Business Plans

News and Articles About Business Plans

7 Myths About Starting a Business That I Used to Believe
Starting a Business

7 Myths About Starting a Business That I Used to Believe

Don't fall for these entrepreneurial urban legends -- you can do more than you think with what you have!
Matthew Toren
Dear Millennials: To Grow Your Business, Focus on People, Not Just Products
Customer Engagement

Dear Millennials: To Grow Your Business, Focus on People, Not Just Products

Take these three steps to "invite" people into your business.
Andrew Benett
The Crucial Question You Must Ask Yourself Regularly
Wealth

The Crucial Question You Must Ask Yourself Regularly

If you're not happy with your life today, what's your plan for making tomorrow different?
Timothy Sykes
Revealing the Secret Strategy of Self-Directing Your Retirement Funds
Tax Center

Revealing the Secret Strategy of Self-Directing Your Retirement Funds

Don't feel trapped into investing your IRA or other retirement plan into one of the menu options you get from your account custodian. There are other choices.
Mark J. Kohler
7 Keys to a Compelling Executive Summary That Wins Over Investors
Investors

7 Keys to a Compelling Executive Summary That Wins Over Investors

Few investors these days have the time or patience to read a full business plan. Your two-page document should include these fields.
Martin Zwilling
How to Find Your Inventory Sweet Spot
Starting a Business

How to Find Your Inventory Sweet Spot

You are what you sell, so we'll help you learn to match the needs and wants of your customers to the right goods and prices.
The Staff of Entrepreneur Media, Inc.
Creating a Road Map to Business Success
Starting a Business

Creating a Road Map to Business Success

Plan carefully for business success -- from your first idea to the moment you open your doors.
Jeremy Bloom
6 Policies Your Retail Business Needs to Succeed
Starting a Business

6 Policies Your Retail Business Needs to Succeed

It's details like these that can make you a success or doom you to failure.
The Staff of Entrepreneur Media, Inc.
Use These 3 Analysis Tools to Prepare a Killer Business Plan
Business Plans

Use These 3 Analysis Tools to Prepare a Killer Business Plan

Writing a business plan doesn't have to be agonizing -- there can be some fun in doing it.
Jeff Boss
How to Find the Right Location for Your Store
Starting a Business

How to Find the Right Location for Your Store

Location is key to a successful retail operation. Get the facts on how to decide where to base your business.
The Staff of Entrepreneur Media, Inc.
Look Ahead to These 4 Business Plan Milestones
Business Plans

Look Ahead to These 4 Business Plan Milestones

Know what you're working toward.
Nina Zipkin
6 Reasons Why Your Elevator Pitch Isn't Working
Elevator pitch

6 Reasons Why Your Elevator Pitch Isn't Working

You've only got about 30 seconds to land a great first impression, and your elevator pitch is the best tool to get the job done.
Jayson DeMers
Don't Make These 6 Business Plan Mistakes
Business Plans

Don't Make These 6 Business Plan Mistakes

Far more businesses fail than succeed. It all starts with the right plan.
Nina Zipkin
6 Reasons to Update Your Business Plan
Business Plans

6 Reasons to Update Your Business Plan

Revise your business plan so it grows with your company and your goals.
Nina Zipkin

For any entrepreneur planning to start a business, writing a business plan is a helpful way to clarify what service or products the company provides, as well as your business goals and how to to reach them. Business plans are considered a mandatory step for entrepreneurs seeking funding from venture capitalists or banks.  

What to include: Business plans vary in length -- anywhere from 20 to 50 pages -- but typically cover the same topics, such as: Cover Page (essential contact information); Executive Summary (what your business does and what market need it solves); Company Overview (profile of company and successes); Industry Analysis (details about the market); Customer Analysis (who are the customers); Competitive Analysis (identify key competitors); Marketing Plan (your brand and how do you plan on getting it in front of customers); Operations Plan (daily and yearly operational processes for success); Management Team (identify key company personnel); and Financial Plans (revenue projections for three to five years).     

Helpful resources: For guidance on how to write a business plan, read “Business Plans: A Step-by-Step Guide” and Write Your Business Plan from the staff of Entrepreneur Media.

 
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