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

How to Build a Business Plan For Your Personal Brand

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

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.

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.
4 Ways to Fit Your Mobile App Into Your Business Strategy

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

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.
Why You Shouldn't Send Your Business Plan to Investors

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.
Good Entrepreneurs Borrow, Great Ones Steal

Good Entrepreneurs Borrow, Great Ones Steal

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

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.
How and Why Business Plans Have Changed

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

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.
Crocs: From Footwear Fad to Billion-Dollar Company

Crocs: From Footwear Fad to Billion-Dollar Company

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

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

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.
Numbers You Need to Know to Grow Your Business

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.
3 Reasons Why You Need a Business Plan

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.
How to Build a Lean and Efficient Business Plan

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.
College Entrepreneurs to Compete for Big Money Prizes at Rice University

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.
Why Employees Need a Say in Your Business Planning

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.
When Is the Best Time to Write Your Business Plan?

When Is the Best Time to Write Your Business Plan?

You don't need to drop everything to put together a business plan. Instead, it should be a constant work-in-progress. Here's how.
10 Questions to Ask Before Quitting Your Job to Start a Business

10 Questions to Ask Before Quitting Your Job to Start a Business

How do you know when the time is right to make the leap?
How to Build an Advisory Board

How to Build an Advisory Board

Why you should consider building an advisory team alongside your business plan -- and how to get started.
3 Apps to Help You Write a Business Plan

3 Apps to Help You Write a Business Plan

Helpful apps that guide you from brilliant business idea to an actionable plan.
Crash Course in Business Plan Competitions

Crash Course in Business Plan Competitions

Business-plan competitions can yield more than seed money for your bright idea -- they can also connect you with mentors, collaborators and investors.

Barbara Corcoran's 6 Pearls of Wisdom for Young Treps

Ahead of her keynote address at Entrepreneur's annual Growth Conference, here are some of her choicest gems of advice for young entrepreneurs.

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