Business Plans

News and Articles About Business Plans

A Simple 6-Step Process to Starting a Small Business
Starting a Business

A Simple 6-Step Process to Starting a Small Business

It can be easier than you think if your break it down in small moves forward.
Matthew Toren
5 Common Business Plan Mistakes That Torpedo Startups
How To Write a Business Plan

5 Common Business Plan Mistakes That Torpedo Startups

Your business plan isn't a romance novel, so don't depend on just your passion to get investors interested in reading it.
Larry Alton
3 Ways Untested Business Plans Are Worse Than a Waste of Time
Business Plans

3 Ways Untested Business Plans Are Worse Than a Waste of Time

Test your promising idea first. Write the plan after the market determines it will work.
Alexander Osterwalder
5 Signs You Are Ready to Start Up Even If You Don't Think So
Entrepreneur Coaching

5 Signs You Are Ready to Start Up Even If You Don't Think So

Past a certain point, more preparation is just stalling.
Michael Noice
The Power of Planning: NASA's Pluto Flyby Was Epic and Amazing
Space Travel

The Power of Planning: NASA's Pluto Flyby Was Epic and Amazing

The mission, which is still underway but looking ever more promising, marks an unparalleled display of patience and coordination.
Geoff Weiss
Considering Crowdfunding? Why You Need a Strong Business Plan First.
Business Plans

Considering Crowdfunding? Why You Need a Strong Business Plan First.

Without one, you'll become one of the vast majority of hopeful entrepreneurs who find themselves without enough capital to keep moving.
Jayson DeMers
New Study Finds Rats May Plan for the Future While Dreaming
Science

New Study Finds Rats May Plan for the Future While Dreaming

Researchers from University College London found that when rats dream, their brain activity suggests that they are trying to work out different ways to get to the things they want, like food.
Nina Zipkin
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

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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