Business Plans

Often the first act of entrepreneurship is formalizing a business plan for a prospective company. Business plans, which serve as something of a roadmap for how a founder will turn an idea into a full-fledged business, typically include information like an executive summary, a market analysis and financial projections.

Business plans can be vital for entrepreneurs and business owners interested in lining up a bank loan or attracting other stakeholders such as investors. And though a plan may change over time, entrepreneurs and owners often say the process of mapping out how a company will operate and who its customers will be is invaluable.

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News and Articles About Business Plans

5 Easy Tweaks You Can Make to Consistently Land New Customers

5 Easy Tweaks You Can Make to Consistently Land New Customers

People visit your website looking for what you offer. Making them feel welcome is step one to earning loyal new customers.
The Best Time to Visit Your Franchise Headquarters

The Best Time to Visit Your Franchise Headquarters

Some advice for franchisees on how to decide whether a trip to your franchise's home turf makes sense.
How to Anticipate Cash-Flow Problems

How to Anticipate Cash-Flow Problems

Do advance planning to avoid a crash course in the lesson you don't want to learn the hard way.
The Top 5 Mistakes People Make When Starting a Business

The Top 5 Mistakes People Make When Starting a Business

Sure, you're idea is unique but how businesses survive, or don't, is the same for everybody.
Dress Well and Leave the 'Umms' at Home -- 5 Ways to Ace an Investor Pitch

Dress Well and Leave the 'Umms' at Home -- 5 Ways to Ace an Investor Pitch

There’s one thing worse than watching an entrepreneur crumble under a fatal barrage of questions.
How to Build a Business in Just 10 Days

How to Build a Business in Just 10 Days

Get a thriving company off the ground with this plan.
How a Family-Owned Firm Can Beat the Odds and Pivot

How a Family-Owned Firm Can Beat the Odds and Pivot

Use a leadership change as a catalyst for a shift in the business model to keep up with trends.
When Angel Investors Reject Your Plan

When Angel Investors Reject Your Plan

If those you've approached for money say no, try to figure out why. Maybe it will lead to some good news.
How to Evaluate Your Startup Like a VC

How to Evaluate Your Startup Like a VC

The are six factors that investors will focus on when evaluating your business. Know them by heart.
3 Questions Every Business Owner Needs to Ask Themselves In July

3 Questions Every Business Owner Needs to Ask Themselves In July

With summer in full swing and the start of the third quarter, it's time to take an honest look at your progress.
What a Teen's Summer Job Can Teach Us About Good Business Practices

What a Teen's Summer Job Can Teach Us About Good Business Practices

Lessons come from everywhere -- even that kid selling ice cream from a boat.
Write a Winning Business Plan With These 8 Key Elements

Write a Winning Business Plan With These 8 Key Elements

Before you launch your company, create a document that will serve as its foundation.
Richard Branson on Why Compassion Is a Competitive Advantage

Richard Branson on Why Compassion Is a Competitive Advantage

Business used to be a cutthroat world where the only thing that mattered was profit -- but that's changing quickly.
5 Steps for Creating a Long-Term Plan for Your Startup

5 Steps for Creating a Long-Term Plan for Your Startup

Having a clear vision of your company’s long-term trajectory is essential to ensuring its success.
Shark Tank's Robert Herjavec on Great Business Pitches and Why Sales Reps Need to Be Chameleons

Shark Tank's Robert Herjavec on Great Business Pitches and Why Sales Reps Need to Be Chameleons

The serial entrepreneur and investor explains how company plans should be framed around customer needs -- and his sartorial choices.
Facing Startup Uncertainty? Try 2 Different Ways to Plan for the Future.

Facing Startup Uncertainty? Try 2 Different Ways to Plan for the Future.

New business owners often rely on prediction or creation logic -- and sometimes use both.
The 4 Pitfalls Small Businesses Face

The 4 Pitfalls Small Businesses Face

Launching and running a company is no walk in the park. Be aware of these challenges before you jump into starting a business.
Don't Go Too Lean. On America's Main Street, Business Plans Still Work.

Don't Go Too Lean. On America's Main Street, Business Plans Still Work.

Don't kid yourself. For most new firms launching outside Silicon Valley, developing a startup strategy is essential.
Your Mission Statement May Be Utterly Useless or a Gold Mine

Your Mission Statement May Be Utterly Useless or a Gold Mine

Make yours meaningful by defining goals and specific strategies for customers, the enterprise and owners. Or skip one if there's no business purpose for it.
What Happens to Your Business If You Die?

What Happens to Your Business If You Die?

What happens when you want to retire and stop running your business? Here are a few tidbits of advice on how to keep your company growing, even when you are no longer the boss.
The Lie Entrepreneurs Tell Themselves and Others

The Lie Entrepreneurs Tell Themselves and Others

Entrepreneurs often seem like they are so put together – their plan is on target, they are doing amazing and life couldn't be better. But many times that couldn't be further from the truth. And that is okay.
How Do I Build a Business Plan? (Infographic)

How Do I Build a Business Plan? (Infographic)

Take a look at this infographic for tips on how to write a great business plan.
Don't Be a 'Pividiot.' Follow These Tips.

Don't Be a 'Pividiot.' Follow These Tips.

Constantly changing directions can harm your business. So how do you know when it's a good time to pivot?
Lessons From the Boston Red Sox That Can Help Your Business in the New Year

Lessons From the Boston Red Sox That Can Help Your Business in the New Year

As 2014 approaches, consider these three important lessons gleaned from the World Series baseball champions.
When Planning for the Future, Keep Your Past in Perspective

When Planning for the Future, Keep Your Past in Perspective

In order to grow and improve your startup, it helps to take a close look at hidden and existing assets.
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