8 Reasons Having a Business Plan Is Important for Small Businesses + VIDEO
The importance of having a business plan and reviewing it regularly goes far beyond simple planning and goal-setting. The key is to just get started. It’s really not as hard as you might think! It doesn’t have to be a formal business plan that’s 200 pages long—or even 20—and you don’t need to spend months on it.
By Kateri Kosta |
Tools and Resources to Help You Write Your Business Plan
Working on writing your business plan and looking for some tools or resources to make it easier? You don’t have to start from zero or reinvent any wheels. Here are some tools and resources that can help.
By Tim Berry |
How to Write About Sourcing and Fulfillment in Your Business Plan
The sourcing and fulfillment section of your business plan explains how you build that product. Here's why this section matters, and how to write it.
By Tim Berry |
SWOT Analysis Step 5: Developing Actionable Strategies
Our SWOT challenge was designed to give entrepreneurs a look at their business. Once you have completed your SWOT analysis, here's how to proceed.
By Lisa Furgison |
SWOT Analysis Challenge Step 4: How to Identify Threats
Every business owner, no matter what stage, should conduct a SWOT analysis on their business. Here's how to determine your threats, so you can be prepared and reduce risk.
By Lisa Furgison |
SWOT Analysis Step 3: How to Identify Opportunities
A good entrepreneur is always on the hunt for new opportunities—and one of the best ways to identify opportunities is to complete a SWOT analysis.
By Lisa Furgison |
SWOT Analysis Step 2: How to Identify Weaknesses
Use a SWOT matrix framework and list of key questions to complete the second step of a SWOT analysis: identifying business weaknesses.
By Lisa Furgison |
Create a Business Plan for Fewer Hassles and Faster Growth
You're bound to run into hassles while starting your business. But, writing a business plan can help reduce friction and make the process run more smoothly.
