Business Plans

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

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
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

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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