To set your new business on the path to success, you’ll need to create a roadmap, formally known as a business plan. According to a 2021 study from the New England Journal of Entrepreneurship, the act ...

Kate is an experienced freelance writer and editor with a passion for personal finance. From budgeting and banking to credit cards and investing, she enjoys making complex topics accessible and ...

Entrepreneurs can replace complexity with a one-word business plan — a simple, powerful theme that aligns their vision, ...

This article is published by AllBusiness.com, a partner of TIME. Starting a business is an exciting yet challenging endeavor that requires careful planning and clear direction. Whether you are opening ...

How does your business work? That's the question you want to answer for investors — and yourself — in the operations section of your business plan. The basic goal of this section is to provide ...

There are two main types of business plans: the more common traditional business plan and the less common lean startup business plan. A traditional business plan is best for gaining funding and ...

This is part 9 / 9 of Write Your Business Plan: Section 4: Marketing Your Business Plan series. Getting to know your customers is one of the most important things an entrepreneur needs to do, and ...