10 Business Plan Tips Too Many Entrepreneurs Forget

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. Don't confuse your business plan with a doctoral thesis or the back of a napkin. Keep the wording and formatting straightforward, and keep the plan short.

Do You Need a Business Plan? Scientific Research Says Yes

Up and Running

Should you spend some time developing a plan for your business, or just dive in and start, figuring things out as you go? There has been plenty of debate on this topic, but no one has pulled together the scientific evidence to determine if planning is worthwhile—until now.

Create a Business Plan for Fewer Hassles and Faster Growth

Up and Running

Writing a business plan can help make sure Office Space doesn’t feel relatable [ source ]. If you’re coming up with a business plan for a new venture, there’s a good chance you can relate to this scene. Business planning reduces hassles and friction.

10 Venture Realities Will Position Your Business Plan

Startup Professionals Musings

If you are one of the new age of entrepreneurs who hates the thought of doing a business plan as a first step in starting your new venture you will love this message. In that context, it could be a social enterprise, or even a hobby, and a business plan may not be beneficial.

What Is a Business Plan?

Up and Running

This article is part of our “ Business Planning Guide “ —a curated list of our articles that will help you with the planning process! What is a business plan? How to choose the right kind of business plan. What is a business plan?

Startups Without Business Plans Are Expensive Hobbies

Startup Professionals Musings

If you sold your last startup for $800 million, you probably already know how to build a business, and even conservative investors won’t worry about the quality of your next business plan. Most investors tend to think of startups without a plan as expensive hobbies.

6 Situations Where A Business Plan Does Not Add Value

Startup Professionals Musings

Writing a business plan is hard work, so I get lots of pushback from prospective new venture founders that it’s just a waste of their valuable time in this rapidly changing environment. They all claim to have the plan in their head, and writing it down will only slow down their success.

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. . In 1987 when I started my first company (Feld Technologies), I wrote a business plan for a course at MIT that I was in called 15.375: New Enterprises. I went on to create a company, with my partner Dave Jilk, that bore very little resemblance to that business plan.

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. They cite sources like the BusinessWeek story, “ Real Entrepreneurs Don’t Write Business Plans ” and this Forbes article.

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. They cite sources like a recent BusinessWeek story, “ Real Entrepreneurs Don’t Write Business Plans ” and this NY Times article.

10 Startup Priorities May Negate The Business Plan

Startup Professionals Musings

If you are one of the new age of entrepreneurs who hates the thought of doing a business plan as a first step in starting your new venture you will love this message. In that context, it could be a social enterprise, or even a hobby, and a business plan may not be beneficial.

7 Mistakes To Avoid When Writing A Business Plan

YFS Magazine

A business plan is a very important business tool to have as an entrepreneur. When you write your business plan, avoid making these 7 common mistakes. This article 7 Mistakes To Avoid When Writing A Business Plan appeared first in YFS Magazine.

Entrepreneurs Confuse Product and Business Plans

Startup Professionals Musings

Why is it that most of the business plans I see are really product plans? I define a product plan as a detailed description of your product or service, with a bit of business thrown in at the end. It’s definitely positive to have a product plan.

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. Don''t confuse your business plan with a doctoral thesis or the back of a napkin. Keep the wording and formatting straightforward, and keep the plan short.

Investor Perspective: How to Write a Killer Business Plan

The Startup Magazine

Startups with a solid business plan and great pitch deck have a far greater chance of gaining investment. In this essay by one of Mercia’s Fund Principals, Ian Wilson, Ian talks about the sorts of things he and the team are looking for when plans come to them for review.

Resources for Entrepreneurs Writing a Business Plan

Up and Running

Writing a business plan can seem intimidating. You’re committing your great idea to paper and fleshing out the details of how you’re actually going to start and grow your business. A one-page pitch is a simple overview of your business.

Why Your Tiny Startup Needs A Business Plan

YoungUpstarts

by Bob Adams, serial entrepreneur and founder of BusinessTown.com. You might be thinking that a business plan doesn’t make any sense for your small new enterprise. After all you are not planning on trying to get even a bank loan, let alone venture capital.

How to Write a One-Page Business Plan

Up and Running

If you’ve been putting off writing your business plan, you’re not alone. Writing a business plan can seem like a daunting task, and lots of entrepreneurs avoid it for this reason. Business model (how you make money).

How To Quickly Create A Great Business Plan

YoungUpstarts

You know you need a business plan if you want funding. And you know you should have and follow a plan to grow your business. But oftentimes creating a business plan takes too long. Below are some tips to help you complete a great business plan faster: 1.

10 Reasons Not To Write A Business Plan First

Startup Professionals Musings

If you are one of the new age of entrepreneurs who hates the thought of doing a business plan as a first step in starting your new venture you will love this message. In that context, it could be a social enterprise, or even a hobby, and a business plan may not be beneficial.

Why Startup Product Plans Make Poor Business Plans

Startup Professionals Musings

Most technical entrepreneurs I know demand the discipline of a product specification or plan, and then assume that their great product will drive a great business. Is it any wonder why so few entrepreneurs ever find the professional investors they seek?

8 Reasons Business Plans Fail That No One Wants to Talk About

Up and Running

As a full-time editor and academic mentor at an academic writing service, I have read hundreds of business plans over the years. To help students and startups, I have compiled a list of reasons business plans are rejected or given a low grade. Bad business ideas.

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. In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Explain the business model.

Ten Top Investor Turnoffs Around Business Plans

Startup Professionals Musings

Every serious investor, on the other hand, has a stack of these in their in-basket (email or real plastic) awaiting review, and is looking for the flaw or less-capable entrepreneur in each that predicts failure, allowing them to discard it like another piece of junk mail.

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. Don't confuse your business plan with a doctoral thesis or the back of a napkin. Keep the wording and formatting straightforward, and keep the plan short.

Is business planning pointless?

Up and Running

It’s a common refrain these days, voiced by “experts” and busy entrepreneurs: business plans and business planning are pointless. There’s clearly no point in planning… On the surface, it’s easy to agree.

5 Business Plan Secrets For A Successful Tech Startup

YoungUpstarts

. Making the decision to break the mold and start a business is an exciting step, but building a successful company is a challenging endeavor. In no small way, the success of your venture will depend on the details of your business plan. Develop a comprehensive marketing plan.

5 Tips To Create A Business Plan That Investors Love?

YFS Magazine

At some point in your life as an entrepreneur, you’ll need a business plan. In fact, any time you need to raise outside funding, you’ll need to present a plan for investors or lenders.??.

Business Plan Writers - Know Your Audience

Startup Professionals Musings

By Mahesh Raj Mohan Writing a business plan can be a difficult process. you still have to write the plan for a particular audience. A loan officer, angel investor, and venture capitalist are all looking for different things in a business plan.

Lean Business Planning with Tim Berry [VIDEO]

Up and Running

We recently had Tim Berry, Palo Alto Software founder and business planning expert, present our Bplans audience with his latest advice on lean business planning. Start your lean business plan today: Download our Free Lean Plan Template one-page-pitch-download.pdf.

A Business Plan is for You First, Then for Investors

Startup Professionals Musings

Too many entrepreneurs still believe the urban myth that you can sketch your idea on a napkin, and investors will throw money at you. Every investor I know is frustrated with the poor quality of the business plans they get. What is the definition of a good business plan?

Solopreneurs Can Grow Faster and Smarter With a Lean Business Plan

Up and Running

You’ve made the decision to strike out on your own as a solopreneur to start the business you have been dreaming of for months, or even years. Though you may be tempted to immediately throw yourself into your new small business, don’t forget a crucial element: creating a business plan.

Lean 84

Why are Good Business Plans So Rare These Days?

Startup Professionals Musings

Too many entrepreneurs still believe the urban myth that you can sketch your idea on a napkin, and investors will throw money at you. Every investor I know is frustrated with the poor quality of the business plans they get. What is the definition of a good business plan?

Investors Expect Ten Essentials in a Business Plan

Startup Professionals Musings

People ask me if they really need ANY business plan, unless they are looking for an outside investor. In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. Explain the business model.

10 Simple Ways to Maximize Business Plan Impact

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. Don't confuse your business plan with a doctoral thesis or the back of a napkin. Keep the wording and formatting straightforward, and keep the plan short.

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. The business plan isn’t just a document you create to get investors to dish out the dough. This is why you MUST write a business plan. Companies that plan, grow.

Business Plan Financial Forecasts Test Your Savvy

Startup Professionals Musings

Many entrepreneurs actually refuse to do financial projections beyond the first year, insisting that no one can predict the future. Plan to re-forecast every quarter. But a solid financial forecast is a required cornerstone for any business plan.

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. It’s time to dig into the process of actually writing a business plan. First, a few must-follow rules for writing a business plan. > Financial Plan.

Pull Investors to Your Business Plan With a Summary

Startup Professionals Musings

Modern investors love to first read a two-page summary of your business plan, formatted like a glossy marketing collateral sheet, with text well laid out in columns and sidebars, and a couple of relevant graphics. Business model.

Jungle Business Plan

Gregg Fraley, Author of Jack's Notebook

Business Plans That Work –One You Can Take to the Jungle. I’ve got nothing against business plans except when they become an excuse for not doing business. The purposes of a business plan is to PLAN and EXECUTE, not impress, and not waste a lot 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. In this article, we’re going to help you figure out which plan is the one for you. All businesses start with a lean plan.

Do This One Thing Before You Write Your Business Plan

Up and Running

So, you’ve been asked to write a business plan. Today, I’m going to walk you through an easier way to get your business plan started, through developing a winning strategy. But first, let’s talk about why you’re writing a business plan.

How to Get the Most Out of Your Business Plan Writing Service

Up and Running

Starting your own business is an amazing journey and one of the most empowering, positive decisions you can make. That’s the moment when many entrepreneurs realize that getting the help of a professional business plan writer can take their business concept from daydream to day job.