Business Plans

News and Articles About Business Plans

How to Create a Business Plan Investors Will Love
Business Plans

How to Create a Business Plan Investors Will Love

Here are some strategies you can use to create a strong business plan that will translate into funding.
The Staff of Entrepreneur Media, Inc.
Presented by
The Entrepreneur's Simple Guide to Business Concepts
Business Plans

The Entrepreneur's Simple Guide to Business Concepts

Here are quick phrases to help clarify and solidify terms that many people get confused.
Jim Joseph
How to Find the Purpose of Your Business Plan
Business Plans

How to Find the Purpose of Your Business Plan

Deciding how you intend to use your business plan is an important part of preparing to write it.
The Staff of Entrepreneur Media, Inc.
Presented by
Anytime Is a Great Time to Launch a Business -- If You Do This
Startup Basics

Anytime Is a Great Time to Launch a Business -- If You Do This

Consider these five steps so your company triumphs once out of the gates.
Jesse Torres
5 Tips on Planning Amid Rapid Change
Business Plans

5 Tips on Planning Amid Rapid Change

As the pace of business shifts quickens, forecasting can become even more vital.
Tim Berry
Presented by
The 5 Elements of Success With an IPO and Beyond
IPO

The 5 Elements of Success With an IPO and Beyond

Taking your company public is about more than bringing in a lot of new funds. For one thing, it won't really be your company anymore.
Rob Hull
7 Ways to Shift Your Perspective About the Dreaded 'No' in Sales
Rejection

7 Ways to Shift Your Perspective About the Dreaded 'No' in Sales

Overcome the uncomfortable and awkward moment of a rejection from a client.
Sherrie Campbell
Business Plans

Start With a Simple Business Plan and Grow It as Needed

Begin with a lean document that can guide your company's efforts internally. Add to it later on if investors or bankers need more details.
Tim Berry
4 Things Entrepreneurs Should Think About That May Not Be in the Business Plan
Startup Basics

4 Things Entrepreneurs Should Think About That May Not Be in the Business Plan

Two young women recount the lessons they learned from starting their social media-marketing agency.
Courtney Spritzer and Stephanie Abrams
7 Key Steps Toward Starting Your Own Business
Starting a Business

7 Key Steps Toward Starting Your Own Business

It's easy to become overwhelmed in the early stages of launching a company. Try these steps to guide you along the way.
Sujan Patel
These Schools Offer the Most Cash for Business Plan Competitions
Top Colleges

These Schools Offer the Most Cash for Business Plan Competitions

Having students engage in business plan competitions is an important component of any entrepreneurship program. These U.S. graduate level programs award the most cash.
The Princeton Review Staff
5 Tips for Building Adaptivity Into Your Business Model
Business Model

5 Tips for Building Adaptivity Into Your Business Model

No startup business plan is so good that it anticipates every twist and change in the market and customer demand. To thrive, anticipate the unknown.
Jan Verleur
7 Steps to a Finance-Centered Business Plan
Business Plans

7 Steps to a Finance-Centered Business Plan

If your startup calls for financing to get off the ground, follow this list to impress potential investors and lenders.
Adam Toren
5 Easy Tweaks You Can Make to Consistently Land New Customers
Finding Customers

5 Easy Tweaks You Can Make to Consistently Land New Customers

People visit your website looking for what you offer. Making them feel welcome is step one to earning loyal new customers.
Kimanzi Constable

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.

Still, as the lean startup trend has taken root in recent years, debate has arisen over whether entrepreneurs actually need business plans. Many investors and others within the entrepreneurial community suggest that in a startup, time is of the essence. And since a business plan -- and often the business itself -- will surely change anyway and it might be of little use to put in the effort. According to some, it's better to simply go and do, and then based on an owner's progress, raise funding later, should that be necessary. 

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