Business Plans

Put Building Strategic Relationships at the Heart of Your Business Plan for 2015
Business Optimization

Put Building Strategic Relationships at the Heart of Your Business Plan for 2015

The best way to make friends with the people who can help you is to think about how you can help them.
Eddy Ricci
What to Include in Your Business Plan
Business Optimization

What to Include in Your Business Plan

Here's what your business plan should contain, how long it should be and what it should look like.
The Staff of Entrepreneur Media, Inc.
The 4 Types of Business Plans
Business Optimization

The 4 Types of Business Plans

Learn which of these four business plan formats best fits your needs.
The Staff of Entrepreneur Media, Inc.
5 Reasons to Write a Business Plan
Business Optimization

5 Reasons to Write a Business Plan

There are any number of reasons why you need to create a business plan, including starting a business, seeking funding and more.
The Staff of Entrepreneur Media, Inc.
The One-Week Road Test to See If You're Entrepreneurial Material
Business Optimization

The One-Week Road Test to See If You're Entrepreneurial Material

You're brimming with excitement and dying to take a spin in your newly imagined role as a business owner launching a business. Here's the five-pronged course you must pass.
Robert Tuchman
Business Optimization

Success Will Never Come to Entrepreneurs Who Do These 10 Things

There will always be winners and losers. Make sure you don't end up the latter.
Jonathan Long
The Navy SEAL's 10-Step Approach for Creating the Ultimate Business Plan
Business Optimization

The Navy SEAL's 10-Step Approach for Creating the Ultimate Business Plan

Similar to mission planning in special operations, there are myriad unknown factors that entrepreneurs must consider before they unleash a new product or service.
Jeff Boss
What Part Does Passion Play in Your Success as an Entrepreneur?
Business Optimization

What Part Does Passion Play in Your Success as an Entrepreneur?

When your business runs on your energy, you have to fire it up at the source.
Dixie Gillaspie
Make Plans, But Remember That Success Comes to Those Who Execute
Business Optimization

Make Plans, But Remember That Success Comes to Those Who Execute

Seeking a European headquarters, the founder of a micro brewery is ultimately relying on his instincts. That's what most successful entrepreneurs do.
Gene Marks
5 Pieces of Bad Advice You Should Ignore If You Want Your App to Succeed
Business Optimization

5 Pieces of Bad Advice You Should Ignore If You Want Your App to Succeed

Should you build a business plan or seek patent protection for your app?
Rahul Varshneya
Family Business: The Pros and Cons of Getting Funding From Loved Ones
Business Optimization

Family Business: The Pros and Cons of Getting Funding From Loved Ones

If you're thinking about getting friends and family to loan you money to fund your business, read this first.
The Staff of Entrepreneur Media, Inc.
The Entrepreneur's Simple Guide to Business Concepts
Business Optimization

The Entrepreneur's Simple Guide to Business Concepts

Here are quick phrases to help clarify and solidify terms that many people get confused.
Jim Joseph
How to Find the Purpose of Your Business Plan
Business Optimization

How to Find the Purpose of Your Business Plan

Deciding how you intend to use your business plan is an important part of preparing to write it.
The Staff of Entrepreneur Media, Inc.
5 Tips on Planning Amid Rapid Change
Business Optimization

5 Tips on Planning Amid Rapid Change

As the pace of business shifts quickens, forecasting can become even more vital.
Tim Berry

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.