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Startups Without Business Plans Are Expensive Hobbies

Startup Professionals Musings

There really is no excuse these days, with samples on the Internet, business-plan books in every bookstore, and dozens of apps to automate the process.

The Different Types of Business Plans

Up and Running

Business plans go by many names:  Strategic plans, operational plans, internal plans, and many others.

Formatting a Business Plan: Best Practices

Up and Running

Your business plan should accomplish certain goals: raise money, guide your team, and set strategies for growth. Your target market.

Resources for Entrepreneurs Writing a Business Plan

Up and Running

Writing a business plan can seem intimidating. If you aren’t solving a problem for your customers, you don’t have a business.

Developing a Business Plan for Strategic Growth

Up and Running

The business plan for strategic growth is one of my favorites because it’s about core business decisions, steps, metrics, and making things happen.

How to Develop a Positioning Statement for the Marketing Section of Your Business Plan

Up and Running

Positioning is the essence of marketing strategy, and some would say of all business strategy. See Also: Business Planning Guide.

Business Plans Are An Historical Artifact

Feld Thoughts

This article ( Business Plans Are An Historical Artifact )  first appeared last week in the Wall Street Journal The Accelerators Column , which I’m contributing to on a regular basis. . Timmons’ classic book “New Venture Creation” and the course ended with the submission of a written business plan.

How to Write a Business Plan in Under an Hour

Up and Running

Most people think that writing a business plan has to be hard. I’m here to tell you that it doesn’t have to be. Why do I need a pitch?”

Do This One Thing Before You Write Your Business Plan

Up and Running

So, you’ve been asked to write a business plan. But first, let’s talk about why you’re writing a business plan. That’s it!

Business Planning Makes You More Successful, and We’ve Got the Science to Prove It

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Should you spend some time developing a plan for your business, or just dive in and start, figuring things out as you go? 2010). 2010).

The Management Magic of Business Planning

Up and Running

Maybe it was the ex-hippie in me, but I think it happens to most founders, in most startups, and most small businesses. It’s focus.

A Perspective On When A Business Plan Adds Value

Startup Professionals Musings

As a startup mentor and investor, I am approached regularly by aspiring entrepreneurs who assert that business plans are a waste of time.

What Type of Business Plan Do I Need?

Up and Running

Unsure what kind of business plan you need? And also, what real business owners want—lean business plans for better management.

How to Write the Sales and Marketing Section of Your Business Plan

Up and Running

You have to be flexible about a business plan, so take what you can from what we say here and make sure it applies to your business.

How to Write a Business Plan

Up and Running

You’ve reviewed what a business plan is , and why you need one to start and grow your business. Marketing and Sales Plan.

An Overview of Lean Business Planning

Up and Running

A lean business plan does what every business owner and aspiring startup needs to manage strategy, tactics, execution, and essential business numbers.

Protect Your Business Plan Like It’s Your Baby—Here’s How

Up and Running

We all want the best for our babies—and our business plans! Most often, business plans are used to raise money and acquire talent. 

IP 46

Don’t Just Describe Problem and Solution in Your Business Plan; Make People Care

Up and Running

Many experts recommend introducing your business plan with definitions of the problem that your business solves and the solution your business offers.

These 10 Key Elements Make a Business Plan Fundable

Gust

People ask me if they really need ANY business plan, unless they are looking for an outside investor. Explain the business model.

How to Write a Nonprofit Business Plan

Up and Running

Starting and running a nonprofit is an exhilarating experience, but it also requires thoughtful planning and execution to be successful.

Blowing up the Business Plan at U.C. Berkeley Haas Business School

Steve Blank

Berkeley Haas Business School is a leader in entrepreneurship education. It has replaced how to write a business plan with hands-on Lean Startup methods. The final deliverable for that class was a 30-page business plan. We had multiple business plan competitions. The Business Plan is Dead.

These 10 Key Elements Make a Business Plan Fundable

Startup Professionals Musings

People ask me if they really need ANY business plan, unless they are looking for an outside investor. Explain the business model.

What Should You Do When An Investor Asks You For A Business Plan?

Ask The VC

Dan Shapiro has an excellent post up titled What to do when an investor asks you for your business plan. In the section where we discuss business plans, we say: “We haven’t read a business plan in over 20 years. We go on to say: “Regardless, you will occasionally be asked for a business plan.

How and Where to Write About Technology in Your Business Plan

Up and Running

Often, a business plan introduces a new technology that requires some explaining. It’s a business plan, not a term paper or thesis.

How to Write a Business Plan for an Artist’s Business

Up and Running

“But how can I write a business plan? I’m an artist.” You don’t plan to pay your rent and other expenses? Hats off.

10 Tips to the Simplest But Effective Business Plan

Startup Professionals Musings

If you want people to invest in your idea, then my best advice is first write a business plan, and keep it simple. Use it. It won’t work.

Keep Your Business Plan Succinct Yet Impressive

Startup Professionals Musings

If you want people to invest in your idea, then my best advice is first write a business plan, and keep it simple. Use it. It won’t work.

Begin with the End in Mind: Include Your Business Exit in Your Business Plan

Up and Running

While some entrepreneurs think it’s unnecessary to write a business plan—especially if outside financing is not needed—I highly disagree.

What Makes a Successful Business Plan?

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Every year, I spend a lot of time reading and judging  business plans for business plan competitions.

Is business planning pointless?

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It’s a common refrain these days, voiced by “experts” and busy entrepreneurs: business plans and business planning are pointless.

Why Business Plan Writers Are a Waste of Money

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I’ve been quite vocal with my concern that farming your business plan out is usually a bad idea. See Also: How to Write a Business Plan.

How to Tell Your Company’s History in Your Business Plan

Up and Running

Company history in a business plan? Yes, it’s a good addition to some business plans, but not all. Not everything does.

Top 7 Unrestricted Cash Awards in Business Plan Competitions

NFIB Young Entrepreneur Foundation Blog

Business plan competitions are booming. What business services do you want or need? Rice Business Plan Competition.

Top Business Plan Competitions

NFIB Young Entrepreneur Foundation Blog

“We got our start at a business plan competition,” he said. Top Business Plan Competitions: MIT – $630k.

What Makes a Business Plan More than Just Strategy and Wishful Thinking?

Up and Running

What’s the value of a business plan? How do you build decisions and action into your business plan? Decisions. Action.

Highlighting Risks in Your Business Plan Will Help You Get Funding

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One of the areas constantly dismissed by business owners in their business plan is an articulation of the risks in the business.

How Many Entrepreneurs Really Need a Business Plan?

Startup Professionals Musings

On a regular basis, I am approached by entrepreneurs who assert that business plans are a waste of time. Marty Zwilling.

How to Write a Business Plan: A Step-By-Step Template

Fresh Inc.: The Staff Blog

Need to write a business plan? Here's a basic outline to follow, plus some expert advice to help get you started

The Science of Success Through Business Planning

Up and Running

If you’re seeking funding or looking to start a business, you need a business plan. This is why you MUST write a business plan.

4 Critical Business Plan Elements That Will Get You Funded

Fresh Inc.: The Staff Blog

When you create a business plan, keep in mind that the investor who reads 500 business plans a year.