
Business Planning
According to the Bureau of Labor Statistics 20% of small businesses fail in their first year, and 50% of small businesses fail in their fifth year [1]. A Business Plan is a documented plan for a business's goals, objectives, and the strategies for achieving them. Creating a business plan for your small business or idea is the foundation for ensuring long-term success.
Review each of the business planning resources below. At the end of the page you’ll find three types of business plans – identify which is right for you; or start with the Value Proposition template and build up from there with the 1-Page Business Plan template, and finally the Detailed Business Plan template.