A business plan explains what your business does now and where you hope to be in three to five years. You may need one to apply for a business loan.

Our simple business plan template covers everything you need to consider when launching a side gig, solo operation or small business. Get started here.

Business plans should be developed by all entrepreneurs early on. They provide guidance, allow you to track your progress, and ensure that you've thought through your business concept and strategy.

How to Develop a One-Year Business Plan. A business plan is a written statement describing your business organization, operations and financial and growth projections. It usually includes a ...

Where to Find Hundreds of Business-Plan Examples These samples will be incredibly helpful to you as you begin writing your own business plan.

In this sample marketing plan competitive analysis, you would need to describe the product or service that you offer and how it stacks up against what the competition has to offer.

So even if you don’t write out a highly detailed plan, you should at least use this seven-step formula to sketch out the fundamentals and make sure the basic business logic is sound–it won’t ...