Business Plans

How to Build a Business Plan For Your Personal Brand
Business Plans

How to Build a Business Plan For Your Personal Brand

Your company branding deserves a business plan, so why not your personal branding? Here's how to get started.
Jim Joseph
How to Grow Your Startup Into a Powerhouse in Less Than 3 Years
Starting a Business

How to Grow Your Startup Into a Powerhouse in Less Than 3 Years

Big brands are constantly planning for the future and strategizing their next move. Here's how you can use a similar approach to grow your startup.
Jim Joseph
Starting a Business

10 Business Plan Benefits You Might Be Forgetting

If you think creating a business plan is not for you, think again. Here are ten ways your business plan can help you be a better entrepreneur.
Tim Berry
4 Ways to Fit Your Mobile App Into Your Business Strategy
Technology

4 Ways to Fit Your Mobile App Into Your Business Strategy

Ask the right questions and make the right choices and your mobile app could be an integral part of your growth strategy.
Rahul Varshneya
Do Angry McDonald's Franchisees Have a Leg to Stand On?
Franchise

Do Angry McDonald's Franchisees Have a Leg to Stand On?

If you're thinking of becoming the owner of any franchise someday, there's an important lesson contained in what's currently going on with this fast-food giant.
Joel Libava
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
Finance

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.

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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