Business Plans

News and Articles About Business Plans

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
6 Questions Your Business Plan Must Answer
Starting a Business

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
Small Business Lending

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.
Crowdfunding

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
Entrepreneur Mindset

The 1 Habit That Will Change Your Life

Plus the four steps to make your habit work for you.
Lewis Schiff
How To Achieve Entrepreneurial Success -- With No Friends, No Money, No Real Expertise
Growth Strategies

How To Achieve Entrepreneurial Success -- With No Friends, No Money, No Real Expertise

Entrepreneur Leonard Kim highlights five components that have earned him success over the past two years.
Scott Hansen
3 Reasons Former Inmates Make Great Entrepreneurs
prison

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
Sales Strategies

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
Psychology

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

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.