Business Plans

News and Articles About Business Plans

To Become a Better Businessperson, First Become a Better Person
Business Optimization

To Become a Better Businessperson, First Become a Better Person

To give your best to your business, you have to be in a good place personally first.
Tyler Leslie
How I Got To Pitch Mark Cuban My Business Idea Without Ever Going on 'Shark Tank'
Business Optimization

How I Got To Pitch Mark Cuban My Business Idea Without Ever Going on 'Shark Tank'

If you're in college, think about the many college business-plan competitions out there. Not in college? There are competitions for you, too.
Alicia Glenn
6 Things Your Investors Are Thinking While Listening to Your Pitch
Business Optimization

6 Things Your Investors Are Thinking While Listening to Your Pitch

Prepare for your pitch with the mind of an investor. Being prepared for all their questions and concerns will help seal the deal.
Rehan Ijaz
7 Flaws in Your Business Plan You Need to Fix
Business Optimization

7 Flaws in Your Business Plan You Need to Fix

Individually, these seven flaws won't destroy your business, but cumulatively . . . watch out.
Jayson DeMers
5 Business Lessons I Learned From Surfing
Business Optimization

5 Business Lessons I Learned From Surfing

Like surfers wait for the right wave, business leaders wait for the right opportunities.
Phil La Duke
7 Steps-to-Success for Clothing Industry Start-ups
Business Optimization

7 Steps-to-Success for Clothing Industry Start-ups

Clothing line entrepreneurs should work toward a complete business plan as the business further develops.
Toby Nwazor
Does Your Business Idea Solve a Problem? Does It Fit You Personally? Ask Yourself These Questions Before Committing.
Business Optimization

Does Your Business Idea Solve a Problem? Does It Fit You Personally? Ask Yourself These Questions Before Committing.

Remember that roughly nine out of 10 businesses fail. What puts you into that remaining 10 percent?
Andre Bourque
Your New Business Name Should Be Memorable, Spell-able and Available
Business Optimization

Your New Business Name Should Be Memorable, Spell-able and Available

Follow these five tips to settle on what is one of the most important aspect of a new company -- its name.
Nellie Akalp
7 Ways to Keep Your Focus on Execution After the Idea
Business Optimization

7 Ways to Keep Your Focus on Execution After the Idea

Are you sure your startup is moving beyond the idea stage to assure long-term business success?
Martin Zwilling
5 Tips for Continuous Strategic Planning
Business Optimization

5 Tips for Continuous Strategic Planning

Over time, your business plan will change. Here are a few tips to smartly and efficiently update your strategic plan and build team buy-in.
David Chait
6 Things You Don't Realize Are Hurting Your Business
Business Optimization

6 Things You Don't Realize Are Hurting Your Business

As an entrepreneur, be wary of these six unseen errors that can hurt -- or even ruin -- your company.
Anna Johansson
Sustainable Capitalism Is the Next Big Thing in Investing
Business Optimization

Sustainable Capitalism Is the Next Big Thing in Investing

Urgent global social needs and unprecedented advancements in technology have made sustainable capitalism a necessary development.
Tx Zhuo
Why Believing Your Own Projections Is Risky Business
Business Optimization

Why Believing Your Own Projections Is Risky Business

A growing number of tech giants have missed targets and have re-evaluated projections. As a result, they've been forced to slow hiring or initiate massive layoffs.
David Mandell
Don't Overlook the Boring Details That Torpedo Flashy Startups
Business Optimization

Don't Overlook the Boring Details That Torpedo Flashy Startups

Don't let the glamour and allure of startup culture blind you to the practical prerequisite of a rock-solid business plan.
Daniel Wesley

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.