Why Write a Business Plan?

By: Burke Franklin, CEO and founder, Business Power Tools “A sensible man never embarks on an enterprise until he can see his way to the end of it.”    – Aesop A business plan is a road map to the future of your business (both for yourself and your investors).  Writing it, though, can be an…

What is an Executive Summary?

The Executive Summary is the most important part of your business plan. It’s the first part that potential investors will read, and if written poorly, it could be the last! It is wise to complete your plan first, and always come back and do your Executive Summary last.  Some people use the Executive Summary to get them…

Business planning: Tips for Writing a Mission Statement for your Business Plan

A while back I was shopping for a new car. In the show room one dealer had a plaque over their door that read,”Our mission is to become the most profitable [brand] dealer in Northern California.”  Uh oh! What does that tell you? ( I wonder if they are charging too much.)  That ‘mission statement’…

Business Planning: Adding more products and services to your business plan?

Quite frequently, BizPlanBuilder users will write-in to ask how they can add more products, more profit centers, or more SKUs to their business plan. It seems to be very exciting to think you can dazzle an investor or lender with lots of products. Actually, the opposite maybe true. BizPlanBuilder includes enough space to add up…