Business Plans

News and Articles About Business Plans

Does Your Business Plan Answer These 6 Questions?
Business Plans

Does Your Business Plan Answer These 6 Questions?

Answering a few key questions can make business plan writing a little easier.
Nina Zipkin
Why Startups Should Consider 'The Bakery Model' When Starting Out
Revenue

Why Startups Should Consider 'The Bakery Model' When Starting Out

This strategy focuses more on generating revenue from the get-go, rather than relying on capital from outside investors.
Zeev Farbman
4 Pincers for Crushing Your Competition
Competitive Advantages

4 Pincers for Crushing Your Competition

A Chicago packaging company shows how commitment to its employees and customers has fueled astronomical growth.
Peter S. Cohan
How Eating Chocolate Chip Cookies With My Dad Taught Me to Analyze Business
Startup Basics

How Eating Chocolate Chip Cookies With My Dad Taught Me to Analyze Business

As my father and I enjoyed a snack, he provided me with a simple lesson I have never forgotten.
Stephen Key
4 Essential Considerations of a Bank-Friendly Business Plan
Business Plans

4 Essential Considerations of a Bank-Friendly Business Plan

Your business plan is not an academic exercise or a hoop to jump through, it's a living document that shows investors, advisors and business partners that you are serious about making your dream reality.
David Nilssen
6 Critical Questions Your Business Plan Must Answer
Starting a Business

6 Critical Questions Your Business Plan Must Answer

If you want to lay the groundwork for a stable business and attract investors, make sure you're hitting these points.
Larry Alton
The Essential Ingredients to Startup Success
Success Strategies

The Essential Ingredients to Startup Success

If you are just beginning your first business venture, no matter where you are in your life, here are my first steps to get you going.
Lewis Howes
The One Simple Tool for Transforming Your Relationship With Investors
Investor Relations

The One Simple Tool for Transforming Your Relationship With Investors

Creating a MAP will take no more than an hour of your time every month and will keep the lines of communication open, ensuring relationships with investors remain strong, and ultimately helping early-stage startups succeed.
Will Ford
8 Reasons to Update Your Business Plan Right Now
Business Plans

8 Reasons to Update Your Business Plan Right Now

Writing your business plan isn't a one-time event. Here's why it's critical to update it from time to time.
The Staff of Entrepreneur Media, Inc.
5 Questions to Ask About Your Financial Model to Add Real Value To Your Startup
Finance

5 Questions to Ask About Your Financial Model to Add Real Value To Your Startup

For maximum value with the least effort, focus on only the "what ifs" that are the highest priority in your mind for your own startup.
Martin Zwilling
Add This Dimension to a Traditional Business Analysis for a Fuller Marketing Plan
Marketing

Add This Dimension to a Traditional Business Analysis for a Fuller Marketing Plan

Typically, you look at strengths, weaknesses, opportunities and threats from a product perspective. Here's what you should also be doing.
Jim Joseph
How to Use Your Business Plan as a Benchmark for Performance
Business Plans

How to Use Your Business Plan as a Benchmark for Performance

Don't just file your business plan away in a drawer once you've launched. Instead, use it to keep tabs on how you're doing.
The Staff of Entrepreneur Media, Inc.
4 Reasons Why Nobody Can Write Your Business Plan Better Than You
Business Plans

4 Reasons Why Nobody Can Write Your Business Plan Better Than You

Consultants and editors can polish your plan but only you can infuse it with the passion that drives your dream.
John Boitnott
Update Your Business Plan to Renew Your Drive and Focus
Business Plans

Update Your Business Plan to Renew Your Drive and Focus

See why giving this key document an occasional overhaul is a must-do exercise for every company owner.
Moe Kittaneh

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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