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

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.
Reworking Your Business Plan? Consider These Tips

Reworking Your Business Plan? Consider These Tips

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

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

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

Writing a Business Plan? Don't Forget About Marketing

Executing a solid marketing strategy is essential to any venture's success. Otherwise, your genius may be greeted by crickets.

Young Entrepreneur's 10 Most Popular Stories of 2012

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.

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

Veteran venture capitalist Jason Green on the importance of a minimum viable product and assembling a top-notch team.

Do You Need an MBA for Startup Success?

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

How Your Business Plan Might Be Holding You Back

Use the time you save writing a detailed business plan to move past the planning phase and help your company take flight.
10 Top Reasons Why First-Time Entrepreneurs Fail

10 Top Reasons Why First-Time Entrepreneurs Fail

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.
Thinking of Majoring in Entrepreneurship? Read This First

Thinking of Majoring in Entrepreneurship? Read This First

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.
7 Paybacks an Alma Mater Can Offer Young Entrepreneurs

7 Paybacks an Alma Mater Can Offer Young Entrepreneurs

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.
Why Your Business Plan Is Probably Incomplete

Why Your Business Plan Is Probably Incomplete

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.
Should You Create Your Business Plan on Pinterest?

Should You Create Your Business Plan on Pinterest?

The social sharing pinboard isn't just for recipes and animal photos, it can help you build a vision for your business.
The Good, the Bad and the Ugly of Business-Plan Competitions

The Good, the Bad and the Ugly of Business-Plan Competitions

For startups seeking critical seed money, business-plan competitions can be both a blessing and a curse.
From Starving Artist to Young Entrepreneur: Conor McCreedy on Making Creativity Pay

From Starving Artist to Young Entrepreneur: Conor McCreedy on Making Creativity Pay

From artists to chefs to designers, making money is still considered taboo. But when you want to make it big in fashionable industries, being able to earn a buck is often key.
3 Reasons to Skip the Business Plan

3 Reasons to Skip the Business Plan

Starting a business is like a prizefight, you can project a path but the road is still full of surprise punches.
Where 'Shark Tank' Goes to Poach Young Entrepreneurs

Where 'Shark Tank' Goes to Poach Young Entrepreneurs

Starting up when you're 13 may not be easy, but for some it could mean landing big bucks -- as ABC's hit show 'Shark Tank' looks for fodder on school campuses.
Why Your Business Needs an Operations Plan

Why Your Business Needs an Operations Plan

If you're sailing your boat without a rudder, you're going to lose control when the water gets rough. A growing business needs a sound operations plan to survive.
Lean Startups Need Business Plans, Too

Lean Startups Need Business Plans, Too

Lean business planning doesn't mean no business planning. The formal written business plan has long been obsolete. A real business plan should grow organically, with regular review and revision.
7 Ways to Weigh Your Start-Up Risks -- and Reduce Them

7 Ways to Weigh Your Start-Up Risks -- and Reduce Them

Starting up is obviously a risk, which can make jumping right in scary. Here's how to minimize those risks to boost your entrepreneurial rewards.
How to Craft a Business Plan That Will Turn Investors' Heads

How to Craft a Business Plan That Will Turn Investors' Heads

When asking anyone to help fund your startup, you'll at least need a business plan first. Here's what it should include.
When the Product Is the Marketing, and Vice Versa

When the Product Is the Marketing, and Vice Versa

Sometimes the product itself is the marketing. In those rare cases, businesses can thrive without organized marketing.

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