Business Plans

What to Include in Your Business Plan
Business Plans

What to Include in Your Business Plan

Here's what your business plan should contain, how long it should be and what it should look like.
The Staff of Entrepreneur Media, Inc.
The 4 Types of Business Plans
Business Plans

The 4 Types of Business Plans

Learn which of these four business plan formats best fits your needs.
The Staff of Entrepreneur Media, Inc.
Do You Need to Write a Formal Business Plan?
Starting a Business

Do You Need to Write a Formal Business Plan?

There is one big factor that determines whether you should put the time and effort into crafting a plan.
Doug and Polly White
5 Reasons to Write a Business Plan
Business Plans

5 Reasons to Write a Business Plan

There are any number of reasons why you need to create a business plan, including starting a business, seeking funding and more.
The Staff of Entrepreneur Media, Inc.
The One-Week Road Test to See If You're Entrepreneurial Material
Leadership Qualities

The One-Week Road Test to See If You're Entrepreneurial Material

You're brimming with excitement and dying to take a spin in your newly imagined role as a business owner launching a business. Here's the five-pronged course you must pass.
Robert Tuchman
The 5 Things You Need to Land Venture Capital
Business Plans

The 5 Things You Need to Land Venture Capital

Find out what VCs look for before investing in a new company.
The Staff of Entrepreneur Media, Inc.
Everything You Need to Know About Attracting Venture Capitalists
Business Plans

Everything You Need to Know About Attracting Venture Capitalists

A primer on the types of financing venture capitalists provide and what they look for in a company.
The Staff of Entrepreneur Media, Inc.
Success Strategies

Success Will Never Come to Entrepreneurs Who Do These 10 Things

There will always be winners and losers. Make sure you don't end up the latter.
Jonathan Long
The Navy SEAL's 10-Step Approach for Creating the Ultimate Business Plan
Starting a Business

The Navy SEAL's 10-Step Approach for Creating the Ultimate Business Plan

Similar to mission planning in special operations, there are myriad unknown factors that entrepreneurs must consider before they unleash a new product or service.
Jeff Boss
How to Find an Angel Investor
Business Plans

How to Find an Angel Investor

Angel investors used to be hard to find, but that's no longer true.
The Staff of Entrepreneur Media, Inc.
First Time Crowdfunding? Here's What You Need to Know.
Business Plans

First Time Crowdfunding? Here's What You Need to Know.

A quick primer on the pros and cons of crowdfunding your new venture.
The Staff of Entrepreneur Media, Inc.
What Part Does Passion Play in Your Success as an Entrepreneur?
Business Management

What Part Does Passion Play in Your Success as an Entrepreneur?

When your business runs on your energy, you have to fire it up at the source.
Dixie Gillaspie
4 Reasons Your Business Plan Might Need to Be Trashed
Business Plans

4 Reasons Your Business Plan Might Need to Be Trashed

While preparation is always good, no amount of charts can protect you from the realities of a 21st-century business world in permanent beta.
David Slayden
How to Write a Business Plan Banks Can't Resist
Business Plans

How to Write a Business Plan Banks Can't Resist

Here's what your business plan needs if you want startup capital from a bank.
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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