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Business plans

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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

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

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

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GoFundMe, a popular crowdfunding site, went through several iterations before it found its niche helping individuals rally around personal causes.
June 28, 2013 in Starting a Business
Numbers You Need to Know to Grow Your Business

Numbers You Need to Know to Grow Your Business

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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.
June 12, 2013 in Business Management
Video: 3 Reasons Why You Need a Business PlanPlay Video

3 Reasons Why You Need a Business Plan (Video)

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Operating as a lean startup has its advantages, but you still need a roadmap to success. That's where your business plan comes in.
May 28, 2013 in Your Business Plan
How to Build a Lean and Efficient Business Plan

How to Build a Lean and Efficient Business Plan

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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.
April 17, 2013 in Your Business Plan
College Entrepreneurs to Compete for Big Money Prizes at Rice University

College Entrepreneurs to Compete for Big Money Prizes at Rice University

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One of the largest -- and richest -- business plan competitions in the country kicks off today.
April 11, 2013 in Startup Financing
Why Employees Need a Say in Your Business Planning

Why Employees Need a Say in Your Business Planning

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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.
April 11, 2013 in Human Resources
When Is the Best Time to Write Your Business Plan?

When Is the Best Time to Write Your Business Plan?

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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.
March 28, 2013 in Your Business Plan
10 Questions to Ask Before Quitting Your Job to Start a Business

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

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How do you know when the time is right to make the leap?
March 13, 2013 in Startup Basics
How to Build an Advisory Board

How to Build an Advisory Board

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Why you should consider building an advisory team alongside your business plan -- and how to get started.
March 11, 2013 in Choosing a Business Structure
3 Apps to Help You Write a Business Plan

3 Apps to Help You Write a Business Plan

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Helpful apps that guide you from brilliant business idea to an actionable plan.
February 4, 2013 in Apps & Software
Crash Course in Business Plan Competitions

Crash Course in Business Plan Competitions

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Business-plan competitions can yield more than seed money for your bright idea -- they can also connect you with mentors, collaborators and investors.
January 16, 2013 in Your Business Plan

Barbara Corcoran's 6 Pearls of Wisdom for Young Treps

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Ahead of her keynote address at Entrepreneur's annual Growth Conference, here are some of her choicest gems of advice for young entrepreneurs.
January 7, 2013 in Starting a Business
Reworking Your Business Plan? Consider These Tips

Reworking Your Business Plan? Consider These Tips

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If you're looking to run your business better, you'll need the discipline to stick to a plan. Here's how to make better choices from the start.
January 7, 2013 in Your Business Plan
Reverse-Engineering Your Business Plan: Success Starts With the End

Reverse-Engineering Your Business Plan: Success Starts With the End

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Focusing on your ultimate goals can help you devise a plan to reach them.
January 3, 2013 in Your Business Plan
Writing a Business Plan? Don't Forget About Marketing

Writing a Business Plan? Don't Forget About Marketing

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Executing a solid marketing strategy is essential to any venture's success. Otherwise, your genius may be greeted by crickets.
January 1, 2013 in Marketing Plan

Young Entrepreneur's 10 Most Popular Stories of 2012

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From inspiring quotes and giant-brand mishaps to tips on starting up and growing a business, here are the stories that became our readers' favorites this year.
December 31, 2012 in Starting a Business

Are You Ready to Launch? Here’s How to Find Out

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Veteran venture capitalist Jason Green on the importance of a minimum viable product and assembling a top-notch team.
December 26, 2012 in Starting a Business

Do You Need an MBA for Startup Success?

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Student entrepreneur Joseph Draschil on how his education prepared him for running a business, but why he had to look elsewhere for startup help.
December 6, 2012 in Young Entrepreneurs
How Your Business Plan Might Be Holding You Back

How Your Business Plan Might Be Holding You Back

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Use the time you save writing a detailed business plan to move past the planning phase and help your company take flight.
October 3, 2012 in Your Business Plan
10 Top Reasons Why First-Time Entrepreneurs Fail

10 Top Reasons Why First-Time Entrepreneurs Fail

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You never want to make the same mistake twice, but isn't success sweeter when you don't make any? Here are some reasons why businesses fail and tips for how to avoid it.
September 14, 2012 in Startup Basics
Thinking of Majoring in Entrepreneurship? Read This First

Thinking of Majoring in Entrepreneurship? Read This First

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For many heading to campus who also dream of starting a business one day, majoring in entrepreneurship can help. But it's far from the only major decision you'll need to make along the way.
August 29, 2012 in Young Entrepreneurs
7 Paybacks an Alma Mater Can Offer Young Entrepreneurs

7 Paybacks an Alma Mater Can Offer Young Entrepreneurs

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Think university resources are only for students? Here are some ideas for how to best utilize your old school -- even when you're no longer on campus.
August 27, 2012 in Young Entrepreneurs
Why Your Business Plan Is Probably Incomplete

Why Your Business Plan Is Probably Incomplete

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In creating a business plan, many entrepreneurs forget to bring along their roadmaps for how they'll accomplish goals. Here are a few can't-miss sights.
August 20, 2012 in Business Management

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