Blog


Recent trends, advice, and resources for business plans and early stage business development.

Strategy

Why the Management Summary Might be the Most Important Part of Your Business Plan

8 min read

How to Write a Management Summary for Your Business Plan

Entrepreneurs are often celebrated for their uncanny ability to understand others – their customers, the market, and the ever-evolving global...

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Slower & Steadier: The Popularity of Venture Debt

4 min read

Understanding Venture Debt vs Venture Capital

Despite growth in sectors like artificial intelligence, venture capital funding has seen better days. After peaking at $347.5 billion in 2021, there...

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Seeking Startup Success: Understanding the Role of Business Plan Consultants

7 min read

Going Beyond Writing: The Multifaceted Role of Business Plan Consultants

Most people think of a professional business plan company primarily as a "business plan writer." However, here at Masterplans, we choose to approach...

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Anchors Away! How the Cruise Industry Mitigated Risk to Rebound from the Pandemic

5 min read

How an Entrepreneur Can Decrease Risk

It's often said that it's not easy to turn a big ship, especially when it's in motion. After all, changing its course is a slow and deliberate...

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How Long Will It Take To Write My Business Plan?

8 min read

How Long Does It Take to Write A Business Plan? Well, It Depends.

You've been thinking about this for a decade. You are going to open the perfect coffee shop. You've worked at three different cafés in the last nine...

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A look inside the topsy turvy world of financial modeling (it's not all smoke & mirrors)

7 min read

How To Forecast Revenue for a Startup

Every business owner knows that a business plan or investor pitch would be incomplete without a comprehensive financial projection. This tool is used...

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How To Implement Your Business Plan

7 min read

Implementing Your Business Plan: A Marathon AND a Sprint

As a runner, I know the feeling of lacing up my shoes, stepping out the door, and hitting the pavement. It's not always easy. Some days, I'm full of...

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Igniting Success: How Your Business Plan Can Fuel Growth & Innovation

7 min read

Understanding The Distinction Between a Business Plan & Business Planning

In the dynamic world of entrepreneurship, our choice of words matters. Our vocabulary can often become a veritable alphabet soup of jargon, acronyms,...

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The High Wire Act of Business Planning by Masterplans

8 min read

Common Mistakes to Avoid When Writing a Business Plan

Crafting a business plan is a delicate balancing act. It demands a deep understanding of your market, a clear value proposition, realistic financial...

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Targeting Success: Strategic vs. Tactical Approaches to business planning

5 min read

The Role of Strategic and Tactical Business Planning

Every entrepreneur dreams of turning their vision into a successful reality. But, as many people have discovered, including myself, turning a dream...

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Navigating the Storm: How Startups Pivot

6 min read

Top 5 Proven Business Strategies to Pivot During a Recession & Beyond

A few weeks ago, I wrote an article discussing how the current economic climate and the possibility of a recession hasn’t deterred recent Masterplans...

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The Circular Economy & Your Business Plan by Masterplans.com

4 min read

How to Write a Business Plan for the Circular Economy

In case you haven’t heard, we’re in a climate crisis. Traditional linear business and economic models demand endless growth, yet we do not have...

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Groupthink & the Pendulum Effect: Why the Only Thing We Have to Fear is Fear Itself

5 min read

Why “Recession-Proof” Isn’t in the Entrepreneur’s Mindset

In recent months, the headlines have been dominated by concerning economic developments.

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Art of the Pitch Deck: Products & Services

7 min read

How To Effectively Showcase Your Product or Service in Your Pitch Deck

Convincing potential investors to support your vision is no easy feat, especially if they don’t fully grasp the nature of your business. The...

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Putting the Fun in Funding!

9 min read

Choosing the Right Option to Fund Your Startup Business

Starting and growing a business is a challenging process that demands much more than just a brilliant idea. In the world of business, it is a...

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Frame Your First Dollar by Focusing on These Early-Stage Marketing Tactics

12 min read

Marketing for Startups: How to Make Your First Sale and Build Your Business

I may be showing my age in this era of tap-to-pay, but I remember when many businesses displayed a framed one-dollar bill on the wall. Perhaps you’ve...

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