8 min read
How to Write a Management Summary for Your Business Plan
Entrepreneurs are often celebrated for their uncanny ability to understand others – their customers, the market, and the ever-evolving global...
Bank/SBA Lending
7 min read
Going Beyond Writing: The Multifaceted Role of Business Plan Consultants
Most people think of a professional business plan company primarily as a "business plan writer." However, here at Masterplans, we choose to approach...
5 min read
How an Entrepreneur Can Decrease Risk
It's often said that it's not easy to turn a big ship, especially when it's in motion. After all, changing its course is a slow and deliberate...
8 min read
How Long Does It Take to Write A Business Plan? Well, It Depends.
You've been thinking about this for a decade. You are going to open the perfect coffee shop. You've worked at three different cafés in the last nine...
7 min read
How To Forecast Revenue for a Startup
Every business owner knows that a business plan or investor pitch would be incomplete without a comprehensive financial projection. This tool is used...
7 min read
Implementing Your Business Plan: A Marathon AND a Sprint
As a runner, I know the feeling of lacing up my shoes, stepping out the door, and hitting the pavement. It's not always easy. Some days, I'm full of...
7 min read
Understanding The Distinction Between a Business Plan & Business Planning
In the dynamic world of entrepreneurship, our choice of words matters. Our vocabulary can often become a veritable alphabet soup of jargon, acronyms,...
8 min read
Common Mistakes to Avoid When Writing a Business Plan
Crafting a business plan is a delicate balancing act. It demands a deep understanding of your market, a clear value proposition, realistic financial...
5 min read
The Role of Strategic and Tactical Business Planning
Every entrepreneur dreams of turning their vision into a successful reality. But, as many people have discovered, including myself, turning a dream...
5 min read
Why “Recession-Proof” Isn’t in the Entrepreneur’s Mindset
In recent months, the headlines have been dominated by concerning economic developments.
9 min read
Choosing the Right Option to Fund Your Startup Business
Starting and growing a business is a challenging process that demands much more than just a brilliant idea. In the world of business, it is a...
12 min read
Marketing for Startups: How to Make Your First Sale and Build Your Business
I may be showing my age in this era of tap-to-pay, but I remember when many businesses displayed a framed one-dollar bill on the wall. Perhaps you’ve...
6 min read
Using Customer Personas To Write A Better Business Plan
If you've ever seen a customer persona, you know they are very detailed and easy to understand at a glance.
10 min read
Find the Right Space at the Right Time: Selecting A Business Location
We’ve all heard the phrase: Location, location, location. Where you place your business is one of the most critical decisions you will make. If you...
5 min read
Writing a Solid Business Plan: Fundamentals and Principles
I’ve worked as a business plan writer since 2006, and it’s been a remarkably fun and fulfilling career for me. I get to see entrepreneurs of all...
5 min read
From Layoffs to Innovation: How Economic Downturns Spark New Business
It’s hard to go a day without hearing a report of another major corporation laying off workers. Layoffs are painful for everyone involved, especially...