Business Plans

News and Articles About Business Plans

10 Answers That Will Make Your Startup Plan Worthy of Investment
Ready To Launch

10 Answers That Will Make Your Startup Plan Worthy of Investment

Having all the answers when you pitch investors will lead them to ask only one question: ""How soon can I sign up?"
Martin Zwilling
Why Believing Your Own Projections Is Risky Business
Financial Projections

Why Believing Your Own Projections Is Risky Business

A growing number of tech giants have missed targets and have re-evaluated projections. As a result, they've been forced to slow hiring or initiate massive layoffs.
David Mandell
Don't Overlook the Boring Details That Torpedo Flashy Startups
Ready To Launch

Don't Overlook the Boring Details That Torpedo Flashy Startups

Don't let the glamour and allure of startup culture blind you to the practical prerequisite of a rock-solid business plan.
Daniel Wesley
4 Strategic Planning Exercises That You Should Do Annually
Business Optimization

4 Strategic Planning Exercises That You Should Do Annually

Start with a SWOT framework for every department. That's short for 'strengths, weaknesses, opportunities and threats.'
David Ciccarelli
5 Steps to Create a 1-Page Strategic Plan for Your Business
Business Plans

5 Steps to Create a 1-Page Strategic Plan for Your Business

What, exactly, is your big hairy audacious goal? Yes, it's called a BHAG, and it's a real thing.
Zach Cutler
Eternal Sunshine of a Flawless Plan: Winning Startup Strategies
Ready To Launch

Eternal Sunshine of a Flawless Plan: Winning Startup Strategies

Ever see the 2004 Kate Winslet/Jim Carrey film? Turns out it has a lot in common with an entrepreneurial startup.
Dipti Parmar
If You're Not Serious About a Business Plan, You're Not Serious About Business
Business Plans

If You're Not Serious About a Business Plan, You're Not Serious About Business

Creating a top-notch business plan will provide the highest chance of success while increasing your credibility with investors and your team.
Tallat Mahmood
6 Prerequisites for Turning Your Passion Into Profits
Success Strategies

6 Prerequisites for Turning Your Passion Into Profits

Passion is necessary but not sufficient fuel to turn a bright idea into a successful business.
Martin Zwilling
The Top 3 Economic Challenges Facing Entrepreneurs in 2016
Forecasts

The Top 3 Economic Challenges Facing Entrepreneurs in 2016

The upcoming year will favor those who best prepared for changes in the economy, technology and globabilization.
Per Bylund
Don't Go the Way of the Hydrogen-Fueled Engine. Make Sure Your Product Fits Into Today's World.
Product Development

Don't Go the Way of the Hydrogen-Fueled Engine. Make Sure Your Product Fits Into Today's World.

Study these six keys to properly balance technological innovation and business opportunity.
Martin Zwilling
4 Strategies for Scaling Up From a Business Guru
Scaling

4 Strategies for Scaling Up From a Business Guru

Author Verne Harnish did wonders for me as I planned to expand my already-growing business. Here's how.
Zach Cutler
4 Reasons Why a Traditional 40-Page Business Plan Is an Insane Waste of Time
Business Plans

4 Reasons Why a Traditional 40-Page Business Plan Is an Insane Waste of Time

No one will even read your epic novel of a plan in this age of short bursts of information. Create a 10-page pitch deck instead.
Adam Callinan
5 Reasons Your Business Plan Sucks and How You Can Change It
Business Plans

5 Reasons Your Business Plan Sucks and How You Can Change It

Most plans fail to achieve their objective and end up misrepresenting the business.
Tallat Mahmood
3 Reasons to Thank Your Critics
Entrepreneur Mindset

3 Reasons to Thank Your Critics

What doesn't kill you makes you stronger. Here's why.
Ken Dunn

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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