There has been a lot of debate recently about whether or not new businesses need a business plan. The new line of thinking is that its better to spend your time out talking to clients and tweaking your product to their liking, rather than writing a comprehensive business plan that is likely to be torn apart during your first client meeting. Regardless of where you stand in that debate, in our opinion its a good idea to at least write a short business plan. This way you will have a general outline of what you need to accomplish that you can use to hold hold yourself and others accountable.
Here is a list of resources showing exactly how to write a business plan. If you come across other resources that should be included, or have any other comments/questions please let us know in the comments section below.
Entrepreneur: Business Plan Guide – Comprehensive resource covering all aspects of a business plan with examples and sample business plans.
MyOwnBusiness: How to write a business plan course – A free online course covering all the aspects of writing a business plan with examples.
SBA: The Sections that Should be Included – with articles explaining what goes into each section.
Sequoia Capital: A simple business plan outline – from one of the top venture capitalists.
VA.Gov: Writing a business plan – some good worksheets to help work out costs etc.
HowToWriteABusinessPlan: Templates for financial forecasting – and a lot of other cool stuff.
Enloop: Free Business Plan Creator – walks you through the process step by step and then spits out your plan at the end.
Growthink: 20 Reasons why you need a business plan
WSJ: Why You Might Not Need a Business Plan Led by entrepreneur and professor Steve Blank there are those that argue that in today’s internet world a business plan can actually do more harm than good.
HBS: Great list of business plan links – From Harvard Business School.