A good business plan fairly identifies employee strengths and weaknesses. For example, your management team may be heavily engineer-oriented but lack marketing experience.

Searching for a free business plan template? Explore examples in our guide to kickstart your planning process and achieve your entrepreneurial goals.

Example of a Business Contingency Plan. Starting and running a small business is an inherently risky practice because there is no guarantee that a new venture will attain profitability.

Where to Find Hundreds of Business-Plan Examples These samples will be incredibly helpful to you as you begin writing your own business plan.

A business plan explains what your business does now and where you hope to be in three to five years. You may need one to apply for a business loan.

A good business plan anticipates and accounts for new competitors. Now distill what you’ve learned by answering these questions in your business plan: Who are my current competitors?

A good business plan helps you identify your mission and your value proposition. We test top business plan creation tools that help you build and track your organization's future.

Writing a business plan can help you determine if your idea is feasible and provide direction. Business plans should avoid fluff, be realistic, and include visuals.

Entrepreneurs, executives and venture capitalists discuss how to craft a business plan that will impress investors and be a good road map for your company.

What are some good tips for first-timers who want to write a good business plan? This question was originally answered on Quora by Bo Ghirardelli.