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

Sit Down Now and Write That Business Plan (Opinion)

Sit Down Now and Write That Business Plan (Opinion)

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

10 Business Plan Words Every Manager Needs to Know By Heart

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

The Top 10 Business Plan Mistakes

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

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

We need new vocabulary for business planning. Just don't call it a 'business plan.'
Planning for Next Year? Get a Fix on These Numbers First

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

Figure out the metrics that drive your business and you'll zoom ahead of the competition.
How Winning Contests Helped a Startup Beyond the Launch

How Winning Contests Helped a Startup Beyond the Launch

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

Three Financial Guesstimates Every Business Plan Needs

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

NBA Great Charles Barkley to Give Tech Startup $25K

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

Three Questions to Answer Before You Write a Business Plan

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.
The Myth of the Business Plan

The Myth of the Business Plan

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.
Five Questions Your Business Plan Must Answer

Five Questions Your Business Plan Must Answer

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.
How to Estimate Startup Costs

How to Estimate Startup Costs

Get an idea of how much money you'll need by creating three quick lists and making a few educated guesses.
A Business Plan Tool That Helps Size Up Your Odds of Success

A Business Plan Tool That Helps Size Up Your Odds of Success

Enloop pushes the emotional clouds out of the startup process to give entrepreneurs a clear view of their business plan.
Five Critical Questions Your Business Plan Should Answer

Five Critical Questions Your Business Plan Should Answer

Answering these questions periodically can help keep long-term goals in mind while you adjust your immediate steps and actions.
Five Rules for Bootstrapping Success

Five Rules for Bootstrapping Success

Follow these tips to get your dream business off the ground without seeking outside investors.
What Investors Really Think About Your Business Plan

What Investors Really Think About Your Business Plan

At our Entrepreneur Magazine Roundtable, financial pros offer tough talk about the business plans of first-time entrepreneurs.
Charles Barkley Wants to Give Your Startup $25,000

Charles Barkley Wants to Give Your Startup $25,000

The NBA Hall of Famer starts a contest to give an aspiring entrepreneur a financial lift.
A Better Business Plan Can Lead to New Customers

A Better Business Plan Can Lead to New Customers

These four steps can help get you on your way to enhancing and expanding your client base.
How Business Planning Leads to Better Management

How Business Planning Leads to Better Management

Here are three steps to help get you planning better, and putting those plans in motion.
A Competition for Your Startup

A Competition for Your Startup

The Start-Up, Boot-Up business plan competition promises $75,000 to one outstanding start-up.
Better Management: A Business Planning Test

Better Management: A Business Planning Test

Having a simple plan for internal management can be key to business success. Do you have one?
Let Your 'Story' Frame Your Business Plan

Let Your 'Story' Frame Your Business Plan

Don't think of it as a formal document but as a collection of your stories, combined with concrete goals.
Two Weeks to Startup: Day 4. Write Your Business Plan

Two Weeks to Startup: Day 4. Write Your Business Plan

In today's installment of our series to help you launch a new venture, you'll put your concept on paper.

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