We are committed to researching, testing, and recommending the best products. We may receive commissions from purchases made after visiting links within our content. Industry Email List Learn more about our review process. Starting a new business is a lot more complicated than just having a “million-dollar idea.” Considering that a little more than Industry Email List 1 in 5 businesses fail within the first year, according to data from the Bureau of Labor Statistics,1 having a well-thought-out business plan is crucial. In fact, it's necessary if you hope to attract investors or borrow funds.
Writing a business plan from scratch is a huge undertaking that requires market research, statistical analysis, financial calculations, and more. Industry Email List You have to learn how to make your business case, describe why there’s a need for Industry Email List your product or service, share details of how you'll build out your team, and explain how you’re going to finance your venture and stay competitive. To get started, consider investing in a book or two to help craft the perfect business plan. Here are the best business plan books to take your entrepreneurial dreams from idea to reality. Best Overall: Hurdle
The Book on Business Planning BUY ON AMAZON Tim Berry is a world-renowned expert on business planning, and this book is his latest one that will help you get your business up and running. "Hurdle" breaks down each and every step of a solid business Industry Email List plan in a way that anyone can understand. You will also see plenty of examples of how to calculate profit and keep track of your cash flow. Complete with a 53-page workbook, you’ll be Industry Email List constructing your business plan as you read the book rather than trying to learn the fundamentals of business planning and applying them later. Once you’ve written a workable business plan, you will find yourself turning back to this book