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Business Plans

Business Plans

How to Create Your First Successful Business Plan

Entrepreneurial expert Chris Haroun uses his patented process to help make your new business plan a reality.

How to Come Up With Startup Business Ideas in the Digital Era

Your idea doesn't have to be completely original, just better than what's available already.

3 Hints for Launching a More Successful Startup

If you want to grow your startup from mere idea to entrepreneurial success, it helps to take a hint (or three).

How to Get Banks to Say Yes to Your Small Business Loan

A thorough business plan is a crucial part of any application.

This Software Simplifies Building and Sticking to a Business Plan

Bizplan Premium is a step-by-step business builder that takes your ideas from concept to completion.

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Developing a Business Model That Works

Use these six tips to create the financial section of a business plan that will get your company off the ground.

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.