Your business plan is your roadmap to success, according to the U.S. Small Business Administration. This three-to-five year planning document lays out all the parts of your business needs so your ...

Entrepreneurs embark on business ownership with many challenges and daunting odds. The U.S. Bureau of Labor Statistics reports one in five new businesses fail in the first two years, 45% fail during ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Writing a business plan not only helps you stay on track as ...

A business plan is meant to be a touchstone that you can rely on to remind you of your goals and a living document that can be changed as your business pivots and grows. These concepts aren’t mutually ...

You won't get very far with a new business idea without a business plan. It's required for a loan. Investors will carefully scrutinize the contents. Even the business owner will benefit. A concept may ...

It’s a biz plan, not a doctoral thesis! Find out why an elaborate plan can weigh you down — and how to keep it simple. Opinions expressed by Entrepreneur contributors are their own. When I first ...