Business Plans

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
Stop Worrying About Everyone Stealing Your Idea
Business Ideas

Stop Worrying About Everyone Stealing Your Idea

Just like shark attacks are extremely rare, so is getting your ideas stolen.
Jessica Alter
10 Tips for Creating a Winning Business Plan in PowerPoint
Business Plans

10 Tips for Creating a Winning Business Plan in PowerPoint

If you're presenting your business plan in PowerPoint format, read this first.
The Staff of Entrepreneur Media, Inc.
Skip the Boring Business Plan. Focus on This Strategy Instead.
Business Plans

Skip the Boring Business Plan. Focus on This Strategy Instead.

Here's a simpler, less time intensive approach that offers more flexibility than the traditional business plan.
Cache Merrill
10 Questions to Answer When Writing Your Mission Statement
Starting a Business

10 Questions to Answer When Writing Your Mission Statement

Read this to see what your mission statement should address and how to put it all together.
The Staff of Entrepreneur Media, Inc.
6 Strategies for Presenting Your Business Plan
Business Plans

6 Strategies for Presenting Your Business Plan

When you're ready to approach people with your finished business plan, these six strategies will help you achieve the results you want.
The Staff of Entrepreneur Media, Inc.
Pro Tips for Writing About Your Cash Flow in Your Business Plan
Business Plans

Pro Tips for Writing About Your Cash Flow in Your Business Plan

Get the lowdown on how to prepare the cash flow section of your business plan
The Staff of Entrepreneur Media, Inc.
3 Ways Launching a Startup Is as Tough as Playing for the NFL
Starting a Business

3 Ways Launching a Startup Is as Tough as Playing for the NFL

You don't endure the same physical beating in business as in pro football but the demands to perform and the long odds of success are similar.
Hunter Hillenmeyer
Expert Advice: 5 Questions That Create a Strong Management Section for Your Business Plan
Business Plans

Expert Advice: 5 Questions That Create a Strong Management Section for Your Business Plan

A business plan pro reveals his best tips for developing a management section that shows readers exactly why your business will succeed.
The Staff of Entrepreneur Media, Inc.
Show Your Competitive Edge Without Knocking Your Rivals
Business Plans

Show Your Competitive Edge Without Knocking Your Rivals

Do more than down your rivals. This video shows you how to stand apart using your merits.
The Staff of Entrepreneur Media, Inc.
To Investors, Startups Without Business Plans Are Expensive Hobbies
Business Plans

To Investors, Startups Without Business Plans Are Expensive Hobbies

One of the quickest ways to kill your credibility and your startup is to offer a poorly written business plan, or none at all.
Martin Zwilling
The 8 Target Audiences for Your Business Plan
Business Plans

The 8 Target Audiences for Your Business Plan

It's not just investors or bankers who'll want to see your business plan. Find out exactly who may be looking it over.
The Staff of Entrepreneur Media, Inc.

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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