The Power of Business Templates

Business Document Templates

Do you use templates in your business?

Most of us have a few places we use them, but you probably didn’t realise they can save you time and offer other benefits in every single area of your business.

If you’re not using templates now, it’s time to start.

What Are Business Templates?

Business templates are readymade documents where you change only a few details each time you use them.

You save the template on your computer or online.

Then, whenever you need to create that type of content, you can start from template, rather than creating it from scratch.

Use templates for various purposes including:

  1. Transaction paperwork like invoices, sales orders, order acknowledgements, and quotations
  2. Documents for meetings like invitations, agendas, and reports
  3. Email communications or series that you send, both internally and externally
  4. Organisational documents like to-do lists, calendars, and time management documentation
  5. Material for education such as course outlines, session agendas, and checklists
  6. Job descriptions, onboarding and training materials, and employee review paperwork
  7. Contracts and agreements
  8. Professional bios for social media sites, blogs, and other online content publishing platforms
  9. Company newsletters and email newsletters
  10. Annual reports, bid proposals, project checklists, and budgeting documents
  11. Long-term planning materials such as business plans and marketing plans

You can create a template for any type of document that you need to use over and over again.

You can even design templates for things like social media images, or any other content that you create regularly!

What Problems Do Templates Solve?

Content creation takes a great deal of time and effort.

Consider all the hours you spend sitting in front of a blank screen, thinking about how to get started.

With templates, you cut out this unnecessary step.

Just go to your folder where you store your templates and choose the appropriate file.

Open it and you’re ready to make whatever changes you need.

It takes a little effort to plan and create these templates.

But this is time you save later.

Once you have designed and organised where you will store your templates, this library will reduce your workload – freeing you up to do other things.

Other Benefits You Can Enjoy Using Templates

Aside from saving you time, templates offer many other benefits as well.

Cut Procrastination. Because you have your content already formatted, you’ll spend no more time getting started with a blank slate. You can just open the necessary file and get started right away with no fuss.

Better Consistency. Since you design all your content at once, you’ll have better consistency and efficiency. You can make sure all your materials are standardised.

Reduce Errors. We often make mistakes when we’re in a rush to create a piece of content under time pressure. You might also leave out an important detail. With your templates, you can get it right the first time and focus on improving quality instead.

Branding. While creating your content, you can choose design elements to help with your branding. This is especially helpful for templates you’re using externally.

Present a More Professional Image. With better consistency and fewer errors, templates will make your business look more professional.

Focus on What’s Important. Most important of all, using templates frees you up to focus your energy and that of your team members where you need it most.

How Templates Work

It’s easy to see how templates work by looking at a few simple examples.

Invoices. On an invoice, your company’s name and business details don’t change. So, your template would have a basic format that includes that information. You only need to add or amend the details that change each time, such as your client’s name and address, invoice items, and prices.

Online Courses. If you use templates for your online course session outlines, you might have regular parts of the session, such as warm up, presentation, discussion, and action steps. You can create outlines with the format and parts that stay the same, then fill in the new material each time. You can even create standard graphics for announcing each session, where you only need to change the topic, time, and date.

Marketing Plans. You might be surprised to see that templates can be used for a high-level project too, like a marketing plan. In this case, your template might have many parts to it that could each be pulled out. For example, you might have target audience templates if you target different segments of a market. The same goes for your budget and timeline. With the format and formulas already set out in a template spreadsheet, you can then plug in the information for your next campaign. The spreadsheet will display costs and dates calculated for you.

How to Get Started with Templates

Are you ready to start saving time using templates?

Although you can create these when you feel the need, the best strategy is to approach it in a systematic way and plan.

Start by identifying content you can turn into standard formats.

Don’t stop with just routine paperwork.

Review the list of ideas above and decide which you can put in place.

Make a list and focus on the most commonly used (the ones that would save you the most time in the short-term).

Next, create a workflow for getting the templates done.

An easy way to do this is to take content you’ve already created and make adjustments.

This keeps you from having to make each from scratch, which saves hours and days.

Before you start creating templates, create a filing system.

This is very important as you’ll want to be able to immediately find them when they’re needed.

A good way to file is to create a folder for templates, inside which you have categories for different tasks or areas of your business.

A good way to organise is to name them using keywords so that they are alphabetical within the files.

This also makes them easy to search for.

Make sure you delete old versions whenever you update a template, so you don’t use the wrong one.

Keep Creating New Templates

Once you have created your templates and you have them organised, keep looking for new content you can transform.

Go beyond the ideas here and see where else you can create standard templates for your business.

Remember, a good template library will help you save time and trouble so you can focus on more important things.

Get started today by looking at exactly where you’ll benefit using templates in your business.

Download our free worksheet – Are You Ready for Templates?

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Written by 

Co-Founder & CEO of Link Management Group. An Investor & Coach to Small Business Owners, for the past 30 years I have helped startup and early-stage businesses to enter new markets and achieve sustainable growth of both revenue and profits. I have experience across a diverse range of sectors including central government, information services, software, health insurance, pet products, couture fashion, entertainment and aviation.  How can I help your organisation accelerate growth and achieve its full potential? 

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