Create Your Business Plan in Minutes

Type your business idea below.

Here

What Our Users Say

XZ

Zakariya A.

XZ

How it Works

Step 1

Questionnaire

Respond to a series of targeted questions about your business goals and objectives.

Step 1

AI Business Plan Generator

The engine analyzes your responses and generates a business plan tailored to your vision.

Step 1

SBA Approved Business Plan

Receive a detailed, tailored business plan that aligns with your requirements. Ready for funding.

WHO BENEFITS FROM Plannit?

Entrepreneurs

Aspiring Entrepreneurs

Analyze your ventures through extensive business plans aligned with your vision and goals.

Owners

Business Owners

Back your business with a solid plan that aligns with your vision and goals. Perfect for startups and small businesses.

Students

Educational Institutions

Develop your business understanding and vocabulary by analyzing your business idea and creating a plan.

Startups

Startups Accelerators

Work alongside your founders as they build their plan to ensure they have a solid roadmap for growth and scalability.

Try Plannit AI For Free

Funding ready business plan, executive summary, company overview.

Problem Statement

Business Description

Mission Statement

Business Model

Products and Services

Additional Features

Revenue Model

Market Analysis

Target Market

Market Size and Segments

Unique Value Proposition

Risks and Mitigations

Identified Risks

Mitigation Strategies

Financial Overview

Income Statement

Marketing and Sales Plan

Focus On Your Vision

Language support.

USA

Key Features & Benefits

Ai editing companion.

Modify and regenerate sections of your business plan using premade or custom prompts. Our AI will help you refine your plan to perfection.

Multi-User Collaboration

Invite team members with easy sharing to collaborate on your business plan in real-time. Communicate and make changes together. Collaborate with your partners in real-time as you perfect your plan.

Education Center

Immerse yourself in a rich library of articles, tools, templates, webinars and resources for continuous business and professional growth. Learn all about the key aspects of starting, running and growing a business.

Powered by Chat GPT

Our algorithms are powered the latest in AI technology to ensure the most accurate and relevant output. We use OpenAI's GPT 4 and 3.5 engines for the perfect blend of accuracy and speed.

Business Resources

We recommend a variety of useful tools and resurces that help sustain your growth. We only recommend the best in the business. Filter your needs and equip yourself with the best tools.

Your plan in your language. We offer a choice of over 150 worldwide languages to ensure the best fit for your business plan.

Financial Projections

Take an additional questionnaire about your financial trajectory and get a detailed financial projection + 3 year income statement for your business.

Tools and Templates

Plannit's comprehensive suite that accompany business planning. From pitch decks to financial models, we have you covered.

Plan Export

Download your business plan in an editable .docx format. Fully edit & share your plan with investors, partners, and stakeholders.

Privacy & Security

Rest assured, your privacy is our top priority, and we're committed to keeping your information safe and confidential.

PLANNIT BUSINESS ECOSYSTEM

Business Resources

Frequently Asked Questions (FAQ)

  • Initiate with Your Business Concept: Lay the Groundwork: Start by introducing your business idea into Plannit AI's Business Plan Generator. This first step is crucial, as it sets the tone for a tailored, insightful business plan that truly resonates with your vision. Capture the Essence: Our platform is designed to grasp the nuances of your concept, ensuring that the generated plan accurately reflects the core and potential of your business.
  • Navigate Through the AI-Guided Questionnaire: Tailored Interactive Experience: Plannit AI’s AI-guided questionnaire is your interactive guide through the planning process. It meticulously gathers information about your business's objectives, strategies, and market positioning, ensuring a comprehensive and reflective plan. Intelligent Feedback and Suggestions: As you progress through the questionnaire, benefit from smart prompts and suggestions, ensuring that your plan is not just detailed but also strategically sound and aligned with industry standards.
  • Generate Your Plan with Advanced AI: Intuitive Plan Creation: With the questionnaire complete, Plannit AI's advanced algorithms intelligently analyze your responses. They then craft a detailed, customizable, and strategically aligned business plan, providing you with a structured, coherent, and actionable format. Benefit from AI-Powered Insights: Plannit AI offers AI-driven insights and suggestions, ensuring your plan is not just a document but a strategic tool equipped with tailored AI prompts and an in-app plan editor. Get inspired by browsing through our sample business plans, a collection of successful strategies across various industries.
  • Finalize Your Plan with Confidence: Dynamic Adaptation and Refinement: Plannit AI recognizes that a business plan is a living document. Our platform allows for continuous adaptation and refinement, ensuring your strategy remains agile, relevant, and aligned with your evolving business goals. Professional Presentation and Sharing: Once your plan meets your standards, utilize Plannit AI's export features to present your plan professionally. Choose between various formats for exporting your business plan, ready to impress stakeholders, attract investors, or guide your team. Review and Adapt: Ensure your business plan is a living document, ready to evolve with your growing business. Plannit AI's dynamic platform allows you to adapt your strategy as new opportunities or challenges arise.
  • Roadmap for Success: At its core, a business plan acts as a strategic guide, providing detailed steps on how your business will achieve its objectives. It helps you navigate the startup phase, manage growth effectively, and tackle unforeseen challenges with a well-thought-out strategy.
  • Securing Funding: For startups and businesses looking to expand, a business plan is crucial for securing loans or attracting investors. It demonstrates to potential financial backers that your business has a clear vision, a solid strategy for profitability, and a plan for delivering returns on their investment.
  • Informed Decision-Making: A well-prepared business plan offers valuable insights into your market, competition, and potential challenges. This information is vital for making informed decisions, from day-to-day operations to long-term strategic shifts.
  • Market Analysis and Strategy: It allows you to conduct an in-depth analysis of your target market, understand customer needs, and position your product or service effectively. The marketing strategy outlined in your business plan helps in identifying the best channels and tactics to reach your audience and achieve market penetration.
  • Financial Planning: One of the most critical components of a business plan is the financial forecast. It outlines your funding requirements, expected revenue, profit margins, and cash flow projections. This section is essential for budgeting, financial management, and ensuring the financial viability of your business.
  • Goal Setting and Performance Measurement: A business plan sets clear, measurable goals and objectives. It provides a framework for monitoring performance, measuring success, and making necessary adjustments to stay on track.
  • Aspiring Entrepreneurs: If you're at the idea stage, looking to transform your vision into a viable business, Plannit AI offers the tools and guidance to bring your concept to life. Our platform helps you articulate your business idea, define your target market, and develop a solid plan to turn your dream into reality.
  • Students and Educators: For students delving into the intricacies of business planning and educators teaching the fundamentals of entrepreneurship, Plannit AI serves as an invaluable resource. It provides a practical, hands-on tool for learning and teaching how to create detailed business plans, analyze markets, and understand financials in a real-world context.
  • Startup Founders: In the dynamic startup environment, Plannit AI is the ideal partner for founders looking to pivot quickly, secure funding, or understand their competitive landscape. With our AI-driven insights and market analysis tools, startups can make informed decisions and adapt their strategies to thrive in competitive markets.
  • Small Business Owners: For small business owners seeking to optimize their operations, expand their customer base, or explore new markets, Plannit AI offers targeted solutions. Our platform simplifies the planning process, enabling owners to focus on growth while managing the day-to-day challenges of running their business.
  • Consultants and Freelancers: Consultants and freelancers specializing in business development, strategic planning, or financial advising will find Plannit AI a powerful addition to their toolkit. It allows them to provide clients with comprehensive, data-driven business plans and strategies, enhancing the value of their services.
  • Non-Profit Organizations: Leaders of non-profit organizations can leverage Plannit AI to plan initiatives, secure funding, and manage resources more efficiently. Our platform helps non-profits articulate their mission, set achievable goals, and measure their impact, ensuring they can make a difference in their communities.
  • Innovators and Inventors: Individuals looking to commercialize innovative products or technologies can use Plannit AI to navigate the complexities of bringing new ideas to market. From patent strategies to go-to-market plans, our platform covers all bases, ensuring innovators can focus on what they do best.
  • Small Business Development Centers (SBDCs) and Government Agencies: Government and SBA backed entities can greatly benefit from integrating Plannit AI into their services, enhancing their ability to support a larger number of clients more efficiently. By facilitating quicker, more in-depth business plan development, these organizations can spend more time assisting with plan execution and less time on creation, ultimately serving their communities more effectively.
  • Anyone with a Business Idea: Ultimately, Plannit AI is for anyone with a business idea, regardless of industry, experience, or stage of business development. Our mission is to democratize business planning, making it accessible, understandable, and actionable for everyone.
  • Interactive Questionnaire and ChatGPT Integration: Plannit AI transforms the business planning process into an engaging conversation. Through our advanced ChatGPT integration, we offer a questionnaire that dynamically adapts to your responses, ensuring your plan is personalized, comprehensive, and aligned with your business goals.
  • Dynamic Planning Environment: Unlike static templates provided by many, Plannit AI introduces a living platform that grows with your business. It features real-time updates, strategic insights, and a feedback mechanism that keeps your business plan current and actionable.
  • Extensive Educational Resources: Our Education Center is packed with articles, guides, and sample plans to bolster your planning process. It's designed to arm you with the knowledge to navigate the complexities of your industry confidently.
  • Enhanced Collaboration and Customization: Recognizing the collaborative essence of business planning, Plannit AI supports team efforts with multi-user editing, annotations, and feedback features, ensuring a comprehensive approach to your strategy.
  • Customer Success Stories: Our users' achievements are a testament to Plannit AI's effectiveness. These success stories illustrate how diverse businesses have utilized our platform for strategic planning and growth.
  • Tailored Business Plan Creation: Our platform stands out with its tailored approach, featuring customizable templates that directly cater to your business type and industry, making plan creation straightforward and relevant.
  • Content Generation:: ChatGPT helps draft various sections of a business plan, from executive summaries to marketing strategies, by providing structured and coherent text based on the prompts given.
  • Strategic Insights: It can offer suggestions on business strategies by analyzing trends and providing examples from a wide range of industries.
  • Financial Planning: While it can't replace professional financial advice, ChatGPT can guide the structure of financial projections and statements, helping you consider important financial aspects of your plan.

Take The First Step Towards Success With our AI-Generated Business Plans

business plan online

Finish YOUR Business Plan in Minutes with PlanBuildr!

Takes Less Than 10 Minutes to Complete!

Created by the World's Leading Business Plan Expert!

Will Improve Your Business Strategy and Allow You to Raise Funding!

Pamela G

By signing up, you agree to our Terms , Data Policy and Cookies Policy .

We use essential cookies to make Venngage work. By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

Manage Cookies

Cookies and similar technologies collect certain information about how you’re using our website. Some of them are essential, and without them you wouldn’t be able to use Venngage. But others are optional, and you get to choose whether we use them or not.

Strictly Necessary Cookies

These cookies are always on, as they’re essential for making Venngage work, and making it safe. Without these cookies, services you’ve asked for can’t be provided.

Show cookie providers

  • Google Login

Functionality Cookies

These cookies help us provide enhanced functionality and personalisation, and remember your settings. They may be set by us or by third party providers.

Performance Cookies

These cookies help us analyze how many people are using Venngage, where they come from and how they're using it. If you opt out of these cookies, we can’t get feedback to make Venngage better for you and all our users.

  • Google Analytics

Targeting Cookies

These cookies are set by our advertising partners to track your activity and show you relevant Venngage ads on other sites as you browse the internet.

  • Google Tag Manager

Free Online Business Plan Maker

Create a compelling and convincing business plan online with Venngage. Templates available for your every need, whether it's business plans, financial plans, marketing plans, and more.

business plan online

Not a designer? No problem. With our easy-to-edit templates and online business plan generator, anyone can create a professional business plan for free. Over 40,000 businesses already use and trust Venngage.

Design from one of our business plan templates

Choose from hundreds of business plan templates. see all business plan templates, launch a profitable business with a visually engaging business plan.

business plan online

Your business is unique and impactful — so should your business plan. Make sure the plan you share with investors, lenders, and other stakeholders is not only packed with key data and information but visually engaging too.

business plan online

Looking to make your business plan stand out from the pack? Venngage's unique business plan templates add serious style to your ideas. Venngage's Business Plan Builder is a fraction of the cost of hiring a writer — you can even try creating a business plan for free.

business plan online

Whether you're looking for a traditional business plan format or something more creative, Venngage's easy-to-edit business plan templates let anyone design business plans. No experience required. Free business plan templates available.

business plan online

Nothing's better to convince your stakeholders than some sweet data that speaks volume. Engage and persuade your investors by visualizing your business plan data with Venngage's unique charts, graphs and diagrams.

Create a winning business plan with Venngage in 5 steps:

Create a winning business plan with Venngage in 5 steps:

Design an unforgettable and convincing business plan today:

business plan online

Business Plan Templates

Save money and hours of design time with Venngage's easy-to-edit templates and free business plan generator. Free online business plan templates available.

business plan online

Easy-to-Use Editor

Venngage's online business plan builder is intuitive to use. The drag-and-drop editor means faster and better designs even when you don't have design experience.

business plan online

Download Business Plans

Download your document with one click as an image (PNG), PDF, Interactive PDF or PowerPoint file. Add it to your Google Docs or Slides, Word doc or existing PowerPoint slides (paid plans only).

Visualize Business Plan Data

Visualize Business Plan Data

Persuade your stakeholders and tell a story with your business plan data through charts, graphs, maps and diagrams. Copy and paste your data or upload it in a .csv file in one click.

Brand Your Business Plans

Brand Your Business Plans

Use Venngage's My Brand Kit to automatically import your brand identity. Then, add your brand colors and fonts to any business plan designs with one click.

Collaborate In Real Time

Collaborate In Real Time

Collaborate with your whole team with Venngage's real-time collaboration. Leave helpful feedback through comments and create impactful business plans.

business plan online

Easy-to-edit professional business plan templates

  • Our team of professional designers have created a collection of unique, online business plan templates that anyone can customize. Pick a simple template, add your text and data and you're done.
  • Or choose a more creative template and play around with the fonts, photos, icons, colors, and more.
  • Whatever the case, Venngage's drag-and-drop free business plan generator lets anyone create a beautiful, professional business plan without any design experience.
  • Share a public link for free from our online business plan creator. Don't worry. You can go back and edit your design at any time.

One-click branding with My Brand Kit

One-click branding with My Brand Kit

Show off important metrics with professional data visualizations

Collaborate with your whole team throughout the design process.

Collaborate with your whole team throughout the design process

Business Plan Maker FAQs

How much does venngage's business plan builder cost.

Anyone can make a business plan for free and share a link to their work. Our Premium ($19/month) and Business ($49/month) plans include premium, professional business plan templates and features, plus access to multiple download formats.

How can I write my own business plan?

Your business plan can include these sections: executive summary, company description, market analysis, organization management, service/product line, marketing & sales, funding requests, financial projections, etc. Add sections to your business plan as you see fit — depending on the kind of plan you're creating. No matter the type of business plans you're making, Venngage has a template for that.

Can I download my business plan?

Yes! You can download your business plan in PNG, PDF, Interactive PDF, or PowerPoint formats (paid plans only). It's free to share a public link. It's also free to create an account and test out our online business plan maker with a free business plan template.

Wow your clients and investors at first sight — Create a convincing and winning business plan with Venngage's online business plan generator

business plan online

Popular business plan templates you can edit right away

Nonprofit organization business plan template, business operational plan template, real estate investment business plan template, business continuity and disaster recovery plan template.

🎉 Celebrate Small Business Month:

25% Off Annual Plans! SAVE NOW

Honoring Pride Month

What stage is your business at?

Tell us and we’ll match you with a special LivePlan discount:

New Business Idea

Startup Phase

Established Business

Enter your email address to unlock it.

Please enter a valid email address

We care about your privacy. See our Privacy Policy .

LivePlan Video Tour

Invite your teammates.

LivePlan Features

Tools for every stage of business growth

People smiling while working in a coffee shop

Plan your business

Grow your business, collaborate & share, business plan builder, human support, ai-powered liveplan assistant, automatic financials, sales forecasting, one-page plan builder, 550+ samples & examples, milestone scheduling, expert guidance.

How We're Different

More than business plan software

LivePlan isn't just a tool to easily create a business pitch, plan, and financials — it's a comprehensive business planning system to help you plan, fund, and grow.

Growth Planning

Financial forecasts & scenarios, budgeting & financial performance, cash flow forecasting, performance dashboard, quickbooks & xero integration, industry benchmarks, work with partners, access anywhere, create unlimited plans, multilingual plans, multiple export options, professional documents, share securely, try liveplan today.

Totally risk free. 35-day money-back guarantee.

Free Business Plan Generator

Do you still spend hours writing and creating a business plan? Not after today. Upmetrics’ free business plan generator simplifies writing a business plan and helps you create a comprehensive and compelling lean plan in seconds.

Sounds exciting? Let’s learn more about getting started with our free business plan generator and using it to draft your plan.

Using Upmetrics’ Free Business Plan Generator

Need help using the free business plan generator? Follow these step-by-step instructions to create a business plan using the free generator in no time.

Creating a business plan requires filling in 4 critical fields—company overview, marketing details, competitor information, and financial overview. Let’s start with the first.

1. Enter the Company Overview

Provide a company overview in approximately 3-4 sentences, including your business’s name, service offerings, USPs, mission, goals, and target market. Here’s an example for you:

2. Add Marketing Details

The next step—provide marketing details. Start by answering how your business plans to attract new customers and what you want to achieve with your business.

You may also include details about your marketing budget and preferred marketing channels. Here’s an example for your reference:

“i.e. We will attract customers through a strong online presence, social media marketing, and in-store promotions. Offering loyalty programs and hosting community biking events will help build a loyal customer base.”

3. Enter Competitor Information

After adding the marketing details, provide the name of your primary competitor(s) and explain how you are distinct from your competitors.

Describe whether your offerings have any competitive advantages or differentiators. Here’s how it can be done:

“i.e. Our primary competitor is ‘Wheels & Gears,’ but what sets us apart is our personalized customer service and expert bike repair services. We also differentiate ourselves by focusing on eco-friendly and sustainable products.”

4. Provide Financial Overview

Finally,—provide an overview of your business financials. Include what your startup costs are, what your financial strategy would be, and your first-year sales.

We are creating a lean business plan, so it may not require a detailed description of your business financials. Here’s an example for your understanding:

“i.e. Our expected business costs are $87,000 and that includes rent, inventory, equipment, and staff salaries. Our financial strategy is to minimize overhead costs and optimize inventory turnover. We project annual sales to reach $500,000 in the first year.”

5. Click on Generate a Business Plan

You’ve filled in all the necessary fields. It’s time to click “Generate a Business Plan” and see it yourself.

Your lean business plan is ready; you may make a few changes and go ahead with it or choose an AI business plan generator for comprehensive planning.

Make detailed business & financial plans in minutes with

Upmetrics’ AI Business Plan Generator

Plans starting from $7/month

business plan online

Business Plan Example that will Inspire You

We created this sample CycleWave business plan using Upmetrics’ free generator. Remember, it’s your first draft—you can always go back and re-generate or edit it later.

CycleWave Business Plan

Introduction

Welcome to the business plan for CycleWave, a bicycle retail and repair shop dedicated to providing high-quality bikes and expert maintenance services. Our mission is to promote a healthier and more sustainable lifestyle through cycling while offering exceptional customer service.

Market Overview

The cycling industry is experiencing significant growth, driven by increasing interest in health, sustainability, and alternative transportation methods.

The target market includes cycling enthusiasts, commuters, and local community members.

Strong market potential due to growing awareness of the need for eco-friendly and sustainable products.

Competitive Analysis

Primary competitor: Wheels & Gears.

Differentiation factors

  • Personalized customer service
  • Expertise in bike repair services
  • Focus on eco-friendly and sustainable products.

Highlight the advantages of our unique offerings to attract customers away from competitors.

Marketing Plan

Utilize a solid online presence through a professional website to showcase our products, services, and promotions. Implement social media marketing strategies to engage with customers and build brand awareness.

Host community biking events to foster a sense of belonging and attract potential customers. Offer loyalty programs to incentivize repeat business and build a loyal customer base.

Operational Plan

Secure a suitable retail location with ample space for displaying bicycles and providing repair services. Employ knowledgeable staff with expertise in bike repair and customer service.

Create efficient processes for inventory management and maintenance repairs to ensure fast turnaround times. Maintain an attractive and organized store layout to enhance the customer experience.

Financial Plan

Our expected business costs are $87,000, allocated as follows:

  • Rent: $30,000
  • Inventory: $40,000
  • Equipment: $10,000
  • Staff Salaries: $7,000

We project annual sales to reach $500,000 in the first year, allowing us to gradually cover expenses and increase profitability.

Conclusion and Call to Action

In conclusion, CycleWave aims to thrive in the bicycle retail and repair industry by offering high-quality bikes, expert maintenance services, personalized customer care, and eco-friendly products. Join us in promoting a healthier and more sustainable lifestyle through cycling.

If you want to support our mission and become part of our cycling community, please contact us or visit our store today!

Upgrade to Make Comprehensive Plans in Minutes

Upmetrics’ free business plan generator is undoubtedly a better way to business plan. However, you may need an upgrade to create a comprehensive, investment-ready plan.

AI business plan generator like Upmetrics make business plan creation a breeze with their modern AI-powered features.

AI writing assistant helps you write, rewrite, edit, or translate sections of your plan, while the forecasting assistant provides revenue and expense stream suggestions for accurate projections.

You also get to access the massive library of 400+ sample business plans . So, all you need to do is export a template into the editor and start preparing your plan with AI .

What are you waiting for? Business planning starts @ $7 per month.

Build your Business Plan Faster

with step-by-step Guidance & AI Assistance.

crossline

Frequently Asked Questions

What is a free business plan generator.

The free business plan generator is a free-to-use version of Upmetrics’ business plan software. It uses AI-powered features to help users create a business plan. Since it can only create a lean business plan, you need Upmetrics’ advanced features for detailed planning.

Is it really free to use?

Yes, Upmetrics’ free business plan generator is 100% free to use, but the features that come with it are also limited. So, you may consider getting a premium subscription for advanced business planning features.

What information will I need to provide to use the tool?

You must fill in the necessary details to create a business plan using the free generator. The information required may include a company overview, marketing details, competitor information, and a financial overview.

What type of businesses should use your free business plan tool?

Startups and small businesses starting up or operating on tight budgets should consider getting a free business planning tool to create a lean business plan.

Is there a limit to how many plans I can create with your software?

No. As of now, there’s no limit to the number of business plans you can create using Upmetrics’ free business plan generator.

Is a sample plan as useful as creating my own custom version?

Using a sample business plan or template is one of the easiest ways to create your business plan. All you need to do is export a template into the editor and start preparing your plan with AI.

The Quickest Way to turn a Business Idea into a Business Plan

Fill-in-the-blanks and automatic financials make it easy.

crossline

feedough logo

  • Business Guides
  • Digital Marketing Guides
  • How To Guides
  • Human Resource Guides
  • Hustle Guides
  • Marketing & Sales Guides
  • Startup Guides
  • Brand Competitors
  • Brand Failure
  • Brand History
  • Brand Statistics
  • Business Models
  • Business Strategies
  • Startup Essentials
  • Marketing Essentials
  • Branding Essentials
  • Management Essentials
  • Crypto Essentials
  • Development Essentials
  • Product Management
  • Project Management
  • Sales Essentials
  • Software Reviews
  • Startup Discovery – Noteworthy Startups
  • Startup Ideas
  • Startup Process
  • Startup Resources
  • Startup Courses
  • AI Prompt Generator
  • Business Idea Generator
  • Startup Cost Calculator
  • Slogan Generator (AI-Powered)
  • ChatGPT Prompt Generator
  • Midjourney Prompt Generator
  • Stable Diffusion Prompt Generator
  • Elevator Pitch Generator
  • Free Startup Ideas

🤖 Free Business Plan Generator (AI-Powered)

Starting a business is an exciting journey, filled with aspirations and ambitions, yet crafting a solid business plan can sometimes feel like navigating through a dense fog. The AI-Powered Business Plan Generator shines a light on this path, offering a straightforward way to outline your vision, strategies, and financial forecasts. By providing customized, coherent business plans, this tool assists in laying down the foundation of your entrepreneurial dream, ensuring every aspect is addressed. It simplifies the planning process, enabling you to focus on bringing your business idea to life with confidence and clarity.

Writing a business plan can often feel like navigating through a dense forest without a map. You know your destination—securing investment, defining your business strategy, or setting clear objectives—but the path isn't always clear. Enter the AI-powered business plan generator, a tool designed to illuminate the way forward. This guide will walk you through the essentials of crafting a comprehensive business plan, touching upon the traditional elements that captivate stakeholders. In the final stretch, we'll introduce how an AI-powered business plan generator can streamline this process, making it more accessible and less time-consuming.

How to create a Business Plan

Now that you're familiar with the executive summary, let's tackle how you can create the rest of your business plan.

You can start manually by outlining your plan's structure and filling in the details step by step, or opt for a business plan generator to streamline the process.

Either method requires careful consideration of each section to ensure your plan is thorough and compelling.

Manual Methods for creating a Business Plan

You'll start with the Executive Summary, distilling your business idea into a compelling snapshot that captures attention.

Next, you'll outline your Company Overview, providing a clear picture of who you are and what you stand for.

Then, lay out your Business Objectives, Products and Services, and your Market Analysis Approach to build a solid foundation for your plan.

Executive Summary Essentials

Although it's often crafted last, the Executive Summary stands as the crucial opener of your business plan. It distills key aspects such as your mission, product highlights, and financial ambitions for quick investor insight. It encapsulates your company's essence for investors and maps out the business plan development milestones.

Ensure it crisply outlines your executive summary, underscoring the company's financial goals. This will help capture investors' attention right off the bat.

Company Overview

Begin your company overview by detailing your business's foundational elements, including its name, location, and the team driving its operations.

Here's what to include:

  • A clear description of your business structure and ownership.
  • The mission statement that defines your business's purpose.
  • An outline of the products or services you offer.
  • Background information that paints a picture of your company's history and objectives.

Business Objectives

To set your business on the path to success, start by defining clear and measurable objectives that reflect both your immediate and long-term aspirations.

Align your business objectives with strategic objectives to meet financial goals.

Conduct market research to fine-tune your target market strategies .

Ensure company goals are realistic and adaptable, setting a course for growth and market competitiveness.

Regular updates keep your plan relevant.

Products and Services

After setting clear business objectives, focus on articulating the core of your offering by detailing the products and services your business provides. Your description should also include:

  • Unique features and benefits of each product or service.
  • Specific products' competitive advantages.
  • Your strategy for sales, distribution, and supply chain.
  • Trademarks and market placement for your products and services.

Market Analysis Approach

A thorough market analysis is crucial for your business plan as it reveals the dynamics within your target market and guides your competitive strategy .

You'll identify potential customers, understand established market trends, and analyze how competitors differentiate themselves.

This knowledge shapes your sales plan and informs your marketing and sales efforts, highlighting opportunities in an otherwise crowded marketplace and showcasing your grasp of the competitive landscape.

Marketing and Sales Strategies

Crafting a marketing and sales strategy requires precise identification of your target customers to ensure your message resonates and spurs action. Here's how to proceed:

  • Define your target market for the new product.
  • Develop a pricing and sales channel approach.
  • Design a marketing plan with promotional tactics.
  • Analyze market trends to refine your strategy.

Stay focused on meeting customer needs and differentiating from competitors.

Financial Analysis and Projections

Diving into the financials, you'll need to gather historical data and conduct a thorough analysis of revenue streams , costs, and profit margins to inform your projections for the next three to five years.

Your financial plan hinges on these insights.

Operations Plan

To ensure your business runs like a well-oiled machine, start by mapping out your key operational processes and procedures. Your operations plan is a vital section of your business plan. Here's what to include:

  • Outline technology's role in business operations.
  • Develop a comprehensive staffing plan.
  • Establish a robust inventory management system.
  • Implement quality control measures to provide additional assurance of product or service excellence.

Funding Requirements

Having established the operational foundations of your business, let's now focus on determining the capital necessary to fuel your growth and operational needs.

Outline your funding requirements by presenting clear financial data, including projected income, balance sheets, and cash flows.

You'll need this to secure funding from venture capital firms or potential investors, ensuring they grasp how their capital will propel your business towards its targets.

Appendices and Exhibits

When crafting your business plan, don't overlook the appendices and exhibits; these sections provide the substantiating details that reinforce your proposal's integrity. Include:

Documents that outline key personnel qualifications and experience.

Details on intellectual property, such as patents.

Additional information for financial institutions, like credit histories.

Contracts, leases, or other legal documents relevant to your business.

Using a Business Plan Generator

You might wonder why you'd use a Business Plan Generator—these tools streamline the planning process, making it easier for you to focus on the core aspects of your strategy.

To get started, you'll follow a series of steps that help structure your executive summary, goals, and market analysis within a proven framework.

The benefits are clear: using a generator can save you time and provide you with a professional, investor-ready plan.

Steps to use the Business Plan Generator

To create a business plan using a generator, start by selecting a template that aligns with your industry and business type.

Here are the steps to use a business plan generator:

  • Identify Your Business Details : Start by providing the name of your business and the industry it operates in. This foundational step sets the stage for the tailored guidance the generator can offer.
  • Describe Your Offerings : Clearly articulate what products or services your business sells or offers. This will help the generator understand the value proposition of your business.
  • Define Your Target Audience : Specify who your ideal customers are, including demographic information. Understanding your target audience is crucial for creating a focused and effective business plan.
  • Outline Your Marketing Plan : Detail your strategies for promoting your business. This includes how you plan to reach your target audience and differentiate yourself from competitors.
  • Detail Your Operational Strategy : Explain how your business will operate on a day-to-day basis. Include information on your supply chain, logistics, and any other operational details.
  • Provide Financial Information : Input how much money you need to start your business and project how much revenue it will generate. This financial planning is critical for assessing the feasibility of your business idea.
  • Set Business Objectives : List what you aim to achieve with your business in the short term and the long term. These goals will guide the direction of your business strategy.
  • Click on Generate : After entering all the necessary information, click the "generate" button to create your personalised business plan. This plan will be tailored to the specifics of your business, providing a roadmap for success.

Benefits of using a Business Plan Generator

Harnessing a business plan generator can significantly streamline the process, saving you both time and effort as you craft a detailed blueprint for your venture.

Here are the benefits:

  • Provides a structured framework to write a business plan efficiently.
  • Helps identify opportunities in new markets.
  • Enhances financial literacy through budgeting and forecasting tools.
  • Clarifies business objectives, aiding in communication with stakeholders.

Tips for Creating a Business Plan

When crafting your business plan these tips collectively form a comprehensive business plan, providing a roadmap for your business and presenting a compelling case to investors and lenders.

Here are the tips for creating a business plan:

  • Articulate your mission and vision succinctly.
  • Outline your offerings and financial ambitions.
  • Provide a snapshot of your business's financial health and market potential.
  • Clarify the business structure ( sole proprietorship , partnership, corporation).
  • Highlight ownership details.
  • Showcase key employees, emphasizing their expertise.
  • Define short- and long-term goals for your business.
  • Align goals with your strategic direction.
  • Establish a direct link between financing needs and future growth.
  • Describe your offerings and emphasize how they meet market needs.
  • Support claims with market research.
  • Demonstrate a thorough understanding of your competition.

Get 3 New Researched Business Ideas Every Wednesday

Along with other startup-oriented knowledge.

startups

550+ Free Sample Business Plans

550+ Business Plan Examples to Launch Your Business

550+ Free Sample Business Plans

Need help writing your business plan? Explore over 550 industry-specific business plan examples for inspiration.

Find your business plan example

Accounting, Insurance & Compliance

Accounting, Insurance & Compliance Business Plans

  • View All 25

Children & Pets

Children & Pets Business Plans

  • Children's Education & Recreation
  • View All 33

Cleaning, Repairs & Maintenance

Cleaning, Repairs & Maintenance Business Plans

  • Auto Detail & Repair
  • Cleaning Products
  • View All 39

Clothing & Fashion Brand

Clothing & Fashion Brand Business Plans

  • Clothing & Fashion Design
  • View All 26

Construction, Architecture & Engineering

Construction, Architecture & Engineering Business Plans

  • Architecture
  • Construction
  • View All 46

Consulting, Advertising & Marketing

Consulting, Advertising & Marketing Business Plans

  • Advertising
  • View All 54

Education

Education Business Plans

  • Education Consulting
  • Education Products

Business plan template: There's an easier way to get your business plan done.

Entertainment & Recreation

Entertainment & Recreation Business Plans

  • Entertainment
  • Film & Television
  • View All 60

Events

Events Business Plans

  • Event Planning
  • View All 17

Farm & Agriculture

Farm & Agriculture Business Plans

  • Agri-tourism
  • Agriculture Consulting
  • View All 16

Finance & Investing

Finance & Investing Business Plans

  • Financial Planning
  • View All 10

Fine Art & Crafts

Fine Art & Crafts Business Plans

Fitness & Beauty

Fitness & Beauty Business Plans

  • Salon & Spa
  • View All 36

Food and Beverage

Food and Beverage Business Plans

  • Bar & Brewery
  • View All 77

Hotel & Lodging

Hotel & Lodging Business Plans

  • Bed and Breakfast

Brought to you by

LivePlan Logo

Create a professional business plan

Using ai and step-by-step instructions.

Secure funding

Validate ideas

Build a strategy

IT, Staffing & Customer Service

IT, Staffing & Customer Service Business Plans

  • Administrative Services
  • Customer Service
  • View All 22

Manufacturing & Wholesale

Manufacturing & Wholesale Business Plans

  • Cleaning & Cosmetics Manufacturing
  • View All 68

Medical & Health

Medical & Health Business Plans

  • Dental Practice
  • Health Administration
  • View All 41

Nonprofit

Nonprofit Business Plans

  • Co-op Nonprofit
  • Food & Housing Nonprofit
  • View All 13

Real Estate & Rentals

Real Estate & Rentals Business Plans

  • Equipment Rental

Retail & Ecommerce

Retail & Ecommerce Business Plans

  • Car Dealership
  • View All 116

Technology

Technology Business Plans

  • Apps & Software
  • Communication Technology

Transportation, Travel & Logistics

Transportation, Travel & Logistics Business Plans

  • Airline, Taxi & Shuttle
  • View All 62

View all sample business plans

Example business plan format

Before you start exploring our library of business plan examples, it's worth taking the time to understand the traditional business plan format . You'll find that the plans in this library and most investor-approved business plans will include the following sections:

Executive summary

The executive summary is an overview of your business and your plans. It comes first in your plan and is ideally only one to two pages. You should also plan to write this section last after you've written your full business plan.

Your executive summary should include a summary of the problem you are solving, a description of your product or service, an overview of your target market, a brief description of your team, a summary of your financials, and your funding requirements (if you are raising money).

Products & services

The products & services chapter of your business plan is where the real meat of your plan lives. It includes information about the problem that you're solving, your solution, and any traction that proves that it truly meets the need you identified.

This is your chance to explain why you're in business and that people care about what you offer. It needs to go beyond a simple product or service description and get to the heart of why your business works and benefits your customers.

Market analysis

Conducting a market analysis ensures that you fully understand the market that you're entering and who you'll be selling to. This section is where you will showcase all of the information about your potential customers. You'll cover your target market as well as information about the growth of your market and your industry. Focus on outlining why the market you're entering is viable and creating a realistic persona for your ideal customer base.

Competition

Part of defining your opportunity is determining what your competitive advantage may be. To do this effectively you need to get to know your competitors just as well as your target customers. Every business will have competition, if you don't then you're either in a very young industry or there's a good reason no one is pursuing this specific venture.

To succeed, you want to be sure you know who your competitors are, how they operate, necessary financial benchmarks, and how you're business will be positioned. Start by identifying who your competitors are or will be during your market research. Then leverage competitive analysis tools like the competitive matrix and positioning map to solidify where your business stands in relation to the competition.

Marketing & sales

The marketing and sales plan section of your business plan details how you plan to reach your target market segments. You'll address how you plan on selling to those target markets, what your pricing plan is, and what types of activities and partnerships you need to make your business a success.

The operations section covers the day-to-day workflows for your business to deliver your product or service. What's included here fully depends on the type of business. Typically you can expect to add details on your business location, sourcing and fulfillment, use of technology, and any partnerships or agreements that are in place.

Milestones & metrics

The milestones section is where you lay out strategic milestones to reach your business goals.

A good milestone clearly lays out the parameters of the task at hand and sets expectations for its execution. You'll want to include a description of the task, a proposed due date, who is responsible, and eventually a budget that's attached. You don't need extensive project planning in this section, just key milestones that you want to hit and when you plan to hit them.

You should also discuss key metrics, which are the numbers you will track to determine your success. Some common data points worth tracking include conversion rates, customer acquisition costs, profit, etc.

Company & team

Use this section to describe your current team and who you need to hire. If you intend to pursue funding, you'll need to highlight the relevant experience of your team members. Basically, this is where you prove that this is the right team to successfully start and grow the business. You will also need to provide a quick overview of your legal structure and history if you're already up and running.

Financial projections

Your financial plan should include a sales and revenue forecast, profit and loss statement, cash flow statement, and a balance sheet. You may not have established financials of any kind at this stage. Not to worry, rather than getting all of the details ironed out, focus on making projections and strategic forecasts for your business. You can always update your financial statements as you begin operations and start bringing in actual accounting data.

Now, if you intend to pitch to investors or submit a loan application, you'll also need a "use of funds" report in this section. This outlines how you intend to leverage any funding for your business and how much you're looking to acquire. Like the rest of your financials, this can always be updated later on.

The appendix isn't a required element of your business plan. However, it is a useful place to add any charts, tables, definitions, legal notes, or other critical information that supports your plan. These are often lengthier or out-of-place information that simply didn't work naturally into the structure of your plan. You'll notice that in these business plan examples, the appendix mainly includes extended financial statements.

Types of business plans explained

While all business plans cover similar categories, the style and function fully depend on how you intend to use your plan. To get the most out of your plan, it's best to find a format that suits your needs. Here are a few common business plan types worth considering.

Traditional business plan

The tried-and-true traditional business plan is a formal document meant to be used for external purposes. Typically this is the type of plan you'll need when applying for funding or pitching to investors. It can also be used when training or hiring employees, working with vendors, or in any other situation where the full details of your business must be understood by another individual.

Business model canvas

The business model canvas is a one-page template designed to demystify the business planning process. It removes the need for a traditional, copy-heavy business plan, in favor of a single-page outline that can help you and outside parties better explore your business idea.

The structure ditches a linear format in favor of a cell-based template. It encourages you to build connections between every element of your business. It's faster to write out and update, and much easier for you, your team, and anyone else to visualize your business operations.

One-page business plan

The true middle ground between the business model canvas and a traditional business plan is the one-page business plan . This format is a simplified version of the traditional plan that focuses on the core aspects of your business.

By starting with a one-page plan , you give yourself a minimal document to build from. You'll typically stick with bullet points and single sentences making it much easier to elaborate or expand sections into a longer-form business plan.

Growth planning

Growth planning is more than a specific type of business plan. It's a methodology. It takes the simplicity and styling of the one-page business plan and turns it into a process for you to continuously plan, forecast, review, and refine based on your performance.

It holds all of the benefits of the single-page plan, including the potential to complete it in as little as 27 minutes . However, it's even easier to convert into a more detailed plan thanks to how heavily it's tied to your financials. The overall goal of growth planning isn't to just produce documents that you use once and shelve. Instead, the growth planning process helps you build a healthier company that thrives in times of growth and remain stable through times of crisis.

It's faster, keeps your plan concise, and ensures that your plan is always up-to-date.

Download a free sample business plan template

Ready to start writing your own plan but aren't sure where to start? Download our free business plan template that's been updated for 2024.

This simple, modern, investor-approved business plan template is designed to make planning easy. It's a proven format that has helped over 1 million businesses write business plans for bank loans, funding pitches, business expansion, and even business sales. It includes additional instructions for how to write each section and is formatted to be SBA-lender approved. All you need to do is fill in the blanks.

How to use an example business plan to help you write your own

Wistia video thumbnail for video id e929pxw2b2

How do you know what elements need to be included in your business plan, especially if you've never written one before? Looking at examples can help you visualize what a full, traditional plan looks like, so you know what you're aiming for before you get started. Here's how to get the most out of a sample business plan.

Choose a business plan example from a similar type of company

You don't need to find an example business plan that's an exact fit for your business. Your business location, target market, and even your particular product or service may not match up exactly with the plans in our gallery. But, you don't need an exact match for it to be helpful. Instead, look for a plan that's related to the type of business you're starting.

For example, if you want to start a vegetarian restaurant, a plan for a steakhouse can be a great match. While the specifics of your actual startup will differ, the elements you'd want to include in your restaurant's business plan are likely to be very similar.

Use a business plan example as a guide

Every startup and small business is unique, so you'll want to avoid copying an example business plan word for word. It just won't be as helpful, since each business is unique. You want your plan to be a useful tool for starting a business —and getting funding if you need it.

One of the key benefits of writing a business plan is simply going through the process. When you sit down to write, you'll naturally think through important pieces, like your startup costs, your target market , and any market analysis or research you'll need to do to be successful.

You'll also look at where you stand among your competition (and everyone has competition), and lay out your goals and the milestones you'll need to meet. Looking at an example business plan's financials section can be helpful because you can see what should be included, but take them with a grain of salt. Don't assume that financial projections for a sample company will fit your own small business.

If you're looking for more resources to help you get started, our business planning guide is a good place to start. You can also download our free business plan template .

Think of business planning as a process, instead of a document

Think about business planning as something you do often , rather than a document you create once and never look at again. If you take the time to write a plan that really fits your own company, it will be a better, more useful tool to grow your business. It should also make it easier to share your vision and strategy so everyone on your team is on the same page.

Adjust your plan regularly to use it as a business management tool

Keep in mind that businesses that use their plan as a management tool to help run their business grow 30 percent faster than those businesses that don't. For that to be true for your company, you'll think of a part of your business planning process as tracking your actual results against your financial forecast on a regular basis.

If things are going well, your plan will help you think about how you can re-invest in your business. If you find that you're not meeting goals, you might need to adjust your budgets or your sales forecast. Either way, tracking your progress compared to your plan can help you adjust quickly when you identify challenges and opportunities—it's one of the most powerful things you can do to grow your business.

Prepare to pitch your business

If you're planning to pitch your business to investors or seek out any funding, you'll need a pitch deck to accompany your business plan. A pitch deck is designed to inform people about your business. You want your pitch deck to be short and easy to follow, so it's best to keep your presentation under 20 slides.

Your pitch deck and pitch presentation are likely some of the first things that an investor will see to learn more about your company. So, you need to be informative and pique their interest. Luckily we have a round-up of real-world pitch deck examples used by successful startups that you can review and reference as you build your pitch.

For more resources, check out our full Business Pitch Guide .

Ready to get started?

Now that you know how to use an example business plan to help you write a plan for your business, it's time to find the right one.

Use the search bar below to get started and find the right match for your business idea.

Garrett's Bike Shop

The quickest way to turn a business idea into a business plan

Fill-in-the-blanks and automatic financials make it easy.

No thanks, I prefer writing 40-page documents.

LivePlan pitch example

Discover the world’s #1 plan building software

business plan online

  • Search Search Please fill out this field.

Market Research

Business planning, website development, product or service selection, marketing and promotion, is it a good idea to start an online business, can i start an online business with $100, what are different types of online marketing strategies, the bottom line.

  • Small Business
  • How to Start a Business

How to Start an Online Business: A Step-by-Step Guide

Crafting a Winning Business Plan: Setting Goals and Strategies

business plan online

Katie Miller is a consumer financial services expert. She worked for almost two decades as an executive, leading multi-billion dollar mortgage, credit card, and savings portfolios with operations worldwide and a unique focus on the consumer. Her mortgage expertise was honed post-2008 crisis as she implemented the significant changes resulting from Dodd-Frank required regulations.

business plan online

  • How to Start a Business: A Comprehensive Guide and Essential Steps
  • How to Do Market Research, Types, and Example
  • Marketing Strategy: What It Is, How It Works, How To Create One
  • Marketing in Business: Strategies and Types Explained
  • What Is a Marketing Plan? Types and How to Write One
  • Business Development: Definition, Strategies, Steps & Skills
  • Business Plan: What It Is, What's Included, and How to Write One
  • Small Business Development Center (SBDC): Meaning, Types, Impact
  • How to Write a Business Plan for a Loan
  • Business Startup Costs: It’s in the Details
  • Startup Capital Definition, Types, and Risks
  • Bootstrapping Definition, Strategies, and Pros/Cons
  • Crowdfunding: What It Is, How It Works, and Popular Websites
  • Starting a Business with No Money: How to Begin
  • A Comprehensive Guide to Establishing Business Credit
  • Equity Financing: What It Is, How It Works, Pros and Cons
  • Best Startup Business Loans
  • Sole Proprietorship: What It Is, Pros & Cons, and Differences From an LLC
  • Partnership: Definition, How It Works, Taxation, and Types
  • What is an LLC? Limited Liability Company Structure and Benefits Defined
  • Corporation: What It Is and How to Form One
  • Starting a Small Business: Your Complete How-to Guide
  • Starting an Online Business: A Step-by-Step Guide CURRENT ARTICLE
  • How to Start Your Own Bookkeeping Business: Essential Tips
  • How to Start a Successful Dropshipping Business: A Comprehensive Guide

Oscar Wong / Getty Images

If you want to get into the online business game, it’s a good time to start. The COVID-19 pandemic reshaped online consumer spending, including how people shop online and how they research products.

Today, 76% of Americans buy products online. Furthermore, roughly a third of people purchase items online weekly. From setting up an ecommerce business to offering web design services, there are countless avenues to explore as an entrepreneur.

Below, we’ll walk through each step to building an online business.

Key Takeaways

  • When starting an online business, comprehensive market research is critical for identifying your target audience and learning how to resonate with your customers and understand their needs.
  • Creating a business plan is an important step for outlining your business goals. It also includes your product description, target market, and financial projections, among other core components.
  • Building your website involves setting up a domain name, finding a hosting company, and designing a strong website with consistent branding that allows your customers to navigate it intuitively.
  • Choosing the right product or service to sell is essential. It’s important to think about how you’re addressing an unmet need.
  • Several digital marketing strategies can be utilized, from content marketing to paid advertising, to help your business grow.

Successful online entrepreneurs study hard in order to have a thorough understanding of their market. This is important for knowing exactly how to reach your target market , because these are the people who will buy your products and drive your business growth.

At its core, market research is about understanding your customers’ needs, pain points, and solutions. It is designed to help your business better meet these needs.

Steps to Conduct Market Research

Market research involves understanding key aspects of your current and future customers. To get a clear sense of your target market, outline the characteristics of your audience—for example, age, location, gender, income, job title, and key pain points.

Once you have identified your target audience, conduct research on the following topics, which will tell you about how they make decisions and how you can better position your business:

  • What are the challenges that your target market faces?
  • Where do they research a given product or service?
  • What are their views on pricing for this product or service?
  • What factors influence their decision to make a purchase?
  • Who are your competitors?

To put this market research into action, there are a number of different avenues you can take:

  • Focus groups
  • Competitive analysis
  • Brand awareness research
  • Market segmentation research

Consider the following questions that may be asked in an interview or focus group to learn more about your audience:

  • “How do you search for that product?”
  • “How useful was it?”
  • “What words do you use when you search on Google?”

When you have completed your market research, identify what you have learned as well as your next steps based on these insights.

Creating a business plan is a key first step for all business owners . It is important for companies looking to secure funding resources. It also serves as a blueprint to summarize your key business objectives and goals.

To write a business plan , incorporate these eight main sections, which are often found in traditional templates:

  • Executive summary : This is typically a one-page section that explains your objectives and includes your mission statement, core team, and why your company is positioned for success.
  • Company description : This describes what you offer, your competitive advantages, and your business goals.
  • Market analysis : This is where you explain your target market, market size, market trends, and competitive landscape.
  • Organization and management : Explain who is working on your team and their professional background and experience.
  • Service or product line : Describe the product or service you are offering, including any copyright or plans for patenting.
  • Marketing and sales : Discuss your marketing and sales strategy. Discuss your pricing, key metrics, and sales plan.
  • Funding request : If you are a company looking for funding, here is where you outline the capital you are requesting and where it will be allocated.
  • Financial projections : Include projections for your company’s revenue and expenses. Consider including an income statement, balance sheet, and cash flow statement in this section.

A business plan is important because it helps clarify your action points, who you are, and what you offer, all in a coherent template.

Getting your business online is the next key step. In an ever-changing environment, it is important to know the tools, trends, and strategies for building a strong online presence to allow your business to grow.

Registering Your Domain

The first step is registering your name, or your website address. This can be in the form of your business name “.com.” To purchase your domain name, you can go to sites like GoDaddy or Namecheap . If you decide to build your website using WordPress, you will need to use a site such as these to host your website.

Web Hosting Companies

Alternatively, you can buy your domain name at a hosting company. These are companies like Shopify , Wix , or Amazon Web Services , that may also offer tools to build your website and release content on them. 

Website Design

A well-designed website is important for many reasons. Using a website builder, such as Mailchimp or Squarespace , can allow you to choose a theme, customize your pages, create relevant content, and set up a payment page.

Other key aspects of your website design include its functionality, simplicity, and ease of use. Allowing your potential customers to navigate the site intuitively will be key to their experience. Brand consistency—in your logo, colors, and typeface, for example—is also key to creating a unified brand.

Another essential part of website design is its mobile application. You’ll want to ensure that your website runs smoothly on mobile, that images load properly, that the text is legible, and that buttons are intuitive to click.

This step focuses on how to choose the right product or service to sell. At the heart of this choice is the goal of solving a customer’s problem. But there are a number of strategies you can use to identify your product idea.

For example, you might consider analyzing companies with high-profit margins, products that align with your passion, burgeoning trends, items trending on online marketplaces, and/or customer reviews.

With this in mind, analyze how this product will get to your customers. Additionally, you may consider products that are not available in stores in your local market but are offered in communities such as Europe or Japan, for example.

Marketing strategy and promotion is an essential driver of business growth. As the digital landscape evolves, it’s important to have an effective marketing plan that resonates with changing consumer preferences and needs.

Here are questions that companies can consider as they create their marketing strategy, navigating today’s environment:

  • Impact, value, and growth : What are the goals and key performance indicators (KPIs) that will measure success for your business? How will you explain the value that the business provides to its customers and/or society? Create an “elevator speech”—a 30-second description of what you offer and why it’s special.
  • Customer need and brand promise : How does the brand meet a customer’s need through its products and services?
  • Customer experience : How will the business deliver the best experiences at each stage of the customer journey?
  • Organizational model : How will the business operate to serve the customer with the most impact?

These will help you understand what types of strategies can have real impact.

Types of Marketing Strategies

Consider the following digital marketing strategies that can be used for your online business:

  • Email marketing
  • Social media marketing
  • Paid advertising
  • Search engine optimization (SEO)
  • Content marketing
  • Influencer marketing

Each of these presents a different way to reach your target audience, drive conversions, or build brand awareness, depending on your marketing goals.

You need to determine that for yourself. But before starting an online business, it’s important to assess the time, investment, and resources you’ll need to get it off the ground. While the barrier to entry can be quite low, it’s worth considering your goals and strategies for making it a reality.

However, compared with starting up a traditional brick-and-mortar business, the risks of launching an online business may be reduced due to lower upfront costs such as rent, staff, and materials, among others.

The short answer: yes. While it depends on the type of business you hope to pursue, there are many ways to set up an online business at very little cost. For example, you could offer your services doing freelance work, photography, bookkeeping, or personal training. The primary costs involved include setting up your business website, which can cost as little as $2 to $20 each year with companies such as GoDaddy.

There are a number of digital marketing strategies that online businesses can use, such as content marketing, email marketing, paid advertising, SEO, and influencer marketing. Each of these strategies can be useful, depending on your product and goals.

Starting an online business can be a powerful way to launch a new product or service while reaching a wider audience. With market research, a solid business plan, a strong website, and a digital marketing strategy, you can get started in growing your company effectively. As customers increasingly make decisions virtually, building an online business is vital to any business owner’s success.

Pew Research Center. “ For Shopping, Phones Are Common and Influencers Have Become a Factor—Especially for Young Adults .”

U.S. Small Business Administration. “ Market Research and Competitive Analysis .”

U.S. Small Business Administration. “ Write Your Business Plan .”

Ogilvy. “ Getting Future Ready with Marketing Transformation ,” Page 15.

GoDaddy. “ How Much Does a Domain Name Cost? Find Out! ”

business plan online

  • Terms of Service
  • Editorial Policy
  • Privacy Policy
  • Your Privacy Choices

How to Start an Online Business Profitably From Home In 90 Days

' src=

Darren DeMatas

November 27, 2023

[show_reviewed_by_link]

In addition to receiving commissions generated through affiliate marketing, we are able to fund our independent research and reviews at no extra cost to our readers. Learn more.

If you have ever thought about how to start an online business of your own, now is a great time to finally roll up your sleeves. In the wake of COVID-19, the ecommerce world was flooded with new activity from all sectors. Although growth has slowed since then, there’s still plenty of room in the market.

How To Start An Online Business

  • Research Business Models
  • Decide Your Niche
  • Conduct Competitive Analysis
  • Define Your Brand And Target Audience
  • Set Up Business Logistics
  • Build Your Website and Marketing Automation
  • Promote Your Business

People can make money online in lots of different ways. They can open an online store, write a blog, or become popular on social media. In this post, we will dive into the different models and guide you step-by-step to launching your own online business.

Why Start An Online Business From Home

Online businesses can be profitable with low startup costs. The ecommerce market is growing, especially due to COVID-19, offering many opportunities.

How to Start an Online Business

Some of the richest people in the world got their start with online businesses. With the right business plan and commitment, you can reach customers worldwide .

Types of Online Business Models

Online businesses come in all shapes and sizes. You don’t have to be the next Amazon ecommerce marketplace or Netflix to be successful.

When it comes to online business models there are a few major buckets to consider.

  • Physical Products: Selling products like t-shirts through online retail
  • Digital Products : Like courses, ebooks, or software
  • Media / Publisher: Selling ads, affiliate marketing, or sponsored content
  • Services : Exchanging time for money by providing services like logo design or marketing

We have hundreds of online business ideas you can start , but I wanted to highlight a few ones in each of those buckets.

Physical Products

An ecommerce store is likely the first thing you think of when it comes to online businesses. Instead of shopping in person, customers make purchases over the internet.

In essence, your website replaces the store. Customers browse and buy your products or services online, and then you ship the order to them.

Online stores offer advantages over brick-and-mortar. Customers anywhere in the world can shop with you regardless of location. Plus, a virtual storefront means lower overhead.

Dropshipping

A dropshipping business is great for its simplicity . To the customer, they operate just like any other ecommerce store. But in actuality, your internet business is just the middleman. 

How Dropshipping Works

When a customer places an order, you send the order to the drop shipper . The drop shipper fulfills and ships the order to your customer.

Digital Products

Selling digital products online is very low overhead, but it’s highly competitive. If you have unique skills or knowledge, create digital products to monetize your expertise.

If you have experience in graphic design or web development, create and sell online courses. Or, maybe you’re a talented writer who could create and sell ebooks, audiobooks, or other digital content.

The possibilities for digital products are almost endless. All it takes is some creativity and hard work to get started.

Launch An App Or SaaS Startup

In today’s digital era, launching an app can be a viable business online.

With an innovative app idea, you could tap into a potentially huge market. If you have the technical skill to create it, or the resources to hire someone to do it for you, it could be lucrative.

To successfully launch an app, identify a problem or need your target audience has. Then, address it with your app. Invest time and resources into promoting your app to get it noticed. In a crowded marketplace, marketing can make or break you.

Remember, developing an app is only the first step – you still have to market it.

Ebooks or Courses

Have a passion for sharing what you know with others? Create and sell ebooks or online courses. It can be a long-term viable business since you can create content on almost any topic. Ideas include cooking and fitness, entrepreneurship, and personal development.

For success, pinpoint your target audience. Create content that speaks to their needs and preferences. Spend time building your brand and promoting your products. Use social media, email marketing, and other channels.

Media Publishing Company

You can start a media company with almost no resources other than yourself. Again, a low barrier to entry means tight competition.

Starting a media publishing company involves creating content for your target audience. You can create written, video, or audio content. Then, you monetize it with advertising or other methods.

healthline

This business model is highly scalable. Healthline is a publishing company that generates $100M+ per year.

To compete in this space, focus on consistently producing high-quality engaging content. It will help you build a loyal audience. Learn about online advertising and marketing strategies to maximize revenue potential.

Affiliate Marketing

Affiliate marketing allows you to promote and sell without handling products. Your job is to promote affiliate products and drive traffic to the partner’s website.

How affiliate marketing works

You earn a commission when customers use your affiliate link to make a purchase . The company selling the product handles processing and shipping the order. You are responsible for encouraging the sale and directing traffic with referral links.

Blogging is a large and varied category for online businesses. There is a wide range of blogs and many ways to monetize them. For example, some people make blogs as a hobby, while others use them for affiliate programs.

How bloggers make money

Blogs can make money selling ad space, sponsored posts, or ecommerce. You can even work as a blogger by creating content for other companies’ blogs. Blogging can be great as a part-time job or full-time gig.

Launch A YouTube Channel

What are you passionate about? Create videos about what you love, and build a following of interested viewers. After you build a loyal audience, monetize your channel with:

  • Advertising
  • Product sales
  • Sponsorships

Blippi

Most full-time YouTubers make $60K per year. But people like Blippi make a ton more. In fact, his net worth is around his total YouTube subscribers.

Become an Instagram Influencer

These days anyone can become an influencer. That’s if you don’t mind being the “face” of your business. I prefer to pass on that. With that said, influencers can make a killing by putting themselves in the spotlight.

Trading hours for money is the basic idea behind selling services. If you have a particular skill set or expertise, you can offer your services online to those who need them. This includes things like:

  • Social media management
  • Content creation
  • Virtual assistance

Use platforms like Fiverr or Upwork to find clients and build your reputation.

Web Design Services

If you have web design skills, leverage them to build websites for others . If you have software development experience, this is a lucrative business opportunity.

Many tools can help non-technical people build websites. But business owners don’t have the time to do it. Beyond websites, you can also create and manage social media accounts.

Marketing Agency

Have a background in marketing? Experience in social media, content marketing, or search engine optimization (SEO)? You can offer your expertise to help other businesses grow. These businesses tend to have a lot of overhead, but you can easily build and sell a marketing agency for seven figures.

Start With a Niche in Mind

Before starting your online business, you have to know what you will be selling . This could be a product, a service, or an idea.

For example, selling a cool t-shirt design differs from selling a website-building service. Once you know what you want to focus on (this can be many things), you can start developing your strategy.

Some questions you will want to ask yourself are:

  • What am I selling?
  • Do I need or want a website?
  • What will my company (and website) name be?
  • Will I have stock to manage?
  • Do I need to hire anyone?

What you are selling will help answer most of these questions. And you’ll learn things along the way. But first, what are you selling, and how will you make money?

Conduct Competitive Research

Whatever it is you are selling, you will have competition. Before you get started, do some competitive analysis of the market as a whole.

Begin With Basic Keyword Research On Google

Start with basic keyword research on Google. Identify keywords that are relevant to what you’re selling and see who shows up in the search results. Note their website, pricing, products or services, and any unique selling propositions.

Next, delve deeper into their online presence. Visit their website, social media profiles, and any other online platforms they use. Pay attention to:

The design and user experience of their website

How they engage with their audience on social media

Any content they create

This will help you identify what’s trending and the competitive discovery process.

Conducting product research is important. Entering a highly competitive industry with established competitors makes a difficult battle. When it’s hard to carve out your market share, you stifle growth before you even start.

What is the competition doing well? Where could they make improvements? Exploit the areas of improvement for your own benefit.

Your market research could show competitors pricing products too high. It could show poor customer service. Ensuring you do better may determine product viability . If you cannot, it will point you to another business niche.

Define Your Brand and Target Audience

Think about what you want your brand to communities. Beyond the name, consider your color scheme, logo, and mission statement.

You might have an idea or starting point for defining your brand and company image, but you’re not stuck with it. Amazon grew from an online bookseller to a global marketplace. Your brand will likely evolve and settle into its niche.

Define Your Target Audience

What you are selling will also determine who your target audience is . Are you selling to other businesses or customers? Who are they? What social media platforms do they use?

Define and understand your target audience to shape your business and marketing strategy. Your target market will likely change over time. You may notice a difference between your ideal and actual customers, too.

Analytics tools help identify your audience and track what works and what doesn’t. Your customer demographics determine how you run your business (and make money.) It also impacts your social media marketing.

Trademark Your Brand Name

Once you have defined your brand name and image, it is important to protect them legally. Register a trademark for your brand name to ensure no one else can use it or create confusion in the market.

This important step helps establish your business and protects your intellectual property. It’s helpful to consult with an attorney to navigate the process. This ensures you don’t miss anything when securing your trademark,

Create Your Business

Creating your online presence isn’t enough to start your business. You must officially register your company . You can find original and distinctive names for your business with the use of a  business name generator .Generally, it’s okay to start working and make a few sales. But you’ll eventually need to make things official.

Take all Necessary Legal Steps

You will need to address some legal aspects when creating your company . A licensed and registered business provides personal legal protection.

First, make sure you choose the right business structure. Depending on your location, products, and services, you may need a business permit. You may also need a federal business license. In most cases, you will need a federal business license .

Here are the main legal hoops you will need to jump through:

Register Your Business

Don’t let the idea of registering a business scare you. It’s paperwork and paying fees.

You can expect to:

  • Register your new business name and optional Doing Business As (DBA)
  • Choose your business’s legal structure: limited liability company ( LLC ), partnership, etc.
  • A Federal Tax ID (or EIN)
  • Other licenses and permits

Opting for a sole proprietorship allows you to skip many steps. That’s why many people getting started take this route. However, this doesn’t legally separate you from your business. If something goes wrong, you put your personal assets at risk.

If you’re confident in your business, save time and register your business at the start. A DBA and Federal Tax ID can also provide other perks.

Get Tax IDs

After getting your federal tax ID and business license, get your state and local tax IDs. You may have more paperwork for taxes and permits.

Get All Necessary Licenses

Certain types of businesses have licensing requirements . Common business licenses you may encounter include:

  • Federal business license
  • Sales tax license
  • Home occupation permit
  • Specific industry licensing
  • Permits for regulated products

Your needs depend on your business and the products or services you’ll sell. Your local government or the Small Business Administration can help you.

Remember that sole proprietorship can avoid a lot of these requirements.

You must abide by all regulations where you do business. This includes across state lines or international borders.

Open a Business Bank Account

A separate business bank account is crucial. It simplifies your accounting to keep your business revenue separate from personal income. You need a registered business tax ID to open a business checking account.

As a sole proprietor, you can still open a separate bank account to manage personal and company funds.

Choose a Payment Gateway

Whether you sell B2B or B2C, you need a system for handling payments. Popular ecommerce tools integrate with third-party services so you can collect customer payments.

How Payment Gateways Work

You must connect your payment gateway to your business account to accept payments. Your location and the ecommerce tools you use determine available payment gateway options.

Set up Taxes 

As with any business, you must track your earnings and pay business taxes. Consider hiring an accountant to help you get started if you can afford one. Keep clear and accurate records to ensure you’re ready for tax time.

Build Your Website

Your website serves as your storefront and a direct representation of your company. Building an effective and attractive website is essential for a successful online business. Luckily, there are tools you can use to build a website without technical skill.

Choose the Website Platform

Thanks to many different ecommerce platforms , it’s easy to start an online business. If you’ve got general computer skills, you can build an ecommerce website yourself.

Popular codeless ecommerce platforms include:

There are others, though these make up the vast majority of websites that aren’t coded from scratch. In fact, WordPress powers roughly 40% of all websites on the internet!

WordPress

The beauty of WordPress is it is free, open-source software . Developers can create custom plugins, so no matter what feature you need, you can find it. This makes it easy to build your website without technical knowledge.

With its popularity, you can find step-by-step guides for anything you may need.

Shopify is an easier website builder for creating a basic ecommerce store, though it will require a monthly fee. It uses simple templates for creating product pages to sell your goods online. This is a popular option among small business owners.    

Shopify Theme Store

WordPress may be free, but there are ongoing expenses , including:

  • Domain name
  • Web hosting plan
  • Premium plugins

Find a balance between cost and service when you choose an ecommerce platform.

If you are selling digital products, consider using an online course platform.

If you’re not ready to build a website, use marketplaces like Amazon, eBay, or Etsy to sell your goods. The downside of this business plan is marketplace fees, which can eat into your profits.

Set Up Marketing Automation

Once you have your ecommerce platform set up, it’s time to start thinking about how to market your business. One of the most effective ways to do this is through marketing automation.

Marketing automation refers to software that automates repetitive tasks. This can include email marketing, social media posting, and advertising campaigns. This can save you a lot of time and effort while still achieving great results.

To start using marketing automation, create a customer database. Collect customer information through your website or social media accounts. Use the data to segment customers into different groups. From there, send them targeted messaging.

Email Marketing

Email marketing is one of the most important tools in your marketing arsenal. With it, you can reach customers directly in their inboxes. When done properly, it increases brand awareness and sales.

To start, build an email list. Offer something of value, such as a free book, discount code, or webinar. Subscribers get access to your offering in exchange for their email addresses.

After building your list, use an email marketing platform such as Mailchimp or Constant Contact to create and send emails.

Personalize and offer value to your subscribers with each email you send. Segment your list based on consumer behavior and interests to boost engagement.

Landing Pages

A landing page is a standalone page designed to convert visitors into customers or leads. Effective landing pages have:

  • Clear and concise messaging
  • A strong call-to-action
  • A form for visitors to fill out to become a lead or make a purchase

When creating your landing page, keep in mind your target audience and what will appeal to them. Use eye-catching visuals and persuasive copy to convince visitors to take action. Tools like Unbounce or LeadPages make it easy to create landing pages without coding knowledge.

Funnel Set Up

To maximize your online business success, it’s important to set up a sales funnel. A sales funnel is a step-by-step process that guides potential customers toward buying.

Typically, it starts with the awareness stage. This is where visitors discover your brand. From there, you’ll move them to the interest and consideration stages. Here, they’ll learn more about your products or services. The end goal is to move them to the decision stage, where they make the decision to purchase.

buyers journey content map

Setting up your sales funnel involves:

  • Identifying key steps customers take before they buy
  • Creating content and offers to guide them through each stage

For example, you can offer a free trial or consultation.

Market Your Website

Marketing is crucial to help your business grow. To effectively market your online business, understand your target audience. Once you know who your ideal customer is, you can use various strategies to reach them.

Content Marketing and SEO

Using content marketing and SEO can attract potential customers and improve your search rankings. Creating high-quality, relevant content using keywords related to your niche can organic visibility.

Start by identifying topics and keywords relevant to your business. Then, create content around those phrases. You’re not limited to blog posts – you can also create infographics , videos, and more.

Optimize the content with proper headings and meta descriptions to improve ranking potential.

Facebook and Instagram Ads

To build a social media following and increase brand awareness, run ads. Facebook and Instagram make it easy to create targeted ads based on:

  • Demographics

To get started, set up a Facebook Business Manager account and connect it to your website. Then, create your ad campaign with an objective that aligns with your business goals. You can choose from options such as brand awareness, website traffic, and conversions.

Create visually appealing graphics and compelling ad copy. Everything should speak directly to your target audience. Use A/B testing to refine your ads over time and achieve a return on ad spend.

Influencer Marketing and PR

Find influencers who have a following in your niche. Reach out about collaborations on content or promotions to tap into their audience.

Use PR tactics such as press releases and media outreach to gain exposure for your business. Focus on relevant journalists and publications because they’re more likely to feature your brand.

Building relationships with influencers and journalists takes time and effort. Don’t expect immediate results. With consistent outreach and quality content, you can establish yourself as an authority.

Retargeting

Retargeting involves showing ads to users who have already interacted with your brand. It reminds them of what they’ve viewed and encourages them to complete the purchase.

To set up retargeting, install a tracking pixel on your website. Then, you’ll create ads targeted at those who have interacted with your site. You can use platforms like Google AdWords or Facebook Ads to create and manage your retargeting campaigns.

Conversion Rate Optimization (CRO)

It’s not enough to drive traffic to your website. For success, that traffic needs to convert to customers. CRO is strategically editing your website design and content to increase conversions.

To leverage CRO, analyze your website data using tools such as Google Analytics. Find pages with high bounce rates or low conversion rates. Make adjustments to improve the user experience. For example, simplify navigation or make your calls-to-action clearer.

Use split testing to identify the changes that are most effective.

Successful Online Businesses You Can Learn From

While every online business is different, we can learn from those who paved the way. Here are some strong ecommerce examples :

We’ve already mentioned Amazon a few times, with good reason.

Why? Because Amazon is the be-all and end-all of ecommerce business . It started as a small operation selling used books out of a garage. It grew to control more than a third of all ecommerce in the United States. You can’t ignore Amazon.

Amazon followed many of the tips we’ve covered in this article. (You could argue that they wrote the book on successful online business).

But Amazon started with a focus on one product category: Books. Its target market was people who wanted to save money and enjoy the convenience of delivery.

Amazon Homepage

They embraced their success and continued to grow the brand around those strengths. They expanded into other product categories and now offer countless products and services.

With them, we learn how to focus on our strengths and look for growth opportunities.

Etsy is another good example of a simple idea that turned into a huge success. Etsy started as a small online business that focused on the sale of homemade goods. This differed from marketplaces like Amazon, which sold mass-produced items.

Etsy Homepage

Etsy stayed true to its concept. It is a popular platform for artists and crafters who don’t want to compete with factory-made goods. Their business model was a success, offering niche products you can’t find anywhere else.

EBay revolutionized ecommerce with its new business plan of online auctions. Rather than selling products, eBay built a business around allowing others to sell.

eBay inspired many other ecommerce websites to follow a similar approach.

www.ebay .com Screenshot

Each of these ultra-popular websites started as a small ecommerce business before making it big. We can apply the same strategies to our own online business plans. 

Which business is best for online?

Some business concepts that benefit from being online are:

  • Affiliate marketing
  • Digital product sales
  • Dropshipping (and Fulfillment by Amazon companies)
  • Training and digital courses

What do these business models all have in common? You can start them with little to no money and with minimal overhead.

Basic ecommerce companies can be successful. But there is greater risk with physical inventory. You must rent warehouse space, buy the inventory, and pay other business expenses.

With the above examples, all you need to invest is your time, and you can start earning money online!

What is the most profitable item to sell online?

You can sell most things online, but digital goods have unique profitability. Unlike physical goods, you can create digital goods like games or online courses once and sell them forever. The same goes for ebooks, videos, and other digital content.

You must print, bind, sell, and ship a physical book. You can sell and download an ebook with no physical labor involved. This is what makes digital goods so profitable for online businesses.

What online services are in demand?

In-demand online services are those that help others get online. In the wake of the pandemic, companies rushed to build their online presence.

Service-based businesses related to website design and digital marketing are in demand. An example is email marketing software, especially email marketing automation.

What are the most successful small online businesses?

You can sell almost anything online, but fashion and beauty are among the most successful. Fashion was the largest ecommerce segment in 2022 . Countless boutiques , brands, and content creators are getting their slice of the pie.

Start Creating Your Online Business

Now you are ready to start planning your own online business endeavors. Chances are it won’t be quick, and it won’t be easy. With a bit of luck and persistence, you can launch a successful online business.

Before, it took specialized knowledge and big risks to make money online. N ow abundant opportunities for those looking to break into ecommerce . No matter your strengths or skill level, there is a solution for how to start an online business.

With a little bit of elbow grease, you can turn your side hustle into a profitable business.

About the author

Photo of author

Featured on

BigCommerce

Join 30K+ entrepreneurs already learning ecommerce.

Ecommerce ceo.

Partner With Us

Editorial Policy

Review Guidelines

Terms Of Use

Affiliate Disclosure

Privacy Policy

[email protected]

Guides & Resources

Ecommerce Learning Center

How To Start An Ecommerce Business

How To Make Money Online

What To Sell Online

How To Sell On Amazon

Online Business Ideas

Best Ecommerce Tools

Ecommerce Platforms

Fulfillment Services

Shipping Software

Inventory Management

Print On Demand

Dropshipping Companies

Amazon Research

Online Course Platforms

POS Systems

3PL Companies

BigCommerce

Shopify vs BigCommerce

2800 N 6th Street #5156 St. Augustine, FL 32084 United States

‪(904) 458-7077 ‬

Copyright © 2024 - Mission Demand LLC . All rights reserved.

Exclusive Member of Mediavine Finance

business plan online

  • Exam Prep >
  • Prepare for Business School >
  • Business School & Careers >
  • Explore Programs >
  • Connect with Schools >
  • How to Apply >
  • Help Center >

Every journey needs a plan. Use our Career Guide to get where you want to be. 

Creating an account on mba.com will give you resources to take control of your graduate business degree journey and guide you through the steps needed to get into the best program for you.

  • About the Exam
  • Register for the Exam
  • Plan for Exam Day
  • Prep for the Exam
  • About the Executive Assessment
  • Register for the Executive Assessment
  • Plan for Assessment Day
  • Prepare for the Assessment
  • NMAT by GMAC
  • Shop GMAT™ Official Prep
  • About GMAT™ Official Prep
  • Prep Strategies
  • Personalized Prep Plan
  • GMAT Focus Mini Quiz
  • Executive Assessment Exam Prep
  • NMAT by GMAC Exam Prep

Prepare For Business School

  • Business Fundamentals
  • Skills Insight

Business School & Careers

  • Why Business School
  • Student Experience
  • Business Internships
  • B-School Go
  • Quiz: Are You Leadership Material?
  • MBA Return on Investment (ROI) Calculator
  • Estimate Your Salary
  • Success Stories
  • Diversity and Inclusion
  • Women in Business

Explore Programs

  • Top Business School Programs
  • Quiz: Which Post Graduate Program is Right for You?
  • Quiz: Find the Best Program for Your Personality
  • Business School Rankings
  • Business Master's Programs
  • MBA Programs
  • Study Destinations
  • Find Programs Near Me
  • Find MBA Programs
  • Find Master's Programs
  • Find Executive Programs
  • Find Online Programs

Connect with Schools

  • About GradSelect
  • Create a GradSelect Profile
  • Prep Yourself for B-School
  • Quiz: Can You Network Like An MBA?
  • Events Calendar
  • School Events
  • GMAC Tours Events
  • In-Person Events
  • Online Events

How to Apply

  • Apply to Programs
  • The Value of Assessments
  • Admissions Essays
  • Letters of Recommendation
  • Admissions Interviews
  • Scholarships and Financing
  • Quiz: What's Your Ideal Learning Style?

Help Center

  • Create Account

GMAT™ Official Guide 2024-2025: eBook & Online Question Bank

  • My View My View
  • Following Following
  • Saved Saved

Some OPEC+ ministers heading for Riyadh for oil output meeting, sources say

  • Medium Text

View of the headquarters of Organization of the Petroleum Exporting Countries in Vienna, Austria

  • OPEC+ set to decide output policy for 2024, possibly into 2025
  • Will also cover members' production capacities
  • Series of meetings expected to begin at 0900 GMT on Sunday

Sign up here.

Reporting by Alex Lawler, Maha El Dahan and Olesya Astakhova; writing by Vladimir Soldatkin; editing by Jason Neely

Our Standards: The Thomson Reuters Trust Principles. New Tab , opens new tab

business plan online

Thomson Reuters

Maha has been working as a Reuters journalist for over 15 years covering stories across the Middle East from Egypt, the Gulf, Yemen, Iraq, Syria, Lebanon and Jordan. She is currently Gulf Bureau Chief based in Dubai and continues to cover energy and OPEC policy. In her previous roles, Maha has overseen Lebanon, Syria and Jordan coverage as Bureau Chief based in Beirut and managed the energy and commodities file across the Middle East. Maha began her career with Reuters in Cairo.

People take shelter inside a metro station during a Russian military attack, in Kyiv

Business Chevron

Illustration shows U.S. and Chinese flags

US lawmakers ask FBI for briefing on GenScript Biotech's links to China

The U.S. House of Representatives committee on China has asked the FBI and the intelligence community for a briefing on GenScript Biotechnology Co and three subsidiaries to determine if the Chinese Communist Party has influence over their operations.

The International Air Transport Association holds its Annual General Meeting in Boston

Home insurance was once a ‘must.’ Now more homeowners are going without.

Slammed by pricier policies and climate-driven natural disasters, more and more Americans are exposing themselves to risk.

Jamie Lafollette found out State Farm was dropping her policy from reading the news.

After she saw a story about the insurer pulling out of Santa Cruz County, her longtime home, she called her agent to confirm that her plan would lapse — setting off a desperate search for a replacement policy that is ongoing.

“Our first quote came in at over $10,000 a year, and that was bare bones coverage,” she said. “And then I kept pressing, contacting other brokers … contacting all these weird companies you’ve never heard of.”

But those quotes were even higher, coming in between $17,000 and $25,000, she said.

Lafollette lives near Soquel, which lies near Monterey Bay and its picturesque view of the Pacific Ocean. The location’s trade-off is the forest that surrounds her home, bringing with it the ever-growing threat of wildfire.

GET CAUGHT UP Summarized stories to quickly stay informed

Chief Justice Roberts declines to meet with Democrats on court ethics

Chief Justice Roberts declines to meet with Democrats on court ethics

Will Trump go to jail? Can he be president? What’s next after guilty verdict?

Will Trump go to jail? Can he be president? What’s next after guilty verdict?

Bruhat Soma wins Scripps National Spelling Bee in second-ever spell-off

Bruhat Soma wins Scripps National Spelling Bee in second-ever spell-off

How a fed up carpenter found his stolen power tools — and 15,000 others

How a fed up carpenter found his stolen power tools — and 15,000 others

Here’s how long it takes workers to become 401(k) millionaires

Here’s how long it takes workers to become 401(k) millionaires

It also makes homeowners insurance essential. But the prices Lafollette was quoted are well out of her budget.

“I’m at the point where I don’t know if I can keep my home,” she said.

According to State Farm, such cases of cancellation amounted to only 2 percent of policies in the state. But it still means homeowners like Lafollette have few good options.

It’s also a problem for a growing share of Americans.

One 2023 estimate, released by the industry group Insurance Information Institute, concluded that 12 percent of homeowners had no insurance in 2022, up from just 5 percent in 2019.

Another more recent study , released by the Consumer Federation of America in March, reported a lower share of uninsured — 7.4 percent — but that estimate is based on 2021 data from the American Housing Survey, which the Census Bureau conducts every two years. The organization will revise that share upward once 2023 numbers come out, said the CFA’s director of housing, Sharon Cornelissen.

Most uninsured homeowners are those who have paid off their mortgage and are no longer required to have insurance. Among those who own their home outright, the CFA estimates roughly 14 percent are uninsured, with low-income and minority homeowners especially at risk. Among mortgage holders, only 2 percent opt to go without coverage.

Experts say this trend is driven by the escalating threat of climate change — which has forced insurers to make larger and larger payouts — and skyrocketing housing prices. Both trends are pushing the cost of policies up. On average, home insurance policies rose 11.3 percent in 2023, according to S&P Global.

Compounding the problem, some insurance providers are pulling out of disaster-prone areas as a result of rising payouts — leaving former policyholders with fewer and more expensive alternatives.

No good options

Homeowners like Lafollette say they’re not going without insurance by choice. When their policies are discontinued, they’re unable to find an alternative.

Such a decision carries great risk, said Mark Friedlander, director of corporate communications for the Insurance Information Institute. “It’s very unrealistic for any homeowner to think they can pay for catastrophic losses out of pocket,” he said.

The uptick in homeowners forgoing coverage is especially striking given that lenders require mortgage-loan applicants to carry insurance.

In extreme cases, a homeowner’s decision to stop paying for a policy can be considered a form of default and even lead to foreclosure, Friedlander noted.

A more common route is that a bank will simply select a plan and impose the costs on the uninsured homeowner. But that coverage is unlikely to cover natural disasters, Cornelissen said.

Meanwhile, companies like State Farm have made headlines after announcing that they would not renew policies in wildfire-prone counties like Santa Cruz. In other states, like Iowa, homeowners are finding that their insurance companies are abandoning them as climate change increases the possibility of natural disasters.

Those companies say they can no longer make a profit insuring homeowners in those regions. The problem is not just cost. Reinsurance companies, like Swiss Re, that provide insurance to insurance providers in the event of a catastrophe are also charging more, raising costs for companies like State Farm, said Marco Giacoletti, assistant professor of finance and business economics for the University of Southern California Marshall School of Business.

At the same time, agencies in some states, including California, Colorado and Florida, are authorized to approve rate increases — and these regulators don’t always let insurance providers pass all their costs to consumers, Giacoletti said.

In addition, in California’s case, insurance companies must use historical data, rather than forward-looking models, when they price insurance plans. That means their policies may not reflect the actual risk they’re supposed to hedge against, he added.

“With climate change, you want to use forward-looking models,” Giacoletti said. “Insurance companies are not able to price their plans properly,” leading to sustained losses after climate-driven disasters.

In California’s case, the insurance commissioner in March approved a rate increase of 20 percent, as requested by State Farm.

Homeowners who have been dropped from their policies have few substitutes in an increasingly expensive market.

Lafollette’s husband is a disabled veteran, and the family has developed a support network in Santa Cruz, which makes moving a less-than-ideal option. For now, their community has invested in expensive upgrades intended to reduce fire risk, with the hope that it can convince insurance companies to continue their policies.

“It was very hard to convince our community to buy in to do these things,” Lafollette said. “[But] none of us can afford to lose our insurance. And we thought if we do these things, we won’t lose our insurance.”

The statistics don’t fully capture the extent of homeowners’ dilemma.

Kathleen Haughton, for example, moved to California’s Butte Valley from Paradise after her hometown was destroyed in 2018’s devastating Camp Fire .

She needed a loan to rebuild her house, which meant buying insurance. Her cheapest option was $7,000 a year for a California Fair plan, which offers insurance to people who can’t buy from major companies.

Priced out of that option, Haughton bought a $1,200-a-year plan that doesn’t cover natural disasters — and hopes that the Camp Fire was a once-in-a-lifetime catastrophe.

“I figured if I lose everything again, that’s God’s plan,” she said.

Experts see the experience of homeowners like Haughton and Lafollette as a grim harbinger of things to come with a heating planet.

“People are really feeling climate change,” said Emily Schlickman, an assistant professor of landscape architecture and environmental design at the University of California at Davis who studies climate adaptation. “Not being able to get insurance is one of the first ways we’re coming to terms with our new reality,” she said.

Patrick Cooley is a freelance journalist who previously covered agriculture and commodities for The Messenger and environmental and agricultural issues for the USA Today Network.

Michelle Singletary on retirement and personal finance

Early retirement: Want in on the great retirement boom? Early retirement sounds tempting, but the math can be a major reality check. Here are the five things you should know .

New retirement rules: As the pandemic upends the economy, there’s never been a better time to examine the conventional wisdom about retirement .

Move over, crypto: A record number of workers are becoming millionaires with their boring 401(k)s and IRAs . Many never earned six-figure salaries. Meet the newly minted millionaires next door.

Questionable sources: There is so much you need to do to manage your money that it’s a good thing to get recommendations. But you need to consider the source and whether the advice is in your best interest, biased or appropriate given your personal circumstances and money style.

In hindsight: If you could, what retirement planning advice would you give to your younger self based on what you know now? Here’s what some retirees say are their biggest regrets .

Read more personal finance and retirement perspectives by Michelle Singletary .

business plan online

To revisit this article, visit My Profile, then View saved stories .

  • Backchannel
  • Newsletters
  • WIRED Insider
  • WIRED Consulting

Trump’s Online MAGA Army Calls Guilty Verdict a Declaration of War

Donald Trump walking through a door with officers and other officials around him

The words “RIP America” trended on X minutes after a jury in Manhattan found former president Donald Trump guilty on all 34 felony counts for falsifying business records in connection to a hush money payment to adult film star Stormy Daniels.

Images of an upside-down American flag—a symbol of distress that became co-opted by the 2020 Stop the Steal movement —flooded social media, as Trump supporters, fringe extremists , right-wing pundits, and politicians voiced their anger.

Ever since the trial began, pro-Trump commentators—and Trump himself—have been priming MAGA online ecosystems to claim foul play if the jury found him guilty. The response to his felony conviction was predictably swift, with many characterizing it as a declaration of “war” from the “deep state.” Incendiary rhetoric about how the guilty verdict was a sign of America’s collapse reverberated from the mainstream right all the way to the fringes.

“As of today, with this fake guilty verdict against Trump, America is no longer the United States,” wrote Joey Marianno, a pro-Trump political commentator, to his 466,000 followers on X. “We are a third-world shithole heading for a Civil War. I have no desire to see this country to unify. There’s no country to unite. We are long past that.”

Many of the biggest proponents of “Stop the Steal,” which culminated in the January 6 Capitol riot, did not hesitate to claim that the verdict was the result of a “rigged” justice system.

In a video posted to his 2.3 million followers on X, Infowars’ Alex Jones said that the “deep state and globalists” put Trump through a “kangaroo” court in the hope that a guilty verdict would harm his campaign. “Ladies and gentlemen, we see our republic on its deathbed right now,” said Jones, adding that he believed that “false-flag terror attacks blamed on Trump supporters angry about the verdict” were imminent. “We do not want any violence, we do not want any attacks,” he said.

Ali Alexander, a far-right conspiracy theorist, did not mince words either. “Today is Jan. 6th for the entire nation,” he wrote on Telegram to his 12,000 subscribers. “This is worse than the Civil War. Respectfully.”

That kind of rhetoric even made it to the airwaves. “We have been calling it lawfare,” said Fox News’ Jeanine Pirro.“I think lawfare is far too soft, it's far too benign. This is warfare.”

Trump sounded off on Truth Social and in a fundraising email shortly after the verdict came in, doubling down on his false claim that he’s a victim of political persecution, perpetrated by a corrupt system that’s hell-bent on “stealing” the 2024 election from him again.

“THIS WAS A DISGRACE—A RIGGED TRIAL BY A CONFLICTED JUDGE WHO IS CORRUPT. WE WILL FIGHT FOR OUR CONSTITUTION—THIS IS LONG FROM OVER!” he wrote on Truth Social.

Trump’s claims of “rigging” were repeated by supporters. Turning Point USA founder Charlie Kirk also perpetuated conspiracy theories about the verdict. “This case was engineered for years, from the very top of the Democrat apparatus, to bring down Trump, using a rigged law in a rigged courtroom with a rigged jury,” Kirk wrote on X. “We must win. We must defeat these savages. Stand with Trump.”

Google Admits Its AI Overviews Search Feature Screwed Up

By Reece Rogers

Chatbots Are Entering Their Stone Age

By Will Knight

How Researchers Cracked an 11-Year-Old Password to a $3 Million Crypto Wallet

By Kim Zetter

Ecuador Is Literally Powerless in the Face of Drought

By Hannah Singleton

In addition to posting an upside-down flag on X, US representative Marjorie Taylor Greene of Georgia, a Trump loyalist, called it a “sham trial” orchestrated by “radical leftists and deep state operatives.” You don’t see this level of corruption in a banana republic, but it’s happening in our own backyard,” said Taylor Greene. “There is NOTHING they fear more than another Trump Presidency.”

The far-right fringe’s response was even more ominous. Proud Boys channels for various chapters responded to the news in one word: “War.”

On Patriots.win, formerly the subreddit The Donald, which was a hotbed for January 6 preparation, alarming rhetoric also proliferated quickly. “There are only two choices in November, Trump or civil war, I will hope for the former but prepare for the latter,” one user wrote.

The highly active Telegram chat dedicated to (but not officially affiliated with) Bannon’s War Room also erupted in angry rhetoric. “Time to minute man up ! call to arms!” one member wrote.

“I'm ready to serve again! this time no retreat until every last globalist gone! I’ve never been so angry in my life,” another person wrote.

Overall—the consensus was that a guilty verdict would help, not hinder Trump’s chances of winning in November. “That fake ass conviction is gonna just jump up Trumps poll-numbers,” wrote New Jersey Proud Boys on Telegram.

“Import the Third World, become the Third World. That’s what we just saw. This won’t stop Trump. He’ll win the election if he’s not killed first,” ex-Fox News host Tucker Carlson wrote on X. “But it does mark the end of the fairest justice system in the world. Anyone who defends this verdict is a danger to you and your family.”

Trump, who has made history as the first former president to be found guilty on felony charges, will be sentenced on July 11. He is expected to appeal his conviction. Each felony carries a maximum sentence of four years, but the judge may opt to sentence him to probation or home confinement, according to Axios . The Republican National Convention, where delegates are expected to support Trump as the presumptive Republican nominee, will begin on July 15.

You Might Also Like …

Navigate election season with our WIRED Politics Lab newsletter and podcast

She showed President Biden ChatGPT—and helped set the course for AI

Laser weapons are finally poised to enter the battlefield

What happens when a romance writer gets locked out of Google Docs

Give your back a break: Here are the best office chairs we’ve tested

Trump Campaign Claims $34.8 Million Windfall After Guilty Verdict

Makena Kelly

Michael Cohen Can’t Stop Livestreaming on TikTok

Anna Merlan

The Race to Buy TikTok Is On&-but There Might Not Be a Winner

Louise Matsakis

2024 Is the Year of the Generative AI Election

Vittoria Elliott

Inside the Reluctant Fight to Ban Deepfake Ads

David Gilbert

The Limits of the AI-Generated 'Eyes on Rafah' Image

Angela Watercutter

IMAGES

  1. 7 Free Business Plans Templates & Examples

    business plan online

  2. Sample business plan (online shop)

    business plan online

  3. Sample business plan (online shop)

    business plan online

  4. Canva Business Plan Template

    business plan online

  5. Your Online Business Plan

    business plan online

  6. Buy a Business Plan Online from Expert Writers

    business plan online

VIDEO

  1. Entrepreneurs Educational Background

  2. How to Write a Business Plan for Your Online Business

  3. How to write a business plan

  4. online business plan। youtag business plan । online earning apps#funnyvideo #funnyshorts

  5. Networking Business #networking #motivation #onlinebusiness #viral

  6. Как составить бизнес план без ошибок: 5 лайфхаков

COMMENTS

  1. Business Plan Software With Performance Tracking

    LivePlan helps you create, fund and grow your business with AI, sample plans, financial forecasts and reports. Join over 1 million entrepreneurs who use LivePlan to chase their business dreams with confidence.

  2. Create a Business Plan in Minutes

    Plannit AI is a platform that generates tailored business plans based on your responses to a series of questions. You can edit, collaborate, and export your plan, and access resources and tools to help you start, run, and grow your business.

  3. Create Your Business Plan with PlanBuildr

    PlanBuildr is the #1 online business plan software. PlanBuildr and its founders have been featured in over 300 media sources. By signing up, you agree to our Terms , Data Policy and Cookies Policy .

  4. Create Your Custom Business Plan Online

    Create a professional and compelling business plan online with Venngage's easy-to-edit templates and online business plan generator. Choose from hundreds of designs, visualize your data, brand your plan, collaborate with your team and download or share your plan for free.

  5. Free Business Plan Template

    Create a professional and engaging business plan with Visme's free template and tools. Customize your slides, showcase data, add interactivity and share your plan online or download it.

  6. Business Plan Builder

    Get simple instructions every step of the way. LivePlan's step-by-step instructions, examples, prompts and definitions of key business terms guide you through each phase of creating a professional business plan. Access a library of over 550+ sample business plans for inspiration, chat with support for additional help, or join an expert-led ...

  7. Online Business Plan Software

    LivePlan helps you write a convincing business plan faster and easier with AI-powered features, financial calculations, and sample plans. Start your plan for $20 per month and get a 35-day money-back guarantee.

  8. Business Plan Online

    Join over 1 million entrepreneurs who createdtheir business plans with LivePlan. Start my business plan. Start planning for $20 per month. Creating a professional, investor ready business plan has never been easier. Try our LivePlan Business Plan Software today. All products have a 35 day money back guarantee.

  9. The World's Leading Cloud-Based Business Plan Software

    Download your plan as a PDF or Word doc so you share it easily. Print out your plan to get a clean, professional document. See inside a completed plan ». Get Started Risk Free. Start My Business Plan. 35-day money back guarantee. Start planning for $20 per month. "LivePlan is incredibly simple and easy to use.

  10. Online Business Plan Software Features & Benefits

    Try LivePlan today. Totally risk free. 35-day money-back guarantee. Get Started Now. Use LivePlan to create your business plan. LivePlan is fully customizable and works for every business in every industry, including for products, services, and even non-profits.

  11. Bplans: Business Planning Resources and Free Business Plan Samples

    Business Glossary. Definitions for common terminology and acronyms that every small business owner should know. Bplans offers free business plan samples and templates, business planning resources, how-to articles, financial calculators, industry reports and entrepreneurship webinars.

  12. How to Write a Business Plan: Guide + Examples

    Most business plans also include financial forecasts for the future. These set sales goals, budget for expenses, and predict profits and cash flow. A good business plan is much more than just a document that you write once and forget about. It's also a guide that helps you outline and achieve your goals. After completing your plan, you can ...

  13. Free editable and printable business plan templates

    728 templates. Create a blank Business Plan. Beige Aesthetic Modern Business Plan A4 Document. Document by Rise & Roar Design. Green Professional Strategic Business Plan Executive Summary. Document by Antler. Startup Business Plan. Document by Maea Studio.

  14. Business Plan: Create & Download

    External Business Plan, or Standard Business Plan. Description: A document you will present to potential investors, for loan applications, etc. This will serve as the first "impression" of your business to potential investors, so this document is immensely important. Be detailed, polished, and well-formatted.

  15. Write your business plan

    Learn how to write a business plan quickly and efficiently with a business plan template. Choose between traditional or lean startup formats and get examples, tips, and resources.

  16. How To Write A Business Plan (2024 Guide)

    Describe Your Services or Products. The business plan should have a section that explains the services or products that you're offering. This is the part where you can also describe how they fit ...

  17. Free Business Plan Generator

    Creating a business plan requires filling in 4 critical fields—company overview, marketing details, competitor information, and financial overview. Let's start with the first. 1. Enter the Company Overview. Provide a company overview in approximately 3-4 sentences, including your business's name, service offerings, USPs, mission, goals ...

  18. Free Business Plan Generator (AI-Powered)

    The AI-Powered Business Plan Generator shines a light on this path, offering a straightforward way to outline your vision, strategies, and financial forecasts. By providing customized, coherent business plans, this tool assists in laying down the foundation of your entrepreneurial dream, ensuring every aspect is addressed.

  19. The Best Business Plan Software

    The 10 online business plan software solutions examined in this roundup —Atlas Business Solutions Ultimate Business Planner 5.0, Enloop, EquityNet, NetEkspert iPlanner.NET, OnePlace, Palo Alto ...

  20. 550+ Sample Business Plan Examples to Inspire Your Own

    The business model canvas is a one-page template designed to demystify the business planning process. It removes the need for a traditional, copy-heavy business plan, in favor of a single-page outline that can help you and outside parties better explore your business idea. The structure ditches a linear format in favor of a cell-based template.

  21. Simple Business Plan Template (2024)

    Learn how to write an effective business plan for your startup or small business with this free template. Follow six steps to cover your mission, offer, audience, revenue, marketing and financials.

  22. Starting an Online Business: A Step-by-Step Guide

    Starting an online business can be a powerful way to launch a new product or service while reaching a wider audience. With market research, a solid business plan, a strong website, and a digital ...

  23. How To Start A Business In 11 Steps (2024 Guide)

    The best way to accomplish any business or personal goal is to write out every possible step it takes to achieve the goal. Then, order those steps by what needs to happen first. Some steps may ...

  24. How to Start an Online Business Profitably From Home (2023 Guide)

    Why Start An Online Business From Home. Online businesses can be profitable with low startup costs. The ecommerce market is growing, especially due to COVID-19, offering many opportunities. Some of the richest people in the world got their start with online businesses. With the right business plan and commitment, you can reach customers worldwide.

  25. 15 Communication Plan Templates for Professional Use (2024)

    Template #8: Change Management Communication Plan. Template #9: Stakeholder Communication Plan. Template #10: Donor Communication Plan. Template #11: School Communication Plan. Template #12: Emergency Communication Plan. Template #13: Marketing Communication Plan. Template #14: Product Launch Communication Plan.

  26. GMAT™ Official Guide 2024-2025: eBook & Online Question Bank

    Focus your studying with the Online Question Bank - Bonus: included with purchase! Tailor your practice by building practice sets targeting question type and difficulty. Discover your strengths and weaknesses with diagnostic quizzes. Track your focus areas and progress with key metrics. Reinforce concepts with flashcards and engaging games.

  27. Some OPEC+ ministers heading for Riyadh for oil output meeting, sources

    LONDON/DUBAI, June 1 (Reuters) - Despite moving Sunday's oil output decision-making meeting online, several OPEC+ ministers plan to fly to Saudi Arabia's capital Riyadh, two OPEC+ sources said ...

  28. Why more and more homeowners are dropping insurance

    Personal Finance. Home insurance was once a 'must.'. Now more homeowners are going without. Slammed by pricier policies and climate-driven natural disasters, more and more Americans are ...

  29. Google Search's AI falsely said Obama is a Muslim. Now it's ...

    For example, several users posted on X that Google's AI summary said that former President Barack Obama is a Muslim, a common misconception. In fact, Obama is a Christian. Another user posted ...

  30. Trump's Online MAGA Army Calls Guilty Verdict a Declaration of War

    Trump supporters, fringe extremists, right-wing pundits, and politicians have all posted incendiary rhetoric, including some calls for "war," following former president Donald Trump's felony ...