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how to write a business plan

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A Step-By-Step Guide to Writing a Killer Business Plan

A business plan is as important to a new business as a map is to a ship, or blueprints are to an architect. A written business plan will guide your actions and keep you focused on your short- and long-term goals. Your business plan puts your aspirations into words (and charts), demonstrating to partners, investors...
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Tips and Tools for Writing a Stronger Business Plan

A common issue that many entrepreneurs find themselves facing is that they may have a successful business, but they’re not attracting any outside help to bring them to the next level. In this case, they’re not being clear about what their business offers, why it’s important and why it stands out from the competition. This issue...
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Where to Start When Creating a Fundable Business Plan

If you need finance for your startup, you’ll need to create a business plan that convinces lenders that you’re a good risk. Writing a business plan also helps to confirm your goals and ideas, and clarifies where you want to take the business. They are important documents, but business plans aren’t intended to be static....
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How to Write a Business Plan: Tips from the Experts

For even the most organized and motivated entrepreneur, writing a business plan can be a daunting task. After all, your business plan is your first opportunity to make critical evaluations of your idea, and to view it from the perspective of different stakeholders. Below, we will discuss some of the universal best practices that apply to...
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The One Essential Element Most Business Plans Miss

Every entrepreneur or business owner knows they need a business plan to raise money. What most don’t know, however, is the kind of plan that attracts funding. Such business plans have one element that others don’t: they focus on marketing. Those business plans that are written as marketing documents are often the business plans that...
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Why Your Business Plan Doesn’t Have to Be More Than a Page

If you didn’t go to business school, the idea of drafting a business plan might make your head spin. You envision a 20-pound document with terminology you can’t understand that essentially lives at the bottom of a drawer gathering dust. That’s not useful, is it? The fact is: a business plan is what you make...
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7 Common Myths About Business Plans

Business plans have been around for a long time, helping companies set strategic goals and find qualified investors. While the format and purpose of business plans have undergone continuous changes over the years, they are nonetheless crucial for all businesses. However, many entrepreneurs often question the need and usefulness of business plans, leading many to forego...
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What do I need for a start-up?

What do I need for a start-up business? A financial checklist Venturing out and starting your own business can be a dream come true, and being aware of what you can do to help your business thrive is an essential part of being an entrepreneur. According to government statistics, around 127,000 new small to medium...
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Business Plan Elements: Top 7 for Entrepreneurs

What are the necessary business plan elements? Although a proper legal structure is very important for a startup business plan, there are many other considerations that are very likely much more important if the business is to be successful. In particular, developing a business plan is often very important, even for those businesses that do...
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Home business idea for woman in Pennsylvania

One of the initial aspects of taking that first step to start a small business is trying to determine whether your business idea will be profitable. Creating a business plan is absolutely the thing to do in order to figure this out. An early benchmark as you begin the research to create that business plan...
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Business Plan or Life Plan? Put the horse before the cart

We get lots of questions here at StartupNation. People are hungry for information about how to start and grow their dream business. One of the most popular questions is about how to write a business plan. We devote Step 3 in our 10 Steps to Open For Business series to creating a business plan. We...