Business Plans

News and Articles About Business Plans

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.
Make Plans, But Remember That Success Comes to Those Who Execute
Business Planning

Make Plans, But Remember That Success Comes to Those Who Execute

Seeking a European headquarters, the founder of a micro brewery is ultimately relying on his instincts. That's what most successful entrepreneurs do.
Gene Marks
5 Pieces of Bad Advice You Should Ignore If You Want Your App to Succeed
Apps

5 Pieces of Bad Advice You Should Ignore If You Want Your App to Succeed

Should you build a business plan or seek patent protection for your app?
Rahul Varshneya
Family Business: The Pros and Cons of Getting Funding From Loved Ones
Business Plans

Family Business: The Pros and Cons of Getting Funding From Loved Ones

If you're thinking about getting friends and family to loan you money to fund your business, read this first.
The Staff of Entrepreneur Media, Inc.
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.
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

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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