Small Business Plans

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Evaluating Your Business Plan

Each time you review and revise your business plan, actively solicit suggestions and ideas throughout your company and target audience. Useful ideas can come from anyone anywhere. Start within your business [more…]

Business Plans Kit For Dummies Cheat Sheet

The best way — make that the only way — to achieve business success is to have a solid business plan. A business plan is critical to finding a successful course through turbulent times. If you have a really [more…]

Building Your Business Model

When someone asks "So what's your business model?" what they really want to know is how you plan to make money and how soon you plan to do so. In simplest terms, a [more…]

5 Keys to Successful Business Planning For a One-Person Shop

Lots of people dream about working for themselves. No wonder. Being a one-person shop has plenty of advantages, but it also has lots of challenges. One of the first mistakes sole proprietors make is plunging [more…]

Planning for Change in Business

10 Questions Your Business Plan Should Answer

One reason people are sometimes intimidated by the prospect of writing a business plan is simple: They don't have a clue what a plan should contain. The good news is that there are no hard and fast rules [more…]

10 Ways to Fund Your Business Plan

A great idea sparks most business start-ups, but money is the fuel that keeps those start-ups running. Even if you're launching a one-person freelance business, chances are you need cash to get off the [more…]

Why is a Business Plan Important?

Nearly all business experts agree on one thing: the importance of drafting a business plan. Yet plenty of companies plunge into the competitive arena without a formal plan. Why? We’ve heard plenty of excuses [more…]

Set Out Your Business Planning Objectives

With a thousand issues clamoring for the precious hours in your day, committing time to plan your business’s future isn’t easy. But operating without a plan is even harder — and even more time-consuming [more…]

Business-Plan Target Audiences and Key Messages

Your business plan is the blueprint for how you plan to build a successful enterprise. It’s a comprehensive document that covers a lot of territory and addresses all sorts of issues. To help focus your [more…]

Frequently Asked Business-Plan Questions

If you’re like most people who get this far into the business-planning process, you have questions. Most frequently asked questions about writing business plans are answered in the following list: [more…]

How to Establish a Business-Plan Time Frame

Your time frame represents how far out into the future you want to plan for your business. You want your business to grow successfully for years and years into the future, but that goal doesn’t mean your [more…]

Business Planning Resources

Before you dive into the business planning process, take a minute to become aware of some of the many resources you can turn to for additional tips and tools along the way. [more…]

How to Generate a Successful Business Idea

How do you turn good ideas into a business plan? Facebook started with a good idea. So did Google. Toyota had a pretty good idea when it developed a hybrid engine. Good ideas aren’t limited to major companies [more…]

Do-It-Yourself Business Planning Idea Blender

Humans are a creative bunch. Why not put that to use in your business planning? People have invented hoes, fiddles, eyeglasses, the airplane, bendable straws, computers, the sports bra, skateboards, light [more…]

Brainstorm Business Planning Ideas with the LCS System

Not all creative thinking is done alone. Put a few heads together, and you may whip up a business planning hurricane. The outcome depends on the nature of the group of individuals you assemble [more…]

How to Find Business Plan Ideas within Your Work Environment

Don’t overlook your work environment for business planning inspiration. A survey of 500 of the fastest-growing companies in the United States showed that nearly half grew directly out of the founders’ [more…]

How to Identify Business Plan Opportunities

According to Thomas Edison, “Genius is 1 percent inspiration and 99 percent perspiration.” The same goes for business planning. Coming up with the idea is the inspiration part. When you begin to think [more…]

How to Test Your Business Plan Ideas

After some combination of brainstorming, market analysis, and a few random flashes of brilliance, you may accumulate a drawer full of promising business ideas. But, can they go the distance? You should [more…]

Give Your Business Plan a First Reality Check

When you are going through the process of business planning, asking questions like “Is this really such a good idea?” and “Who am I kidding, anyway?” doesn’t mean you lack confidence. What asking these [more…]

How to Conduct a Self-Appraisal for Business Planning

If you run a small business or are a sole proprietor of your own business — even if you’re an entrepreneur hoping to create the next Cisco — you still have one very important question to answer: “Do I [more…]

Identify the Business You’re Planning

The first step in planning for business success is to identify what business you’re in. Why do customers want the solution you provide, and why do they choose your business over the competition? You can [more…]

Create a Business Plan Mission Statement

Your mission statement defines the purpose of your business and the approach you want to take to achieve success. Crafting a mission statement forces you to take a long, hard look at the key parts of your [more…]

How to Frame and Craft Your Business Plan Mission Statement

Mission statements come in all shapes and sizes for business planning, each reflecting the nature of the company it represents. Some mission statements begin with definitions of company values; others [more…]

Set Goals and Objectives in Your Business Plan

Well-chosen goals and objectives point a new business in the right direction and keep an established company on the right track. Just think about what football would be without end zones or what the Indianapolis [more…]

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