Business Plans

News and Articles About Business Plans

Shark Daymond John Shares 5 Keys to Business Success
Business Optimization

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
Business Optimization

6 Tricks to Tackling Jet Lag

The debilitating effects of jet lag are easily underestimated but, happily, are also easily avoided.
Jacqueline Whitmore
6 Questions Your Business Plan Must Answer
Business Optimization

6 Questions Your Business Plan Must Answer

If your product's unique aspects aren't defensible against a competitor's copy, it's time to fold your tent and go home.
Doug and Polly White
8 Reasons Your Business Loan Was Rejected
Business Optimization

8 Reasons Your Business Loan Was Rejected

Getting a business loan is notoriously difficult but, seen from the lender's perspective, you can understand why.
John Rampton
Is Crowdfunding Right for You? Answer These 7 Questions to Find Out.
Business Optimization

Is Crowdfunding Right for You? Answer These 7 Questions to Find Out.

Less than a third of crowdfunding campaigns reach their financial goals. Will yours be one of them?
Jayson DeMers
The 1 Habit That Will Change Your Life
Business Optimization

The 1 Habit That Will Change Your Life

Plus the four steps to make your habit work for you.
Lewis Schiff
3 Reasons Former Inmates Make Great Entrepreneurs
Business Optimization

3 Reasons Former Inmates Make Great Entrepreneurs

Starting a business is a great option for ex-offenders. Here are 3 reasons why.
Brian Hamilton
Why You Need to Set Sales Goals
Business Optimization

Why You Need to Set Sales Goals

Whether you're a doctor, a retail specialist or an accountant, you need a business plan with sales goals.
Tracy Byrnes
Use This Secret Military Trick to Tell if Someone Is Lying
Business Optimization

Use This Secret Military Trick to Tell if Someone Is Lying

Forget what you've seen in the movies, former Green Beret Sergeant Major (Retired) Karl Erickson explains the tactics that work on the battlefield and in the office.
Dan Bova
Why Mark Zuckerberg Can't Shut Up About Facebook While Tim Cook Thinks Apple Needs Secrets
Business Optimization

Why Mark Zuckerberg Can't Shut Up About Facebook While Tim Cook Thinks Apple Needs Secrets

When Facebook makes big changes, they can bring harm to marginalized communities, or force people to confront traumatic memories.
Matt Weinberger
Plan How to Take Your Product to Market, Not Just to Potential Investors.
Business Optimization

Plan How to Take Your Product to Market, Not Just to Potential Investors.

Too little planning is bad but, sometimes, so is too much investment money.
Ray Zinn
Retention Tactics That Fuel Sales Growth
Business Optimization

Retention Tactics That Fuel Sales Growth

Starting with a plan to minimize customer attrition allows the rest of your marketing to grow the business.
Shaun Buck
Traction Is What Investors Are Looking for When You Present Your Plan
Business Optimization

Traction Is What Investors Are Looking for When You Present Your Plan

Investors will not be interested in your product until you can show them that a big market is getting interested.
Ash Maurya
You Can't Thrive When Your Strategy Is Merely to Survive
Business Optimization

You Can't Thrive When Your Strategy Is Merely to Survive

The natural impulse is to hunker down when the economy slows, but tough times are uniquely suited for boldly setting your brand apart.
Daniel Newman

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.