Project Grow

The Ultimate Guide to Writing a Business Plan

2 min read

Writing a business plan may sound difficult and dull -- and by “may,” we mean “definitely” -- but it doesn’t have to be. Yes, we know you’re eager to dive right in on that world-changing business idea, but having your strategy on paper is critical.

In many ways, your business plan can act as a map in an entrepreneurial landscape full of potholes, dead-ends and uphill paths. With a business plan, potential investors can clearly see what they’ll be getting into, and you’ll be better prepared to explain exactly why they should be a part of your vision.

Organizing your thoughts into written paragraphs can force you to think about your goals more deeply than you otherwise would. It also makes your strategy more real; now, rather than just saying you want to raise money, you have to think about how that’s going to happen, how much you need and how you’ll use it. Writing a business plan also forces you to articulate who your target customers are and what they need, as well as how you’ll attract those customers. And this is just a small fraction of the questions you’ll have to think about.  

It’s a thorough process that can take some time, but we’re here to help. The links below will take you to articles filled with tips and tricks to make each section of your business plan the best it can be.

Read on and learn how to turn difficult and dull into intriguing and inviting.

Step 1: The Executive Summary

Step 2: The Management Section

Step 3: The Product Section

Step 4: The Industry Section

Step 5: The Marketing Section

Step 6: The Operations Section

Step 7: The Financials Section

 
 

More from Entrepreneur

Kathleen, Founder and CEO of Grayce & Co, a media and marketing consultancy, can help you develop a brand strategy, build marketing campaigns and learn how to balance work and life.
Book Your Session

For a limited time only, get this bundle of Entrepreneur PressĀ® titles for less than $30 (60% OFF) on our bookstore when you use "LEAP" at checkout.
Buy Now

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.