Business Plans

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Small Business Lending

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Entrepreneur Mindset

The 1 Habit That Will Change Your Life

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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.
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3 Reasons Former Inmates Make Great Entrepreneurs
prison

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Starting a business is a great option for ex-offenders. Here are 3 reasons why.
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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.
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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
7 Steps to a Perfectly Written Business Plan
Business Plans

7 Steps to a Perfectly Written Business Plan

Your business plan is how investors and potential partners see that you know everything you can about your industry.
John Rampton
4 Considerations for Entrepreneurs in the Minimum Wage Debate
Minimum Wage

4 Considerations for Entrepreneurs in the Minimum Wage Debate

If you're a small-business owner who hopes the fuss will die down after November -- it won't.
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Why Mark Zuckerberg Can't Shut Up About Facebook While Tim Cook Thinks Apple Needs Secrets
Facebook

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

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.
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Retention Tactics That Fuel Sales Growth
Growth Strategies

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 Model

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

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Ash Maurya
3 Ridiculously Easy Steps You Can Take To Re-Energize Your Business
Growth Strategies

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The most effective business approach may be to personally reach out to people, talk to them and offer solutions that have value.
Matt Fore

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.