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Get ready to dust off your entrepreneurial spirit and get those creative juices flowing because December 1 marks the start of National Write a Business Plan Month! This month-long celebration is all about encouraging individuals to take their business ideas and turn them into concrete plans for success. Did you know that writing a business plan has been proven to increase the chances of a business's success? It's true! So whether you're dreaming of starting your own company or looking to revamp your existing one, now is the perfect time to put pen to paper and make it happen. Let's make this month count and turn those dreams into reality!
<div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1930s</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>First Business Plans</div><div class='timeline-text'>The concept of a formal business plan emerges, initially as a way for companies to communicate their strategies and expectations to investors.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1977</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Business Plan Software Debut</div><div class='timeline-text'>The first business plan software is developed, simplifying the process and making it more accessible to a wider audience.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1983</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Small Business Development Centers</div><div class='timeline-text'>The Small Business Administration (SBA) establishes Small Business Development Centers (SBDCs) to provide assistance in creating business plans, among other services.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>1990s</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Internet Impact on Business Plans</div><div class='timeline-text'>With the advent of the internet, business plans adapt to include online strategies and digital marketing tactics. </div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>2005</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>National Write a Business Plan Month</div><div class='timeline-text'>Establishment of December as National Write a Business Plan Month, further encouraging entrepreneurship and strategic planning.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date-text'>2010s</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Era of Startup Culture</div><div class='timeline-text'>The rise of startup culture leads to renewed interest and emphasis on the importance of solid business plans for new ventures.</div></div></div>
<div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>1</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Brainstorm your business idea</h3><p id='' class='facts-text'>Start off Write a Business Plan Month by brainstorming your business idea. Write down all your thoughts and ideas, and use this as a foundation for your business plan.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>2</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Research the market</h3><p id='' class='facts-text'>Before writing your business plan, it's important to research the market you are entering. Look at competitors, target audience, and potential demand for your product or service.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>3</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Attend a workshop or seminar</h3><p id='' class='facts-text'>Check if there are any workshops or seminars in your area that focus on writing a business plan. This can be a great opportunity to learn from experts and get hands-on guidance for creating a successful plan.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>4</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Create a timeline and budget</h3><p id='' class='facts-text'>In your business plan, include a timeline and budget for your business. This will help you stay on track and set realistic goals for the future.</p></div></div><div id='' class='facts-item'><div id='' class='facts-header'><h3 id='' class='facts-number'>5</h3></div><div id='' class='facts-text-wrapper'><h3 id='' class='facts-title'>Celebrate with a launch party</h3><p id='' class='facts-text'>Once your business plan is complete, celebrate by hosting a launch party! Invite friends, family, and potential customers to introduce your business and start spreading the word.</p></div></div>
<div id='' class='whywelove-item'><div id='' class='whywelove-letter-cont'><div class='whywelove-letter'>A</div></div><div id='why-we-love-main-cont'><h3 id='' class='whywelove-title'>It helps you clarify your business goals and strategies</h3><p id='' class='whywelove-text'>Creating a business plan forces you to think critically about your business and what you hope to achieve. It allows you to outline specific goals, identify potential challenges and come up with strategies to overcome them. This clarity is essential for the success of any business.</p></div></div><div id='' class='whywelove-item'><div id='' class='whywelove-letter-cont'><div class='whywelove-letter'>B</div></div><div id='why-we-love-main-cont'><h3 id='' class='whywelove-title'>It gives you a roadmap for success</h3><p id='' class='whywelove-text'>A well-written business plan serves as a roadmap that guides you through the different stages of your business journey. It helps you stay focused on your objectives and make informed decisions. Without a plan, it's easy to get off track or lose sight of your initial vision.</p></div></div><div id='' class='whywelove-item'><div id='' class='whywelove-letter-cont'><div class='whywelove-letter'>C</div></div><div id='why-we-love-main-cont'><h3 id='' class='whywelove-title'>It increases chances of funding and investment</h3><p id='' class='whywelove-text'>When approaching potential investors or lenders, a solid business plan can give them confidence in your ability to succeed. They want to see that you have put thought into every aspect of your business and have a clear plan for turning a profit. Having a solid plan in place can greatly increase your chances of obtaining funding or investment.</p></div></div>
<div class='facts-item'><div class='facts-number-wrapper'><p class='facts-number'>1</p></div><div class='facts-core-content'><h3 class='facts-title'>Business Plans Improve the Odds of Success</h3><p class='facts-content'>A well-structured business plan can make a business up to 16% more likely to achieve viability, according to a Harvard Business Review study. This is due to rigorous planning and research involved.</p></div></div><div class='facts-item'><div class='facts-number-wrapper'><p class='facts-number'>2</p></div><div class='facts-core-content'><h3 class='facts-title'>Keeps Your Business on Track</h3><p class='facts-content'>Studies show that businesses with a detailed plan are more likely to grow their operations and witness business success, since business plans can act as an operational guide.</p></div></div><div class='facts-item'><div class='facts-number-wrapper'><p class='facts-number'>3</p></div><div class='facts-core-content'><h3 class='facts-title'>Attracts the Right Talent</h3><p class='facts-content'>A comprehensive business plan with clear vision and goals can attract the right employees and partners to your venture since it provides transparency about your future direction.</p></div></div><div class='facts-item'><div class='facts-number-wrapper'><p class='facts-number'>4</p></div><div class='facts-core-content'><h3 class='facts-title'>Emergence of New Business Plan Formats</h3><p class='facts-content'>In recent years, shorter, visually-appealing, and data-focused business plan formats like pitch decks and infographics have emerged, particularly favored by tech startups.</p></div></div><div class='facts-item'><div class='facts-number-wrapper'><p class='facts-number'>5</p></div><div class='facts-core-content'><h3 class='facts-title'>Strategic Thinking Development</h3><p class='facts-content'>Writing a business plan helps to develop strategic thinking skills, being essential for decision-making and long-term business strategies. It teaches entrepreneurs the art of strategizing for every possible scenario.</p></div></div>
National Write a Business Plan Month is celebrated on December 1 every year. In 2024, it will fall on a Sunday.
2023
Dec 1
Friday
2024
Dec 1
Sunday
2025
Dec 1
Monday
2026
Dec 1
Tuesday
2027
Dec 1
Wednesday
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