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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

Should You Create Your Business Plan on Pinterest?

Should You Create Your Business Plan on Pinterest?

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The social sharing pinboard isn't just for recipes and animal photos, it can help you build a vision for your business.
August 10, 2012 in Your Business Plan
The Good, the Bad and the Ugly of Business-Plan Competitions

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

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For startups seeking critical seed money, business-plan competitions can be both a blessing and a curse.
July 25, 2012 in Startup Financing
From Starving Artist to Young Entrepreneur: Conor McCreedy on Making Creativity Pay

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

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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.
July 24, 2012 in Young Entrepreneurs
3 Reasons to Skip the Business Plan

3 Reasons to Skip the Business Plan

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Starting a business is like a prizefight, you can project a path but the road is still full of surprise punches.
July 22, 2012 in Your Business Plan
Where 'Shark Tank' Goes to Poach Young Entrepreneurs

Where 'Shark Tank' Goes to Poach Young Entrepreneurs

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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.
July 19, 2012 in Startup Basics
Why Your Business Needs an Operations Plan

Why Your Business Needs an Operations Plan

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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.
July 18, 2012 in Your Business Plan
Lean Startups Need Business Plans, Too

Lean Startups Need Business Plans, Too

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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.
July 10, 2012 in Your Business Plan
7 Ways to Weigh Your Start-Up Risks -- and Reduce Them

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

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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.
July 3, 2012 in Starting a Business
How to Craft a Business Plan That Will Turn Investors' Heads

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

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When asking anyone to help fund your startup, you'll at least need a business plan first. Here's what it should include.
June 15, 2012 in Your Business Plan
When the Product Is the Marketing, and Vice Versa

When the Product Is the Marketing, and Vice Versa

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Sometimes the product itself is the marketing. In those rare cases, businesses can thrive without organized marketing.
May 1, 2012 in Your Business Plan
Startup Basics: How to Master the Fundamentals

Startup Basics: How to Master the Fundamentals

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Stick to these four proven principles to keep your business growing -- and successful.
April 6, 2012 in Startup Basics
The Business Model for Disruption

The Business Model for Disruption

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For groundbreaking companies like Twitter and Pinterest, business plans take a backseat to growing traffic. Thanks to the excitement over the expected Facebook IPO, it's starting to feel like the dot-com boom all over again.
April 3, 2012 in Your Business Plan
Video: Good Nite Lite's Adam Nelson on Growing Without a Business PlanPlay Video

Good Nite Lite's Adam Nelson on Growing Without a Business Plan (Video)

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Entrepreneur Magazine's Emerging Entrepreneur of 2011 shares growth strategies that helped his startup succeed.
February 6, 2012 in Growing Your Business
Sit Down Now and Write That Business Plan (Opinion)

Sit Down Now and Write That Business Plan (Opinion)

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If you're serious about building a successful enterprise, you'll need a business plan. But don't let that stop you from starting.
February 1, 2012 in Your Business Plan
10 Business Plan Words Every Manager Needs to Know By Heart

10 Business Plan Words Every Manager Needs to Know By Heart

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If you're starting or running a business, you'll need to know this list of essential business planning words.
January 30, 2012 in Your Business Plan
The Top 10 Business Plan Mistakes

The Top 10 Business Plan Mistakes

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If you're thinking about writing a business plan, consider this list of common mistakes people make and expert advice for steering clear of them.
January 5, 2012 in Your Business Plan
To Make Business Planning Less Daunting, Let's Call It Something Else

To Make Business Planning Less Daunting, Let's Call It Something Else

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We need new vocabulary for business planning. Just don't call it a 'business plan.'
December 5, 2011 in Your Business Plan
Planning for Next Year? Get a Fix on These Numbers First

Planning for Next Year? Get a Fix on These Numbers First

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Figure out the metrics that drive your business and you'll zoom ahead of the competition.
November 15, 2011 in Your Business Plan
How Winning Contests Helped a Startup Beyond the Launch

How Winning Contests Helped a Startup Beyond the Launch

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Kris Appel launched and developed her medical device company using the cash and services she won in business plan competitions
November 10, 2011 in Your Business Plan
Three Financial Guesstimates Every Business Plan Needs

Three Financial Guesstimates Every Business Plan Needs

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Not a numbers person? Our columnist explains the fundamentals of financial projections that should go into your business plan.
November 4, 2011 in Your Business Plan
NBA Great Charles Barkley to Give Tech Startup $25K

NBA Great Charles Barkley to Give Tech Startup $25K

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Barkley's business-plan contest award to help one lucky business owner 'get into the game.'
October 18, 2011 in Financing
Three Questions to Answer Before You Write a Business Plan

Three Questions to Answer Before You Write a Business Plan

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Before you can map out a business plan, you have to make some basic decisions about the direction that you want your company to take.
October 17, 2011 in Your Business Plan
The Myth of the Business Plan

The Myth of the Business Plan

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Don't fall prey to analysis by paralysis. Writing a business plan isn't all it's cracked up to be. If you're agonizing over a written plan, your time might be better spent talking to potential customers.
October 10, 2011 in Your Business Plan
Five Questions Your Business Plan Must Answer

Five Questions Your Business Plan Must Answer

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Business plans don't have to be a lengthy ordeal. But you're more likely to get off to a good start if you think through critical questions about how you'll make money and run the show.
October 5, 2011 in Your Business Plan
How to Estimate Startup Costs

How to Estimate Startup Costs

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Get an idea of how much money you'll need by creating three quick lists and making a few educated guesses.
September 20, 2011 in Your Business Plan

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