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.

Read More

News and Articles About Business Plans

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.
Startup Basics: How to Master the Fundamentals

Startup Basics: How to Master the Fundamentals

Stick to these four proven principles to keep your business growing -- and successful.
The Business Model for Disruption

The Business Model for Disruption

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.
Good Nite Lite's Adam Nelson on Growing Without a Business Plan

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

Entrepreneur Magazine's Emerging Entrepreneur of 2011 shares growth strategies that helped his startup succeed.
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.

Connect with Entrepreneur

Most Shared Stories

From the Entrepreneur Bookstore