Business Plans

News and Articles About Business Plans

5 Areas to Automate to Drastically Increase Your Business Productivity
Run Smarter

5 Areas to Automate to Drastically Increase Your Business Productivity

Automating certain areas in your business can provide time to strategize and develop new business.
Richard Agu
Here's a 6-Figure Service Business You Can Start for Under $100
Business Ideas

Here's a 6-Figure Service Business You Can Start for Under $100

Stocking shelves in the grocery store looks like a starter job but it is actually a lucrative business.
Kimanzi Constable
3 Crucial Questions to 'Fail Proof' Your New Business Idea
Business Plans

3 Crucial Questions to 'Fail Proof' Your New Business Idea

Risk is inherent but minimizing it is pretty much common sense, when you stop to think about it.
Daniel DiPiazza
7 Things You Must Do Before Quitting Your Job or You're Screwed
Quitting a Job

7 Things You Must Do Before Quitting Your Job or You're Screwed

Leaving your job to become your own boss without going broke requires setting the groundwork just right. Few people do.
John Rampton
10 Ways to Stop Procrastination From Standing in the Way of Your Goals
Goals

10 Ways to Stop Procrastination From Standing in the Way of Your Goals

Use these tips to break through old habits
Nina Zipkin
How Southwest Airlines Created a Mass Market for Air Travel
Growth Strategies

How Southwest Airlines Created a Mass Market for Air Travel

Herb Kelleher created the first budget airline, which found great success by simplifying everything from the destinations to the (lack of) snacks served on board.
Richard Koch
How to Write a One-Page Business Plan
Business Plans

How to Write a One-Page Business Plan

It's not as hard as you think.
Patrick Bet-David
6 Types of Businesses You Can Start With Almost No Cash
Business Ideas

6 Types of Businesses You Can Start With Almost No Cash

Have a craft creation to sell? Good at home repair? Resale transactions? Voila! You can become an entrepreneur-on-the-cheap.
Jayson DeMers
How to Turn Your Hobby into a Profitable Business Venture
Hobbies

How to Turn Your Hobby into a Profitable Business Venture

Work on your hobby, learn about sales and marketing and dedicate yourself to steady improvement.
Larry Alton
5 People You Need to Meet If You Want to Start a Business
Networking

5 People You Need to Meet If You Want to Start a Business

Mentors. Community mavens. Peers. All have something to offer you and your business, if you know how to ask.
Jayson DeMers
Why You Should Create a Monthly Business Plan
Business Plans

Why You Should Create a Monthly Business Plan

You wouldn't ever get on a plane with a pilot who doesn't have a flight plan, so how can you go to work without a business plan?
Tracy Byrnes
10 Ways to Build Trust and Credibility With Your Customers
Customer Relationship

10 Ways to Build Trust and Credibility With Your Customers

Keeping the trust of your existing customers is what will attract new customers.
Felix Tarcomnicu
Shark Daymond John Shares 5 Keys to Business Success
Daymond John

Shark Daymond John Shares 5 Keys to Business Success

You can never guarantee the success of a new business but there are essentials that, done right, make success likely.
Deep Patel
6 Tricks to Tackling Jet Lag
Travel

6 Tricks to Tackling Jet Lag

The debilitating effects of jet lag are easily underestimated but, happily, are also easily avoided.
Jacqueline Whitmore

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.