Writing a Business Plan

Do I Need a Business Plan?

Everybody running a business wants a business plan to help focus strategy, manage milestones, manage metrics, assign and track responsibilities and performance, and manage money using projections for sales, costs, expenses, and cash. This doesn’t require the big formal business plan document (complete with complicated business plan components) you fear like a term paper. It starts...


Different Types of Plans for Businesses

Experience has taught me that there are distinctions between the different planning concepts (and that they can be worked together). A business plan is a document, generally projecting three to five years into the future about the route a company intends to take to maintain and grow revenues. It incorporates the basic elements of market...


Business Research

Here is a list of resources for finding business information. We recommend that you get in contact with your closest Small Business Development Center (SBDC). The SBDCs are funded by federal, state, and higher education funds, and they tend to offer valuable consulting and information at unusually low fee levels and often have several free...


Getting Started on Your Business Plan

Writing a business plan is not intuitive. Sometimes it is hard to know where to begin. Here are a few suggestions to help get you started: Check out a business plan outline to see what is expected in a business plan Use this free fill-in-the-blank business plan template in the format preferred by the SBA...


Estimating Unknown Expenses

How do you estimate specific costs for a new business? How do you predict expenses? Normally you need some experience. If you have no idea, then you might think again about starting this business. Maybe your team should add somebody who does have experience, and can make estimates. Here is why. In the real world,...


Planning for Purchasing a Business

Are you considering purchasing an existing business? You'll want to go in well-informed and well-prepared.


Heart of a Plan: Market, Identity, Focus

(Note: I posted this on my Planning Startups Stories blog yesterday, and I’m crossposting it here because it’s so directly related to business planning. Tim) Think of it as the heart of the business, like the heart of the artichoke: it’s a group of three core concepts that can’t be separated. Market, identity, and focus....


If You Dread Planning Your Startup, Don’t Start It

When you're thinking about starting a business you should enjoy the thinking and planning that goes with that. It's like dreaming, looking forward, mapping, and, yes planning. If you don't want to do the planning, get a clue, maybe you don't want to start the business.


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