Are you about pitching your business plan to raise money? If YES, here is how to successfully present a business plan to investors, bank loan officer or boss. A business plan is generally referred to as a document on which a new business outlines its modus operandi. An effective business plan contains a detailed plan…
Do you need a business plan to get funding from investors or a bank loan? If YES, here are 7 beginner steps to writing a detailed business plan for a small startup. In these times of financial uncertainty, financial gurus have been steadily spreading the gospel that starting a business, no matter how small, is…
The world is filled with brilliant ideas but unfortunately, not all business ideas will get the required funding. Are you in the process of raising capital? Do you want to know what it takes to do a business plan presentation and walk away with the money you need? Do you want to learn how to…
What are the elements a business plan? What are the components of a business plan? What makes a business plan attractive to investors, bankers and VCs? Well, you are going to find out in this article. From my experience as an entrepreneur and investor, I can confidently say that all business plans are not equal….
What is the difference between a business plan and a strategic plan? Which of them is more important to a start-up company? Well, I advice you read on to find the answers you seek. Although the two terms, Business plan and Strategic Plan, are used interchangeably most of the time, they are not the same…
Though, a business plan is a plan itself, your business plan needs some planning. Drafting a short strategic plan of about 2-3 pages can help you come up with a more detailed and comprehensive business plan. So, a strategic plan should be the foundation for your business plan. Before you develop your strategic plan, you…
Okay, you have decided to buy a business plan writing software rather than hire a consultant. However, before you pull out your credit card to make the purchase, below are ten tough questions to ask before buying a business plan writing software. Imagine that you are a smart business man or woman who has worked…
If you are currently thinking of buying business plan software, then I advice you consider these ten factors before choosing a business plan software to buy. Are you one of those investors who still ask questions like “
Why is Business Plan Pro the best business plan writing software in the marketplace? Well, this article will spell out the pros and cons of the Business Plan Pro software. A business plan is a very important tool that you need to start and grow your business. To help your business to succeed, it is…
Are you contemplating using a business plan software vs handwriting a business plan yourself? If YES, here is an in-depth comparison on the best of the two. There are three ways to write your business plan; Writing it yourself-: If you have the skills and expertise, you can write your business plan yourself. Using a…
It is a known fact that 99% of all business plans written and presented to investors don’t get funded. Why? What’s responsible for the high rejection rate of business plans? Well, this article will highlight all the facts you need to know. angel investors, venture capitalists, and loan-issuing institutions receive tons of business plans every…
Are you contemplating hiring a business consultant vs using a business plan software for writing your business plan? If YES, here is a comparison on the best of the two. You already did a whole lot of work brainstorming and coming up with a good business idea, now it’s time to write your business plan…
A business plan is one of the most important tools for business planning. It serves not only as a blueprint but also as a control mechanism for your business. However, not everyone has a background in business or financial management and certainly; and not everyone knows
Do you want to do a business plan presentation? If YES, here are 21 best tips on how to start a business plan proposal presentation that thrills your audience. One of the primary jobs of an entrepreneur is to sell. As an entrepreneur, you must sell to your customers, clients, suppliers, partners, investors, government agencies,…
Between a business plan vs a marketing plan, which is more important to your small company? Here is a detail comparison and difference between a business plan and marketing plan. The purpose of every business is to make profit, and for that profit to start rolling in early enough, certain plans and processes have to…
Is your inability to write a business plan stopping you from starting a business? If YES, here are 10 undisputed reasons why business plans are a waste of time. Many business experts will tell you that one of the first steps towards starting a successful business is to write a business plan. Business consultants, investors,…
Do you want to hire a business plan writer? If YES, here are 50 best companies that offer professional business plan writing services at an affordable rate. A business plan writing service is a team of business experts that take the ideas of an entrepreneur, combine it with their own properly conducted research and deductions,…
Are you about writing a business plan and you need a software? If YES, here are 27 best professional business plan software online both free and paid options. Once an entrepreneur gets a business idea, the next thing he or she should think about is to write a business plan that would help actualize the…
Are you about writing a business plan and you need an app to help you? If YES, here are 13 best business plan apps for Android, IOS, iPad, iPhone or Mac. Once an entrepreneur gets a business idea, the next thing he or she should think about is to write a business plan that would…
Is LivePlan business plan software too expensive or complicated for you? If YES, here are 26 best LivePlan alternatives; both free and paid options. LivePlan has always bagged the top spot whenever it comes to the best business plan software you can find online. This is because the creators of this app provided a slick…
Are you about pitching your idea to investors? If YES, here is a detailed guide on how to write an ironclad confidentiality agreement for a business plan. Confidentiality statements are documents that are prepared for the safety of parties that are about to go into a business contract. Also known as non-disclosure agreements, confidentiality statements…
Are you about starting a business but you don’t know what kind of business plan to write? If YES, here are 14 types of business plans and their functions. A business plan is a formal written document that contains business goals, the methods on how these goals can be attained, and the time frame within…
How many pages should a business plan be? 10, 25, 50, 100 or more? Here is a quick comparison of the business plan types available and their optimum length. A lot of new entrepreneurs often wonder how long is too long for a business plan. Most business experts and counselors say it should be 30…
Do you want to write or submit a business plan to investors for your startup? If YES, here are 7 most important things investors look for in a business plan. There are salient features of your venture that an investor might need to know before investing in your venture, and so for you to get…
Have you just written a business plan but you are clueless about the next step to take? If YES, here are 9 bold steps to take after writing a business plan. It is very important for an entrepreneur to invest time and resources in creating a well-documented business plan to attract investors. But you would…
Do you want to know if an abstract is the same as an executive summary? If YES, here is the key difference between an abstract and an executive summary. Abstract and Executive Summary are two terms that are to be understood with difference. Abstract is mostly a term used in the writing of research papers….
In everyday language, “constraint” might simply mean any inconvenience, limitation, setback, restriction or fluctuation in capacity. Sometimes it seems like constraints are lurking everywhere. But in Dr. George’s Theory of Constraints, the word “constraint” refers to something very specific. What is a Business Constraint? According to Dr George Friedman, a business constraint is anything that…
Are you wondering which book is best to learn how to write a business plan? If YES, here are 20 best books on how to write a business plan in 2023. Starting and running a new business to success can be quite daunting. According to reports, a little more than 1 in 5 businesses tend to…
Ideally, a traditional business plan can take just a few hours or maybe days to put together. And although there’s nothing wrong with taking as much time as possible, it is better if you already know what you are doing and have the data you need. Notably, it is possible to write your initial business…
A business plan is a blueprint that is needed to successfully run a business; with a workable business plan in place, you will reduce the trial-and-error approach to doing business. You will be able to manage your business with purpose, and you will know how to handle the challenges and growth you meet along the…
The whole business plan document is very important but there are key components of a business plan that can summarize what the business plan is all about. If you can identify these documents in a business plan, then you can pay more attention to them when writing your business plan. The whole essence of writing…
The executive summary for a business plan averages one to four pages – ideally, under two pages – and should be less than 10% of the total business plan. Although you want your executive summary to be engaging and detailed, it has to be quick, precise, and easy to read. Have it in mind that…
A business plan is critical to the growth and overall success of a company. These plans tend to provide a business with a blueprint for the future and a clear strategy on how to expand. Note that the primary aim of any business plan is to present a vivid overview of the business idea. And…
Financial data is very crucial when putting together a business plan especially since it ensures that the reader will understand the needs of the company in terms of both future and present costs. For instance, a cash flow statement is necessary because it notes how cash flow can influence the growth of a company. It…
Writing a comprehensive business plan is, without doubt, a time-consuming process, and a good number of business owners and entrepreneurs get quickly turned off by it. Depending on the amount of information and resources you have at your disposal, it might take from an hour to a few weeks to put together a thoroughly researched…
A target market in a business plan is a section that defines the specific group of people with shared characteristics to whom the business intends to market its products or services. Businesses are known to use this section of the business plan to understand their potential customers and also develop well-structured marketing strategies to help…
One of the major purposes of a business plan is to attract funds from potential lenders and investors. A good business plan is supposed to give clear projections and hope that when an investor invests his or her money, they are going to get a return on their investment. The truth is that investors usually…
A joint venture business plan is a document that defines a business arrangement between two or more companies. Just as with a normal business plan, this plan also includes numerous sections and extensively describes the aim, companies, and responsibilities of each company in the joint venture. This plan also outlines temporary activities that help to…