Writing a Business Plan

News and Articles About Writing a Business Plan

5 Reasons Your Business Plan Sucks and How You Can Change It
Business Plans

5 Reasons Your Business Plan Sucks and How You Can Change It

Most plans fail to achieve their objective and end up misrepresenting the business.
Tallat Mahmood
5 Ways to Hack a Business Plan
Business Plans

5 Ways to Hack a Business Plan

Bullet points are your best friends, and other tips for not getting caught in the weeds of business-plan details.
Christopher Hawker
The Essential Guide to Writing a Business Plan
Business Plans

The Essential Guide to Writing a Business Plan

Here's the no-nonsense guide on how to write a business plan that will help you map success for your startup.
Carolyn Sun
5 Common Business Plan Mistakes That Torpedo Startups
How To Write a Business Plan

5 Common Business Plan Mistakes That Torpedo Startups

Your business plan isn't a romance novel, so don't depend on just your passion to get investors interested in reading it.
Larry Alton
Look Ahead to These 4 Business Plan Milestones
Business Plans

Look Ahead to These 4 Business Plan Milestones

Know what you're working toward.
Nina Zipkin
6 Reasons to Update Your Business Plan
Business Plans

6 Reasons to Update Your Business Plan

Revise your business plan so it grows with your company and your goals.
Nina Zipkin
8 Reasons to Update Your Business Plan Right Now
Business Plans

8 Reasons to Update Your Business Plan Right Now

Writing your business plan isn't a one-time event. Here's why it's critical to update it from time to time.
The Staff of Entrepreneur Media, Inc.
How to Use Your Business Plan as a Benchmark for Performance
Business Plans

How to Use Your Business Plan as a Benchmark for Performance

Don't just file your business plan away in a drawer once you've launched. Instead, use it to keep tabs on how you're doing.
The Staff of Entrepreneur Media, Inc.
10 Tips for Creating a Winning Business Plan in PowerPoint
Business Plans

10 Tips for Creating a Winning Business Plan in PowerPoint

If you're presenting your business plan in PowerPoint format, read this first.
The Staff of Entrepreneur Media, Inc.
Skip the Boring Business Plan. Focus on This Strategy Instead.
Business Plans

Skip the Boring Business Plan. Focus on This Strategy Instead.

Here's a simpler, less time intensive approach that offers more flexibility than the traditional business plan.
Cache Merrill
10 Questions to Answer When Writing Your Mission Statement
Starting a Business

10 Questions to Answer When Writing Your Mission Statement

Read this to see what your mission statement should address and how to put it all together.
The Staff of Entrepreneur Media, Inc.
6 Strategies for Presenting Your Business Plan
Business Plans

6 Strategies for Presenting Your Business Plan

When you're ready to approach people with your finished business plan, these six strategies will help you achieve the results you want.
The Staff of Entrepreneur Media, Inc.
Pro Tips for Writing About Your Cash Flow in Your Business Plan
Business Plans

Pro Tips for Writing About Your Cash Flow in Your Business Plan

Get the lowdown on how to prepare the cash flow section of your business plan
The Staff of Entrepreneur Media, Inc.
Show Your Competitive Edge Without Knocking Your Rivals
Business Plans

Show Your Competitive Edge Without Knocking Your Rivals

Do more than down your rivals. This video shows you how to stand apart using your merits.
The Staff of Entrepreneur Media, Inc.
Writing a Business Plan

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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