Business Plans

News and Articles About Business Plans

The Lie Entrepreneurs Tell Themselves and Others
Starting a Business

The Lie Entrepreneurs Tell Themselves and Others

Entrepreneurs often seem like they are so put together – their plan is on target, they are doing amazing and life couldn't be better. But many times that couldn't be further from the truth. And that is okay.
Tom Kulzer
How Do I Build a Business Plan? (Infographic)
Business Plans

How Do I Build a Business Plan? (Infographic)

Take a look at this infographic for tips on how to write a great business plan.
Nina Zipkin
Is Your Business Plan Missing This Vital Ingredient?
Business Plans

Is Your Business Plan Missing This Vital Ingredient?

Here are five steps to take to maximize your chances of startup success.
Stacey Alcorn
Don't Be a 'Pividiot.' Follow These Tips.
Growth Strategies

Don't Be a 'Pividiot.' Follow These Tips.

Constantly changing directions can harm your business. So how do you know when it's a good time to pivot?
Matthew Toren
Lessons From the Boston Red Sox That Can Help Your Business in the New Year
Growth Strategies

Lessons From the Boston Red Sox That Can Help Your Business in the New Year

As 2014 approaches, consider these three important lessons gleaned from the World Series baseball champions.
Trevor Turnbull
When Planning for the Future, Keep Your Past in Perspective
Growth Strategies

When Planning for the Future, Keep Your Past in Perspective

In order to grow and improve your startup, it helps to take a close look at hidden and existing assets.
Debra Kaye
8 Ingredients Every App and Software Business Plan Needs
Starting a Business

8 Ingredients Every App and Software Business Plan Needs

These factors are important to consider and forecast before you launch your business.
Tim Berry
A Business Plan for the Startup Economy
Finance

A Business Plan for the Startup Economy

Access to capital is key in helping high-growth startups get off the ground and running. Here are two ways to help get them there.
Karen Mills
10 Reasons Not to Write a Business Plan
Business Plans

10 Reasons Not to Write a Business Plan

Writing a business plan isn't for everyone. Here are ten strategies you might be better off trying first.
Martin Zwilling
How to Build a Business Plan For Your Personal Brand
Business Plans

How to Build a Business Plan For Your Personal Brand

Your company branding deserves a business plan, so why not your personal branding? Here's how to get started.
Jim Joseph
How to Grow Your Startup Into a Powerhouse in Less Than 3 Years
Starting a Business

How to Grow Your Startup Into a Powerhouse in Less Than 3 Years

Big brands are constantly planning for the future and strategizing their next move. Here's how you can use a similar approach to grow your startup.
Jim Joseph
Starting a Business

10 Business Plan Benefits You Might Be Forgetting

If you think creating a business plan is not for you, think again. Here are ten ways your business plan can help you be a better entrepreneur.
Tim Berry
4 Ways to Fit Your Mobile App Into Your Business Strategy
Technology

4 Ways to Fit Your Mobile App Into Your Business Strategy

Ask the right questions and make the right choices and your mobile app could be an integral part of your growth strategy.
Rahul Varshneya

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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