Tag: Plan

Business Plan Template for Small Businesses and Entrepreneurs: Free Download

free business plan template

Writing a business plan can seem like a big task, especially if you’re starting a business for the first time and don’t have a financial background. Even if you do have some experience, getting a refresher on what a modern business plan looks like is always a good idea.

After all, business plans have changed over the years, and what lenders and investors expect now is different than it was even just 10 years ago.

Ready to get the business plan template? Fill out the form on the right to get started >>>

Start your plan with a modern, professional business plan template

That’s why we’re sharing our investor-approved business plan template.

This template has been used by universities such as Princeton and Babson to teach entrepreneurs how to start businesses. It’s also been used by over 850,000 businesses to write business plans for bank loans, venture capital and angel

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What is a Business Continuity Plan?

What is a business continuity plan?

A business continuity plan (BCP) is a document that outlines how a business will continue operating during an unplanned disruption in service. It’s more comprehensive than a disaster recovery plan and contains contingencies for business processes, assets, human resources and business partners – every aspect of the business that might be affected.

Plans typically contain a checklist that includes supplies and equipment, data backups and backup site locations. Plans can also identify plan administrators and include contact information for emergency responders, key personnel and backup site providers. Plans may provide detailed strategies on how business operations can be maintained for both short-term and long-term outages.

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A key component of a business continuity plan (BCP) is a disaster recovery plan that contains strategies for handling IT disruptions to networks, servers, personal computers and mobile devices. The plan should cover how to reestablish

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7 Steps to a Perfectly Written Business Plan


7 min read

Opinions expressed by Entrepreneur contributors are their own.


Every business needs to have a written business plan. Whether it’s to provide direction or attract investors, a business plan is vital for the success for your organization. But, how do you write a business plan?

SBA.gov recommends that a business plan include:

  • Executive summary — a snapshot of your business
  • Company description — describes what you do
  • Market analysis – research on your industry, market and competitors
  • Organization and management — your business and management structure
  • Service or product — the products or services you’re offering
  • Marketing and sales — how you’ll market your business and your sales strategy
  • Funding request — how much money you’ll need for next 3 to 5 years
  • Financial projections — supply information like balance sheets
  • Appendix — an optional section that includes résumés and permits

However, getting started may

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4-Step Action Plan to Strengthen Your Personal Skills

Only by discovering your innate, personal skills and developing and exploiting them to their highest degree can you utilize yourself to get the greatest amount of satisfaction and enjoyment from everything you do. Creating an action plan through personal strategic planning can give you the highest rewards for your efforts and is the starting point in getting the best out of yourself.

Corporate vs. Personal Strategic Planning

When we do strategic planning for corporations, we begin with the premise that the whole purpose of the exercise is to reorganize and reallocate people and resources to increase the rate of return on equity, or capital invested in the business. Invariably, this is done by emphasizing some areas and de-emphasizing others, by allocating more resources to areas with higher potential return and by taking resources away from those areas that represent lower potential returns. By developing or promoting newer and better products

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Writing Plans with Free Sample Template & Software, Business Planning, Business Planner, Business Plan Software, Business Plan Template, Sample Business Plan

   

Just as no two businesses are alike, so also with business plans. As
some issues in a plan will be more relevant to some businesses than to
others, it is important to tailor a plan’s contents to suit individual
circumstances. Nonetheless, most plans follow a well-tried and tested
structure and general advice on preparing a plan is universally applicable.

A business plan should be a realistic view of the expectations and long-term
objectives for an established business or new venture. It provides the
framework within which it must operate and, ultimately, succeed or fail.
For management or entrepreneurs seeking external support, the plan is
the most important sales document that they are ever likely to produce
as it could be the key to raising finance etc. Preparation of a comprehensive
plan will not guarantee success in raising funds or mobilizing support,
but lack of a sound plan will, almost certainly,

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Create a Personal Business Plan That You’ll Really Use


5 min read

Opinions expressed by Entrepreneur contributors are their own.


Every successful business leader I’ve encountered is in some way a prolific goal setter. For this reason, the single most important piece of advice I give any aspiring entrepreneur or business professional is to figure out exactly what you want, document it on paper and then attack it every day. 

A personal business plan is something that I develop each year to help me put my own advice into action. Creating a plan can clarify your objectives for the coming year but don’t just shove it in drawer. It is something that should become weekly, if not daily, reading material.

Related: Why Business Leaders Must Set a Personal Mission

1. Start with a simple brainstorming list. 

Break down your role in the company into small parts and be sure it’s comprehensive. This could mean taking each

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Choosing a Retirement Plan: Money Purchase Plan

Money purchase plans have required contributions. The employer is required to make a contribution to the plan each year for the plan participants.

With a money purchase plan, the plan states the contribution percentage that is required. For example, let’s say that your money purchase plan has a contribution of 5% of each eligible employee’s pay. You, as the employer, need to make a contribution of 5% of each eligible employee’s pay to their separate account. A participant’s benefit is based on the amount of contributions to their account and the gains or losses associated with the account at the time of retirement.

That type of arrangement is different than a profit-sharing plan. With the profit-sharing plan, you, the employer, can decide that you’ll contribute a certain amount, say $10,000. Then, depending on the plan’s contribution formula, you allocate that $10,000 to the separate accounts of the eligible employees. Also,

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Business Plan Template for a Startup Business

Do you want to increase the odds that your business startup will be a success? Then download this step-by-step business plan template and use it to lay the groundwork for your new business.

Writing a business plan gives you an opportunity to carefully think through every step of starting your company so you can better prepare and handle any challenges.

While a thorough business plan is essential in the financing process, it’s helpful even if you don’t need outside financing.

Creating a business plan can:

  • Help you discover any weaknesses in your business idea so you can address them before you open for business
  • Identify business opportunities you may not have considered and plan how to take advantage of them
  • Analyze the market and competition to strengthen your idea
  • Give you a chance to plan strategies for dealing with potential challenges so they don’t derail your startup
  • Convince potential partners,
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Business Plan Template for Startups and Entrepreneurs: Free Download

free business plan template

Writing a business plan can seem like a big task, especially if you’re starting a business for the first time and don’t have a financial background. Even if you do have some experience, getting a refresher on what a modern business plan looks like is always a good idea.

After all, business plans have changed over the years, and what lenders and investors expect now is different than it was even just 10 years ago.

Ready to get the business plan template? Fill out the form on the right to get started >>>

Start your plan with a modern, professional business plan template

That’s why we’re sharing our investor-approved business plan template.

This template has been used by universities such as Princeton and Babson to teach entrepreneurs how to start businesses. It’s also been used by over 850,000 businesses to write business plans for bank loans, venture capital and angel

Read More