Business Plans

5 Steps to Create a 1-Page Strategic Plan for Your Business
Business Optimization

5 Steps to Create a 1-Page Strategic Plan for Your Business

What, exactly, is your big hairy audacious goal? Yes, it's called a BHAG, and it's a real thing.
Zach Cutler
If You're Not Serious About a Business Plan, You're Not Serious About Business
Business Optimization

If You're Not Serious About a Business Plan, You're Not Serious About Business

Creating a top-notch business plan will provide the highest chance of success while increasing your credibility with investors and your team.
Tallat Mahmood
6 Prerequisites for Turning Your Passion Into Profits
Business Optimization

6 Prerequisites for Turning Your Passion Into Profits

Passion is necessary but not sufficient fuel to turn a bright idea into a successful business.
Martin Zwilling
The Top 3 Economic Challenges Facing Entrepreneurs in 2016
Business Optimization

The Top 3 Economic Challenges Facing Entrepreneurs in 2016

The upcoming year will favor those who best prepared for changes in the economy, technology and globabilization.
Per Bylund
Don't Go the Way of the Hydrogen-Fueled Engine. Make Sure Your Product Fits Into Today's World.
Business Optimization

Don't Go the Way of the Hydrogen-Fueled Engine. Make Sure Your Product Fits Into Today's World.

Study these six keys to properly balance technological innovation and business opportunity.
Martin Zwilling
4 Strategies for Scaling Up From a Business Guru
Business Optimization

4 Strategies for Scaling Up From a Business Guru

Author Verne Harnish did wonders for me as I planned to expand my already-growing business. Here's how.
Zach Cutler
4 Reasons Why a Traditional 40-Page Business Plan Is an Insane Waste of Time
Business Optimization

4 Reasons Why a Traditional 40-Page Business Plan Is an Insane Waste of Time

No one will even read your epic novel of a plan in this age of short bursts of information. Create a 10-page pitch deck instead.
Adam Callinan
5 Reasons Your Business Plan Sucks and How You Can Change It
Business Optimization

5 Reasons Your Business Plan Sucks and How You Can Change It

Most plans fail to achieve their objective and end up misrepresenting the business.
Tallat Mahmood
3 Reasons to Thank Your Critics
Business Optimization

3 Reasons to Thank Your Critics

What doesn't kill you makes you stronger. Here's why.
Ken Dunn
Don't Wait to Turn a Hobby Into a 'Jobbie'
Business Optimization

Don't Wait to Turn a Hobby Into a 'Jobbie'

You can turn a passion into a business, but you need a focused plan.
Carol Roth
5 Ways to Hack a Business Plan
Business Optimization

5 Ways to Hack a Business Plan

Bullet points are your best friends, and other tips for not getting caught in the weeds of business-plan details.
Christopher Hawker
5 Schools That Offer Serious Cash for Business Plan Competitions
Business Optimization

5 Schools That Offer Serious Cash for Business Plan Competitions

These only thing bigger than the prize money at these schools is their entrepreneurial spirit.
The Princeton Review Staff
The Essential Guide to Writing a Business Plan
Business Optimization

The Essential Guide to Writing a Business Plan

Here's the no-nonsense guide on how to write a business plan that will help you map success for your startup.
Carolyn Sun
Want Success? All You Have to Do Is Dream -- and Organize, Validate and Execute.
Business Optimization

Want Success? All You Have to Do Is Dream -- and Organize, Validate and Execute.

Use the D.O.V.E technique, and watch your great idea transform into a viable business for the long term.
Ken Dunn

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.