candidate for finance roles.

Finance CV structure

It’s vital to facilitate ease of reading in your CV by having a clear and distinct structure that enables recruiters to easily navigate your experience and knowledge.

The below infographic displays how you should be formatting information within your CV and what sections you need to include to attract recruiters’ attention.

CV formatting tips

• A CV should be no longer than 2 sides of A4, giving you enough space to display your relevancy to the sector without overwhelming recruiters
• Use bullet points, headers and sections in your CV, ensuring key information isn’t missed within large blocks of text
• Avoid over-designing your CV – avoid all imagery such as company logos and profile pictures that add no value – and stick to a muted colour pallet and sharp, clear font

Structuring your CV

Break your CV into the below sections, allowing recruiters to pinpoint specific details effortlessly:

• Contact details – Make it simple for recruiters to reach you, sticking to essential details
• Profile – A summary paragraph of your experience, qualifications and skills at the top of the page, engaging recruiters and compelling them to read further
• Work experience / Career history – Listing your previous work experience in a chronological order
• Education – Documenting any qualifications you’ve obtained, especially those most relevant to the finance industry
• Interest and hobbies – An optional section, adding hobbies and interests that add value to your CV.

I’ll now walk you through how to create each section within your own CV.

CV Contact Details

Commence your CV with your contact details, letting recruiters easily access this information without having to dig through your CV.

When producing this section you only need to include the basics :

• Phone number
• Email address
• If you have one, provide a link to your LinkedIn profile

Remove any information that isn’t required by recruiters in the decision making process such as profile photos, date of birth, marital status or full home address.

Quick tip – Change any childish email addresses and consider creating a separate professional email address for applications.

Finance CV Profile

Reserve the top of your CV for the most important information, directly underneath your contact detail include an introductory paragraph summarising your suitability for finance positions.

Stick to a paragraph between 5-10 lines, including an overview of your experience, sector specific qualifications and marketable skills.

Follow the below tips when producing your personal profile :

• It should be a concise summary, avoid going beyond 5-10 lines, you’ll be able to provide further detail later in your CV
• Remove clichés. Recruiters see hundreds of CVs so don’t blend into the crowd by adding over-used phrases such as “I’m a team player” or “I’m punctual” that add no additional value – stick to industry specific skills and knowledge
• Prior to completing your profile, research the finance industry, add core skills and keywords, tailoring yourself to the sector.

What to include in your finance CV profile?

• Previous Companies – Whether you’ve worked for a financial advisor, an investment management or planning company, within the banking industry or for an organisation as a financial assistant or advisor
• Level of your experience – Are you a recent school leaver or graduate ? Chartered accountant? or do you have management or consultancy experience
• Qualifications – Document any qualifications you have that are applicable to the finance industry such as AAT or ACA courses.
• Prominent finance skills – Accounting , forecasting, advising, reporting, trading etc.

CV profile tip:  If you worry that your spelling and grammar might not be correct, try using our quick-and-easy CV Builder  to eliminate the risk of making mistakes.

Core skills section

Beneath your CV profile, add a core skills section to highlight your strengths that match you to the finance industry, enabling recruiters to see your suitability at first glance.

This section should be made up of two to three columns of bullet points.

These should reflect the requirements of your target roles to make an instant impact when your CV is opened.

Work experience/Career history

List your work experience in reverse chronological order, starting with your current or most recent position.

Look to add depth to your most recent or relevant positions, shortening your role descriptions as you work back through your career history.

Structuring your roles

Paint a picture with your role descriptions, structuring them to highlight key aspects of your experience and breaking the information into clearly defined sections, allowing busy recruiters to find the info they need with ease.

Break each one of your role descriptions into the below three segments:

Provide context to recruiters by giving a summary of the position you had, the company you worked within or even the department you were part of.

“Working for a financial advisor in London supporting clients to select the right financial investment for their business, operating in line with legislation and external body requirements.”

Key responsibilities

Bullet point your roles and responsibilities within each position, adding any project involvement or documenting the relationships you built within the role.

• Assisted clients by directing them towards the right financial investment products based on their specific requirements.
• Collaborated with clients to discuss the best methods of asset management.

Key achievements

Display the value and impact you had within a company by documenting any key achievements .

• Developed a new credit and collection management system that reduced debt by 20%.

Towards the bottom of your CV, list any qualifications you’ve obtained starting with those that are applicable to the finance industry such as AAT or ACA courses or a degree under one of the professional awarding bodies such as ACCA , ICAEW and CIMA.

If you have space; look to also include additional qualifications such as GCSE’s, A-levels, degrees and any vocational qualifications.

Interests and hobbies

Unlike other sections within your CV, hobbies and interest are not a mandatory requirement and should only be included if it will boost your application.

Avoid generic interests such as reading, socialising and consider adding hobbies that display core skills that are required in the finance sector.

For example, soft skills such as problem solving, communication and numeracy skills can be displayed in occasions where you’ve supported the book keeping for a charitable event or been accountable for a sporting team’s charges or costs.

Essential skills for Finance CV

Each company will differ in the skills they are recruiting for but there are strengths essential within any finance position which you need to showcase in your CV.

Financial Advising – The ability to provide accurate financial advice to stakeholders or clients in line with regulations.

Financial Analysis –Evaluating businesses, projects or budgets to determine their performance or sustainability.

Cash Flow Management – Tracking money coming in or out of business, usually against a defined budget.

Budgeting – Tracking performance against budget, evaluating any risks or areas for concern.

Auditing – Auditing financial procedures or processes, providing solutions for problem areas or process improvement implementation.

Writing your finance CV

Writing  a CV that will get you hired is about more than just the experience you have within a sector, but how you display and structure this information.

It’s essential to have a visually pleasing CV that highlights your marketable skills, engaging recruiters and drawing them in to read further.

By following this guide, you’ll be able to produce a CV that gets you noticed and secures you an interview.

See also: Finance cover letter examples – Company secretary CV

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Legal Templates

Home Personal & Family Affidavit

Affidavit Templates

Use our Affidavit template to swear to the truthfulness of a statement or fact.

Updated January 31, 2024 Written by Josh Sainsbury | Reviewed by Brooke Davis

Affidavits, or notarized sworn statements , are used to swear that any written statement or fact is legally valid. You can use an affidavit for many reasons, such as to claim someone was born, to state an item was given as a gift, or as evidence in court.

What Is an Affidavit?

When is an affidavit used, how to write an affidavit, sample affidavit template, definitions of affidavit terms, frequently asked questions.

Formally records the transfer of a gift of significant value and clearly documents the giver’s wilful donation — distinguishing it from a loan or sale.

Gift Affidavit

It pledges that the person signing the affidavit swears they are who they say they are.

Affidavit of Identity

Used to verify someone’s legal address.

Affidavit of Residency

It certifies a deceased person’s estate is below a certain value and is used for the purpose of quickly distributing their property to beneficiaries.

Small Estate Affidavit

It identifies the surviving family of a deceased person who died intestate (without a valid will).

Affidavit of Heirship

Used to attest to the delivery of important documents by a process server, including the date, time, and manner the documents were served to the recipient.

Affidavit of Service

Used to verify the primary place of residence of a deceased person, in order to effectively transfer stock ownership and other securities.

Affidavit of Domicile

Used to confirm the financial information detailed in the document is reflective of the signer’s financial affairs and gives a court or other party an accurate look into their finances.

Financial Affidavit

Used by a third party with personal knowledge of a person’s death, affirming the person has died.

Affidavit of Death

Used to confirm that a property seller has a true title to the property. Also, it guarantees the property isn’t being sold to someone else, has no liens against it, and the seller isn’t undergoing bankruptcy.

Affidavit of Title

Used to prove an individual's salary and employment history.

Affidavit of Employment

Used to acknowledge paternity for a child born outside of marriage.

Affidavit of Paternity

An affidavit is a legal document containing a written statement sworn under oath. Affidavits are often used in court proceedings, where a statement of the facts of a matter is required. When you write an affidavit and sign it, you’re swearing under the law that the information contained in the document is accurate.

Affidavits are signed voluntarily in the presence of witnesses and notarized by a public official. Meeting these requirements makes affidavits legally binding, and the signer risks the penalty of perjury if they lie.

➔ Related: How to Write an Affidavit

Difference Between an Affidavit and Sworn Statement

A sworn statement, also known as a sworn declaration, is similar to an affidavit because it contains a statement a person swears is true. Both affidavits and sworn statements can be entered as evidence in a court proceeding .

In either circumstance, the signer may be found guilty of perjury if the statement is relied upon and later found to be untrue. Both affidavits and sworn statements can be entered as evidence in a court proceeding.

One significant difference between the two documents is that an affidavit is notarized by a notary public , which can give it greater credence in court. When a document is notarized, there is less chance that someone coerced a person into signing it. So, in a court case where a statement of facts is required, an affidavit can be seen as more reliable.

Most courts prefer a notarized affidavit rather than a simple sworn statement. However, having a written statement certified and signed by a notary public or another court official can be time-consuming. A sworn statement is faster to process than an affidavit.

Affidavits serve several purposes and are used in various contexts, including:

Legal Proceedings:

• Court Cases : Affidavits are often submitted as evidence in court cases. Affiants (individuals making the statements) swear to the truth of the information provided.
• Divorce Proceedings : In divorce cases, parties may submit affidavits detailing facts or providing evidence relevant to issues such as child custody, alimony, or property division.
• Criminal Cases : Law enforcement officers, witnesses, or experts may submit affidavits to present evidence or support search warrants.

Financial Transactions:

• Real Estate Transactions : Affidavits may be used to confirm certain facts related to real estate transactions, such as the status of title or the identity of the parties involved.

In real estate transactions, affidavits, deeds, and titles are key components, each serving a distinct role. Understanding how these documents relate to each other is crucial for ensuring a smooth and legally sound real estate transaction.

• Financial Affidavits : In financial matters, individuals may submit affidavits to attest to their financial status, income, or debts.

In some financial transactions, an affidavit may accompany a promissory note to provide additional legal weight to the document. The affiant might swear under oath to the accuracy of the information contained in the promissory note, confirming the existence of the debt and the terms agreed upon.

Government and Administrative Processes:

• Immigration Proceedings : Affidavits can be used in immigration cases to support claims or establish relationships, such as affidavits of support.
• Probate Proceedings : Affidavits may be submitted in probate cases to attest to the validity of a will or other relevant facts.

Business and Contracts:

• Business Transactions : Affidavits may be utilized in various business transactions to verify information, such as the authenticity of documents or the accuracy of financial statements.
• Contractual Agreements : Parties involved in a contract may submit affidavits to confirm compliance with terms and conditions or to clarify specific details.

Personal Declarations:

• Name Changes : In some jurisdictions, a court may require individuals petitioning for a name change to submit an affidavit along with the name change form .
• Gender Affirmation : In some cases, individuals may submit affidavits to affirm their gender identity.

Other Legal and Regulatory Matters:

• Estate Planning : Affidavits may be used in the creation of wills or trusts.
• Insurance Claims : Affidavits can be submitted to support insurance claims.

Think of an affidavit as an out-of-court written testimony swearing you’re telling “the whole truth, and nothing but the truth.”

Step 1 – Fill in the court case information (if applicable)

If your affidavit is used in a court case, you should fill in the document’s relevant details. This includes the following:

• Court and jurisdiction
• Plaintiff and Defendant
• Case number

Step 2 – Provide your details and your written statement

You must provide your details, such as your name and address. Then, write your statement of facts with the following guidelines:

• Avoid writing as if you’re giving an opinion — state the facts
• Write in the first person, using “I”
• Use simple and correct grammar to express your point
• Arrange your facts in a chronological and coherent manner
• Separate your facts so it is easy to read and refer to in court
• Reference any supporting documents and mark those supporting documents as “exhibits.”

Step 3 – Date and sign the document

Once finished, you should fill in the date you wrote the affidavit and provide your signature.

Step 4 – Notarize the Document

Notarizing the document is the last step but the most crucial. You must take the signed affidavit to a notary public who will certify and then notarize the document. This will make it eligible to be used as evidence in court.

The notarization process for signing an affidavit typically involves the following steps:

• Prepare the affidavit
• Contact the licensed notary public to schedule an appointment
• Present identification through a government-issued photo ID, such as a driver’s license or passport
• Sign the affidavit in the notary’s presence
• Take an oath or affirmation
• The notary completes the notarization
• Pay the notary fee
• Receive the notarized affidavit

It’s important to note that the specific notarization requirements and procedures may vary by jurisdiction. Therefore, it’s advisable to consult the laws and regulations of your particular jurisdiction or seek legal advice if you have any questions or concerns about the process.

Below is a blank General Affidavit template for most use cases.

Affiant.  A person making the statement and filing the document.

Commencement.  A commencement identifies the party attesting to the statement.

Oath.  A promise that the statements being made are true to the best of the affiant’s knowledge and belief.

Attestation.  A clause at the end of the form affirming the location, parties, and date of signing. This may also be referred to as the “jurat.”

Notary Public. An official state that ensures the validity of the signature and guarantees that the signature was not applied under duress.

Does an Affidavit Have to Be Notarized?

Yes, an affidavit must be notarized according to the laws of your state. The notary public is there to ensure the validity of the signature and the affiant’s identity and guarantee that you signed the affidavit without being coerced.

Who Can Sign or Notarize an Affidavit?

All affidavits must be signed by the affiant and a notary.

The notary public must first notarize the affidavit , signifying that they attest to the authenticity of the affiant’s presence and signature. They then stamp and seal the document to be filed with the appropriate agency.

There is no age requirement for an affiant when signing an affidavit. As long as an affiant is “of sound mind” and old enough to understand the significance of the oath and affirmation of facts, they may sign it.

Where to Notarize an Affidavit?

You can get your affidavit notarized in several places:

• A notary’s office
• Your bank or other financial institution
• Shipping service providers like UPS or USPS
• Signing up for an online virtual notary service
• Hiring a traveling notary public

What Is a Statutory Declaration?

It is a legal document containing a written statement of facts about something true. Statutory declarations are sworn oaths like affidavits but are used to give facts like your identity, nationality, or marital status if you cannot show the proper documentation.

How to File an Affidavit?

Knowing how and where to file an affidavit depends entirely on the exact purpose of the affidavit. Government agencies, legal offices, financial institutions, and businesses use affidavits. Depending on the type of affidavit and intended use, you may need to file the affidavit with the appropriate district or circuit court in your county or town.

Suppose you have any questions determining whether you need to file or about filing an affidavit. In that case, you can obtain information from the government agency, legal professional, or organization you are working with and create this affidavit.

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How do I break into finance and stay competitive? Ask HR

Johnny C. Taylor Jr. tackles your human resources questions as part of a series for USA TODAY. Taylor is president and CEO of the Society for Human Resource Management, the world's largest HR professional society and author of "Reset: A Leader’s Guide to Work in an Age of Upheaval.”

Have a question? Submit it here .

Question: I just graduated and starting my career in finance. What advice can you give for staying competitive in my field and growing in my career? – Izzie

Answer: Congratulations on your recent graduation! Your career in finance is sure to be an exciting journey. Here are some key strategies for success:

1. Join professional associations . Member associations offer valuable resources such as industry-specific research, professional development opportunities and networking events. These will keep you informed about industry trends and advancements. Many associations also provide certifications and training programs that can enhance your credentials and expertise.

2. Grow your professional network . Start with family, friends and former colleagues. They can provide valuable advice and connections, even if they’re not in finance. Attend professional events, conferences and alumni meet-ups. Building relationships with co-workers, managers and industry leaders can open doors to new opportunities. Use platforms such as LinkedIn to connect with professionals in your field. Join finance-related groups and actively participate in discussions.

3 .  Demonstrate initiative and work ethic . Volunteer for challenging assignments and take the lead on projects. Seeking advancement opportunities shows your willingness to go above and beyond. Engage in leadership development programs offered by your employer or professional association. Showcase your value by consistently delivering high-quality work and demonstrating your tenacity. This will help you stand out from your peers.

Job hunting: How do I approach a former boss or co-worker for a job reference? Ask HR

4. Commit to continuous learning . Learning doesn’t end with formal education. Industries like finance constantly evolve, so staying informed is at least as important as getting your initial degree. Read industry magazines, subscribe to finance newsletters and follow reputable financial news sources. Commit to your professional development. Attend seminars, workshops and conferences to keep your skills and knowledge up to date. To enhance your qualifications, consider pursuing an advanced degree or professional certification such as CFA (Chartered Financial Analyst) or CPA (Certified Public Accountant).

5.   Develop power skills . While some call them soft skills, I call them power skills, as they can augment your technical acumen and tremendously enhance your ability to work with others. Strong communication and teamwork are crucial in finance. Work on effectively conveying complex information and collaborating with diverse teams. Cultivate your ability to analyze data and solve problems creatively. These skills are highly valued in your industry.

6. Seek mentorship . Look for experienced professionals who can provide guidance, support and insights into the finance industry. Constructive feedback from mentors and peers can help you identify areas for improvement and growth.

7. Set career goals. Define clear short-term and long-term career goals. This will help you stay focused and motivated. Periodically reassess your goals and adjust them as needed to align with your evolving interests and the changing landscape of the finance industry.

I’ll add one more suggestion: Keep your options open . As you move through your career, you’ll likely develop expertise in certain areas. Be willing to look at how your expertise can be applied in other areas. Discover how your experiences can complement and add value to other disciplines and fields. So, don’t get stuck in a siloed mentality. Explore ways finance can broadly enhance other business functions, industries and sectors. Doing so will build flexibility in your career and expand your options for growth.

By employing these strategies, you can position yourself for success and growth in your finance career. Best of luck on your journey!

Career change? What should I consider when weighing a new career?

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Economics and Finance Personal Statement

Over recent years I have developed a passion for looking at current events and how they affect the economy. This interest originates from the enjoyment I get from using maths to analyse a problem, as many situations can be explained clearly using maths. Economics is a subject that is very much alive and this is what makes it interesting to me. Every day there are new situations that economists can explore and analyse and I find this prospect extremely exciting.

Studying Pre-U Economics has increased my enthusiasm for the subject as I enjoy following macroeconomic debate in the UK and learning how globalisation changes markets. I have gained insights about how firms have had to react to globalisation and how nations use protectionism as a way of preventing industries from collapsing. The analytical skills that I have developed in Physics have proved particularly helpful as I can transfer these skills to Economics, despite them being quite different subjects. I enjoy following financial markets where you can see how the economic impacts of global events play out and have recently setup a paper trading account.  The trading application helps further my understanding of the impacts of economic events.  I can test my hypothesis of a particular event against the change in markets and improve my understanding.

I became interested in the socioeconomic elements of development and international aid after reading ‘Dead Aid’ by Moyo. The idea of ‘trade not aid’ resonated with me and led me to conduct further research which led me to conclude that having a skilled labour force would be more economically beneficial than trade. Reading ‘Awakening Giants’ by Bardhan gave an interesting insight at the speed at which China has become a leading economy.

I have also enjoyed exploring the world of economics through work experience, the first of which was with Tradition, a global financial services firm.  I learnt how to analyse and rank different trading strategies based on historical data modelling.  At Guardian Stockbrokers I witnessed in real-time the impact of macro and microeconomic data on different asset classes. I set up a demo trading account on the company’s platform to experience first-hand how the slightest change in the economic outlook  can influence the market price. Last summer I secured a place in HSBC’s work experience programme for 6th form students. I learnt about different aspects of retail banking and gained insight into how a retail bank works. This helped put some perspective as to how banking has changed over the years after the financial crisis.

Last year, I was selected to represent my school in a Physics symposium and as part of the team my role was to apply my analytical skills and communicate the results to my team. This opportunity helped with my team building skills.  I have also experienced how to set up a company and run a profitable business when I was appointed the company Financial Director for the young enterprise scheme. I gained insight into how to conduct meetings and improve my presentation and negotiation skills. I enjoy playing classical guitar and have had the opportunity to perform in school concerts throughout my school years. As an active member of the school Charity and Community Service committees I help the local community by volunteering at the day shelter for the homeless and the YMCA cafe. This experience provided me with a different perspective on life. Throughout school I have captained and toured with many school teams playing tennis, football and cricket.

Everyday something new happens in the economic world, I would love to be part of an undergraduate course that analyses these events. This is why Economics is my chosen course and I look forward to expanding my knowledge in this field at undergraduate level and, hopefully, further.

This student also took a year abroad too. 

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Free Business Plan Template for Small Businesses (2024)

Use this free business plan template to write your business plan quickly and efficiently.

A good business plan is essential to successfully starting your business —  and the easiest way to simplify the work of writing a business plan is to start with a business plan template.

You’re already investing time and energy in refining your business model and planning your launch—there’s no need to reinvent the wheel when it comes to writing a business plan. Instead, to help build a complete and effective plan, lean on time-tested structures created by other  entrepreneurs and startups. 

Ahead, learn what it takes to create a solid business plan and download Shopify's free business plan template to get started on your dream today. 

What this free business plan template includes

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

This business plan outline is designed to ensure you’re thinking through all of the important facets of starting a new business. It’s intended to help new business owners and entrepreneurs consider the full scope of running a business and identify functional areas they may not have considered or where they may need to level up their skills as they grow.

That said, it may not include the specific details or structure preferred by a potential investor or lender. If your goal with a business plan is to secure funding , check with your target organizations—typically banks or investors—to see if they have business plan templates you can follow to maximize your chances of success.

Our free business plan template includes seven key elements typically found in the traditional business plan format:

1. Executive summary

This is a one-page summary of your whole plan, typically written after the rest of the plan is completed. The description section of your executive summary will also cover your management team, business objectives and strategy, and other background information about the brand. 

2. Company overview

This section of your business plan will answer two fundamental questions: “Who are you?” and “What do you plan to do?” Answering these questions clarifies why your company exists, what sets it apart from others, and why it’s a good investment opportunity. This section will detail the reasons for your business’s existence, its goals, and its guiding principles.

3. Products or services offered

What you sell and the most important features of your products or services. It also includes any plans for intellectual property, like patent filings or copyright. If you do market research for new product lines, it will show up in this section of your business plan.

4. Market analysis

This section includes everything from estimated market size to your target markets and competitive advantage. It’ll include a competitive analysis of your industry to address competitors’ strengths and weaknesses. Market research is an important part of ensuring you have a viable idea.

5. Marketing plan

How you intend to get the word out about your business, and what strategic decisions you’ve made about things like your pricing strategy. It also covers potential customers’ demographics, your sales plan, and your metrics and milestones for success.

6. Logistics and operations plan

Everything that needs to happen to turn your raw materials into products and get them into the hands of your customers.

7. Financial plan

It’s important to include a look at your financial projections, including both revenue and expense projections. This section includes templates for three key financial statements: an income statement, a balance sheet, and a cash-flow statement . You can also include whether or not you need a business loan and how much you’ll need.

Business plan examples

What do financial projections look like on paper? How do you write an executive summary? What should your company description include?  Business plan examples  can help answer some of these questions and transform your business idea into an actionable plan.

Professional business plan example

Inside our template, we’ve filled out a sample business plan featuring a fictional ecommerce business . 

The sample is set up to help you get a sense of each section and understand how they apply to the planning and evaluation stages of a business plan. If you’re looking for funding, this example won’t be a complete or formal look at business plans, but it will give you a great place to start and notes about where to expand.

Lean business plan example

A lean business plan format is a shortened version of your more detailed business plan. It’s helpful when modifying your plan for a specific audience, like investors or new hires. 

Also known as a one-page business plan, it includes only the most important, need-to-know information, such as:

• Company description
• Key members of your team
• Customer segments

💡 Tip: For a step-by-step guide to creating a lean business plan (including a sample business plan), read our guide on how to create a lean business plan .

Benefits of writing a solid business plan

It’s tempting to dive right into execution when you’re excited about a new business or side project, but taking the time to write a thorough business plan and get your thoughts on paper allows you to do a number of beneficial things:

• Test the viability of your business idea. Whether you’ve got one business idea or many, business plans can make an idea more tangible, helping you see if it’s truly viable and ensure you’ve found a target market. 
• Plan for your next phase. Whether your goal is to start a new business or scale an existing business to the next level, a business plan can help you understand what needs to happen and identify gaps to address.
• Clarify marketing strategy, goals, and tactics. Writing a business plan can show you the actionable next steps to take on a big, abstract idea. It can also help you narrow your strategy and identify clear-cut tactics that will support it.
• Scope the necessary work. Without a concrete plan, cost overruns and delays are all but certain. A business plan can help you see the full scope of work to be done and adjust your investment of time and money accordingly.
• Hire and build partnerships. When you need buy-in from potential employees and business partners, especially in the early stages of your business, a clearly written business plan is one of the best tools at your disposal. A business plan provides a refined look at your goals for the business, letting partners judge for themselves whether or not they agree with your vision.
• Secure funds. Seeking financing for your business—whether from venture capital, financial institutions, or Shopify Capital —is one of the most common reasons to create a business plan.

Why you should you use a template for a business plan

A business plan can be as informal or formal as your situation calls for, but even if you’re a fan of the back-of-the-napkin approach to planning, there are some key benefits to starting your plan from an existing outline or simple business plan template.

No blank-page paralysis

A blank page can be intimidating to even the most seasoned writers. Using an established business planning process and template can help you get past the inertia of starting your business plan, and it allows you to skip the work of building an outline from scratch. You can always adjust a template to suit your needs.

Guidance on what to include in each section

If you’ve never sat through a business class, you might never have created a SWOT analysis or financial projections. Templates that offer guidance—in plain language—about how to fill in each section can help you navigate sometimes-daunting business jargon and create a complete and effective plan.

Knowing you’ve considered every section

In some cases, you may not need to complete every section of a startup business plan template, but its initial structure shows you you’re choosing to omit a section as opposed to forgetting to include it in the first place.

Tips for creating a successful business plan

There are some high-level strategic guidelines beyond the advice included in this free business plan template that can help you write an effective, complete plan while minimizing busywork.

Understand the audience for your plan

If you’re writing a business plan for yourself in order to get clarity on your ideas and your industry as a whole, you may not need to include the same level of detail or polish you would with a business plan you want to send to potential investors. Knowing who will read your plan will help you decide how much time to spend on it.

Know your goals

Understanding the goals of your plan can help you set the right scope. If your goal is to use the plan as a roadmap for growth, you may invest more time in it than if your goal is to understand the competitive landscape of a new industry.

Take it step by step

Writing a 10- to 15-page document can feel daunting, so try to tackle one section at a time. Select a couple of sections you feel most confident writing and start there—you can start on the next few sections once those are complete. Jot down bullet-point notes in each section before you start writing to organize your thoughts and streamline the writing process.

Maximize your business planning efforts

Planning is key to the financial success of any type of business , whether you’re a startup, non-profit, or corporation.

To make sure your efforts are focused on the highest-value parts of your own business planning, like clarifying your goals, setting a strategy, and understanding the target market and competitive landscape, lean on a business plan outline to handle the structure and format for you. Even if you eventually omit sections, you’ll save yourself time and energy by starting with a framework already in place.

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Business plan template FAQ

What is the purpose of a business plan.

The purpose of your business plan is to describe a new business opportunity or an existing one. It clarifies the business strategy, marketing plan, financial forecasts, potential providers, and more information about the company.

How do I write a simple business plan?

• Choose a business plan format, such as a traditional or a one-page business plan. 
• Find a business plan template.
• Read through a business plan sample.
• Fill in the sections of your business plan.

What is the best business plan template?

If you need help writing a business plan, Shopify’s template is one of the most beginner-friendly options you’ll find. It’s comprehensive, well-written, and helps you fill out every section.

What are the 5 essential parts of a business plan?

The five essential parts of a traditional business plan include:

• Executive summary: This is a brief overview of the business plan, summarizing the key points and highlighting the main points of the plan.
• Business description: This section outlines the business concept and how it will be executed.
• Market analysis: This section provides an in-depth look at the target market and how the business will compete in the marketplace.
• Financial plan: This section details the financial projections for the business, including sales forecasts, capital requirements, and a break-even analysis.
• Management and organization: This section describes the management team and the organizational structure of the business.

Are there any free business plan templates?

There are several free templates for business plans for small business owners available online, including Shopify’s own version. Download a copy for your business.

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CRediT author statement

CRediT (Contributor Roles Taxonomy) was introduced with the intention of recognizing individual author contributions, reducing authorship disputes and facilitating collaboration. The idea came about following a 2012 collaborative workshop led by Harvard University and the Wellcome Trust, with input from researchers, the International Committee of Medical Journal Editors (ICMJE) and publishers, including Elsevier, represented by Cell Press.

CRediT offers authors the opportunity to share an accurate and detailed description of their diverse contributions to the published work.

The corresponding author is responsible for ensuring that the descriptions are accurate and agreed by all authors

The role(s) of all authors should be listed, using the relevant above categories

Authors may have contributed in multiple roles

CRediT in no way changes the journal’s criteria to qualify for authorship

CRediT statements should be provided during the submission process and will appear above the acknowledgment section of the published paper as shown further below.

*Reproduced from Brand et al. (2015), Learned Publishing 28(2), with permission of the authors.

Sample CRediT author statement

Zhang San:  Conceptualization, Methodology, Software  Priya Singh. : Data curation, Writing- Original draft preparation.  Wang Wu : Visualization, Investigation.  Jan Jansen :  Supervision. : Ajay Kumar : Software, Validation.:  Sun Qi:  Writing- Reviewing and Editing,

Read more about CRediT  here opens in new tab/window  or check out this  article from  Authors' Updat e:  CRediT where credit's due .