Business Plans

News and Articles About Business Plans

Why You Shouldn't Send Your Business Plan to Investors
Starting a Business

Why You Shouldn't Send Your Business Plan to Investors

Creating a business plan is important. But the trick is in learning how to leverage it to best get funding.
Dave Lavinsky
Good Entrepreneurs Borrow, Great Ones Steal
Starting a Business

Good Entrepreneurs Borrow, Great Ones Steal

Fabrice Grinda expands on International Idea Arbitrage and how to execute existing ideas in emerging markets.
Dave Lerner
How to Turn Your Business Idea into a Business Model
Starting a Business

How to Turn Your Business Idea into a Business Model

Once you have a business idea, it's time to get to the real work of getting it off the ground and running. Here are three ways to get started.
Brad Sugars
How and Why Business Plans Have Changed
Starting a Business

How and Why Business Plans Have Changed

The fundamentals of business plan writing remain the same, but there are some crucial changes these days that you should keep in mind when crafting your plan.
Tim Berry
10 Questions to Ask if You Want to Create a Winning Business Plan
Starting a Business

10 Questions to Ask if You Want to Create a Winning Business Plan

Throw out everything you know about a business plan. These are the questions you need to ask to sell your idea to investors.
Arlene Weintraub
Crocs: From Footwear Fad to Billion-Dollar Company
Growth Strategies

Crocs: From Footwear Fad to Billion-Dollar Company

This iconic shoemaker bounced back after the recession by revamping its product lines and distribution channel.
Sarah Max
Why Your Business Could Be Failing Even If You Hit Your Numbers
Cash Flow Center

Why Your Business Could Be Failing Even If You Hit Your Numbers

More than half of businesses that meet their income forecasts fail. Here's why and what steps you can take to make sure your business forecasts are financially sound.
Matt Garrett
A Plucky Startup Ditches 'Coin Piggy' Roots and Finds Its Mission
Starting a Business

A Plucky Startup Ditches 'Coin Piggy' Roots and Finds Its Mission

GoFundMe, a popular crowdfunding site, went through several iterations before it found its niche helping individuals rally around personal causes.
Sarah Max
How To Write A Business Plan
How To

How To Write A Business Plan

Now that you understand why you need a business plan and you've spent some time doing your homework gathering the information you need to create one, it's time to roll up your sleeves and get everything down on paper.
Numbers You Need to Know to Grow Your Business
Growth Strategies

Numbers You Need to Know to Grow Your Business

Managing your business well means measuring your progress regularly. Here are five ways to better keep track of your numbers to help boost your bottom line.
Dave Lavinsky
3 Reasons Why You Need a Business Plan
Starting a Business

3 Reasons Why You Need a Business Plan

Operating as a lean startup has its advantages, but you still need a roadmap to success. That's where your business plan comes in.
Colleen DeBaise
How to Build a Lean and Efficient Business Plan
Starting a Business

How to Build a Lean and Efficient Business Plan

Your business plan must be ready to accommodate rapid changes so that your company can follow suit. Here are five ways to make your business plan as lean and effective as possible.
Tim Berry
College Entrepreneurs to Compete for Big Money Prizes at Rice University
Starting a Business

College Entrepreneurs to Compete for Big Money Prizes at Rice University

One of the largest -- and richest -- business plan competitions in the country kicks off today.
Dinah Wisenberg Brin
Why Employees Need a Say in Your Business Planning
Growth Strategies

Why Employees Need a Say in Your Business Planning

When employees help set your company's goals, they'll be more committed to seeing them through. Here are some strategies to better engage employees in business planning.
Dave Lavinsky

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 nalysis (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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