How To Write a Business Plan

News and Articles About How To Write a Business Plan

7 Flaws in Your Business Plan You Need to Fix
Business Plans

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
7 Steps-to-Success for Clothing Industry Start-ups
Starting a Business

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

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 Plans

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
5 Ways to Hack a Business Plan
Business Plans

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
The Essential Guide to Writing a Business Plan
Business Plans

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
5 Common Business Plan Mistakes That Torpedo Startups
How To Write a Business Plan

5 Common Business Plan Mistakes That Torpedo Startups

Your business plan isn't a romance novel, so don't depend on just your passion to get investors interested in reading it.
Larry Alton
Use These 3 Analysis Tools to Prepare a Killer Business Plan
Business Plans

Use These 3 Analysis Tools to Prepare a Killer Business Plan

Writing a business plan doesn't have to be agonizing -- there can be some fun in doing it.
Jeff Boss
Look Ahead to These 4 Business Plan Milestones
Business Plans

Look Ahead to These 4 Business Plan Milestones

Know what you're working toward.
Nina Zipkin
Don't Make These 6 Business Plan Mistakes
Business Plans

Don't Make These 6 Business Plan Mistakes

Far more businesses fail than succeed. It all starts with the right plan.
Nina Zipkin
6 Reasons to Update Your Business Plan
Business Plans

6 Reasons to Update Your Business Plan

Revise your business plan so it grows with your company and your goals.
Nina Zipkin
6 Critical Questions Your Business Plan Must Answer
Starting a Business

6 Critical Questions Your Business Plan Must Answer

If you want to lay the groundwork for a stable business and attract investors, make sure you're hitting these points.
Larry Alton
8 Reasons to Update Your Business Plan Right Now
Business Plans

8 Reasons to Update Your Business Plan Right Now

Writing your business plan isn't a one-time event. Here's why it's critical to update it from time to time.
The Staff of Entrepreneur Media, Inc.
4 Reasons Why Nobody Can Write Your Business Plan Better Than You
Business Plans

4 Reasons Why Nobody Can Write Your Business Plan Better Than You

Consultants and editors can polish your plan but only you can infuse it with the passion that drives your dream.
John Boitnott

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.

 
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