How To Write a Business Plan
This Top-Rated Software Simplifies Writing Business Plans
More From This Topic
7 Flaws in Your Business Plan You Need to Fix
7 Steps-to-Success for Clothing Industry Start-ups
4 Reasons Why a Traditional 40-Page Business Plan Is an Insane Waste of Time
5 Reasons Your Business Plan Sucks and How You Can Change It
5 Ways to Hack a Business Plan
The Essential Guide to Writing a Business Plan
5 Common Business Plan Mistakes That Torpedo Startups
Use These 3 Analysis Tools to Prepare a Killer Business Plan
Don't Make These 6 Business Plan Mistakes
For any entrepreneur planning to start a business, knowing the steps that go into how to write a business plan is a helpful way to clarify what service or products the company provides, 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.
