EsquireDaily
Business Economy

How to Write a Business Plan 101

blank

This guide to writing a business plan will outline the most important parts and what should be included in an effective plan.

Opinions expressed by Entrepreneur contributors are their own.

A business plan is a written description of your business’s , a document that tells what you plan to do and how you plan to do it. If you jot down a paragraph on the back of an envelope describing your , you’ve written a plan, or at least the germ of one.

Business plans are inherently strategic. You start here, today, with certain resources and abilities. And you want to get to there, a point in the future (usually three to five years out), at which time your business will have a different set of resources and abilities as well as greater profitability and increased assets. Your plan shows how you will get from here to there.

Related: 7 Steps to a Perfectly Written Business Plan

You can visit our small business encyclopedia to learn more about business plans or our FormNet area to get the necessary forms to get started.

Before writing your plan

Writing your business plan

Business Plan Tools

Business Planning Videos

: What Investors Really Think About Your Business Plan. At our Entrepreneur magazine Roundtable, financial pros offer tough talk about the business plans of first-time entrepreneurs:

Related: What Investors Really Think About Your Business Plan

Video: How Can I Hire Someone to Help Write My Business Plan? In the video below, , founder and president of Palo Alto Software Inc., responds to a reader seeking advice on finding a low-cost writer to help with a business plan:

Related: 25 Business Plan Tips From Professionals

loading…

Related posts

How to Tell Your Company's Story

Andrea Allin

Marketing 101: Why Should You Invest in Digital Marketing Services? [2021]

Andrea Allin

What Is the Right Incubation Process for Your Startup?

Andrea Allin

How to Create an Irresistible Offer by Surveying Your Audience on LinkedIn

Andrea Allin

5 Steps to Scale From a Hungry Solopreneur to an Unstoppable Enterprise

Andrea Allin

Building Your Own AngelList: 4 Expert Tips on How to Network to Find Investors for Your New Business

Andrea Allin

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy