Are you wondering which book is best to learn how to write a business plan? If YES, here are 20 best books on how to write a business plan in 2021. Starting and running a new business to success can be quite daunting. According to reports, a little more than 1 in 5 businesses tend to crash just within their first year, this is why having a detailed business plan is vital to the success of any business.

Putting together a good business plan from scratch is a challenging undertaking that needs extensive market research, statistical analysis, financial calculations, and much more. You need to understand how to make your business case, describe why there is a demand for your product or service, explain in detail how you intend to build your team, and also explain how you are going to finance your business and remain competitive.

Business plans are quite similar to a GPS; it is possible to travel without a GPS, but it may take you longer and the possibility of getting lost is always present. So instead of having to stop and ask for directions, you can use your business plan as a map to help guide your business.

Nonetheless, here are the best business plan books to take your business dreams from idea to reality.

20 Best Books on How to Write a Business Plan

  1. The One Page Business Plan

According to reports, various corporations, small businesses, and entrepreneurs around the world leverage The One Page Business Plan process to quickly and easily establish highly focused and simple business plans. Instead of beginning with a blank piece of paper, the book and planning tool kit include business plan templates, as well as sample business plans to help get you started.

Have it in mind that the easy-to-fill-in-the-blanks business plan outline makes the process fast and easy. The book is divided into 5 unique sections… Vision, Mission, Objectives, Strategies, and Action Plans providing a useful and complete business plan format that will show you step-by-step how to write a business plan.

  1. Hurdle

Tim Berry is a globally known expert on business planning, and this book is his latest one that will help you get your business up and running. “Hurdle” extensively explains each and every step of a solid business plan in a way that anyone can understand. Also, note that you will see many examples of how to calculate profit and keep track of your cash flow.

Complete with a 53-page workbook, have it in mind you will be constructing your business plan as you read the book rather than trying to understand the fundamentals of business planning and applying them later. After you must have written a workable business plan, you will find yourself turning back to this book for advice on the everyday management and implementation of your business as well.

  1. The Secrets to Writing a Successful Business Plan

If you want a step-by-step guide, then opt for this book. Hal Shelton will expertly take you on a journey of putting together a well arranged plan. Understand what your personal style is, where to go for help and the simple errors people make when putting together a plan.

Note that putting together a marketing plan and establishing a strong management team are also topics covered in this short and simple guide. Hal’s secrets to success will ensure you spend less time putting together a business plan, freeing up time for you to focus on other aspects of your business. In addition, you will learn how to acquire a bank loan and get proven strategies for attracting investors.

  1. The Successful Business Plan

Note that this is a well detailed step-by-step guide for anyone eager to start or grow a business, and has been used over the years by close to two million entrepreneurs. It comes with expert help, worksheets to jumpstart the process, a sample business plan, tips on attracting funders, winning tips for competitions, secrets to successful crowdfunding, building a global business, and much more.

Well recognized in over 1000 business schools globally and appreciated by entrepreneurs; this guide touches every aspect of a successful business plan, from business strategy, winning over investors or lenders, and much more.

  1. Hit The Deck

Have it in mind that this book shows entrepreneurs the perfect way to create business plans, leveraging best practices used at top business schools, and with leading angel and venture capital investors. Also note that the book provides step-by-step instructions on how to think through new business ideas and prepare concise, compelling business plan presentations.

Owning to its comprehensive content, founders can plan faster, pitch more effectively, and modify their plans more easily as they get feedback from advisors and investors. Hit the Deck includes interviews with sophisticated investors, like Ted Schlein at Kleiner Perkins, and with successful entrepreneurs, like Tommy Hilfiger.

  1. Writing a Convincing Business Plan

First and foremost, this book was written by the company that has aided generations of students to prepare for standardized tests. Note that it approaches the challenge of putting together a business plan in the same straightforward, system-minded way.

Have it in mind that this book is no-nonsense: you will have to analyze your business structure, your goals, and your forecasts, and no amount of mantras will help you do so like good old-fashioned hard work. According to reviews, this is a thought-provoking book that ensures you take a closer look at different aspects of your business with plenty of questions to ask yourself. It also guides you in finding supporting data that justifies and promotes your business.

  1. How to Write a Business Plan

Regardless of what your intentions are, be it starting or selling your own business, business plans are a vital and pertinent part of the business cycle. How to Write a Business Plan offers you the expert guidance you require to make an impact with your plan, including advice on researching competitors, presenting your management skills, and successfully communicating your strategic vision.

Be it is to source funds, sell a business or develop a particular project, this is your one-stop guide to putting together the most professional and convincing business plan for a new venture. How to Write a Business Plan offers priceless help with sales, cash, and profit forecasts and is supported by the inclusion of full-length plans available to download online. This new edition has been enhanced to cover digital developments like crowdfunding, online retailing, and digital marketing.

  1. The Founder’s Dilemmas

While putting together your business plan, you will also have to bother about who will run your organization coupled with all of the other information contained inside. While the “who” of your organization can be less exciting than the “what” and “how,” staffing and leadership decisions are definitely not to be ignored.

Notably, when you are considering whether to start a business on your own, with friends or relatives, or with trusted colleagues, it is pertinent to consider extensively the decision — and this book helps you do so by analyzing why these decisions matter so much. Noam Wasserman, leveraging a decade of research, educates you on how to shape the leadership section of your business plan in order to make your company as successful as earthly possible.

  1. Burn the Business Plan

This book dissects the myth of the cool, tech-savvy twenty-something entrepreneur with nothing to lose and venture capital to burn. Notably, a good number of people who start businesses are juggling careers and mortgages. Note that the average entrepreneur is actually thirty-nine years old, and the success rate of entrepreneurs over forty is five times higher than that of those under age thirty.

Also, note that entrepreneurs who come out of the corporate world often have discovered a need for a product or service and have priceless contacts to help them get started. Well stocked with stories of successful entrepreneurs who drew on real-life experience rather than academic coursework, Burn the Business Plan is the guide to starting and running a business that will actually work for any willing soul.

  1. The Art of the Start 2.0

With this wonderful book, you can learn about perfecting your pitch, get real-world advice on bootstrapping, and obtain advice on building your team. The author Guy Kawasaki is behind the wildly successful online design service Canva. He wrote this guide extolled as the “essential guide for anyone starting anything,” to help young entrepreneurs separate the fluff from the foundation and build your business plan into one that really works for you.

Coupled with the old standards, this book seems to extensively discuss crowdfunding, social media, and other digital revolutions as well. With the knowledge imbibed in this book, you will be ahead of the competition — and much calmer, too, because you will know how to position your product with stories that create a personal connection with potential customers.

  1. Pulling Together

This book come well recommended for the leader of any team. Pulling Together is the unbelievable list of advice for achieving greatness on a team. From “Respecting Diversity” to “Building Trust,” the rules for teamwork contained in this book will inspire camaraderie and demand excellence.

Also note that what makes this book astonishing is its depth of content coupled with its gift-sized packaging. Every rule for “pulling together” is complemented with photographs, quotations, thought-provoking questions, and smart insight. Notably, it is the perfect size to be given as a gift to each person on the team and could be given as a gift to coaches, athletes, business leaders, or co-workers.

  1. Business Model Generation

Note that this is a handbook for visionaries, game-changers, and challengers eager to defy outmoded business models and create tomorrow’s ventures. If your business needs to adapt to harsh new realities, but you lack the strategy that will get you out in front of your competitors, you need Business Model Generation.

Co-created by 470 “Business Model Canvas” practitioners from 45 countries, the book comes with a wonderful, highly visual, 4-color design that leverages unique strategic ideas and tools and makes them easy to use in your organization. You will learn how to systematically understand, design, and implement a game-changing business model–or analyze and renovate an old one. In addition, you’ll have a much deeper understanding of your customers, distribution channels, partners, revenue streams, costs, and your core value proposition.

  1. Starting a Business Quick Start Guide

In his comprehensive Starting a Business Quick Start Guide, Ken Colwell explicitly noted the core fundamentals that all new entrepreneurs have to understand to get started, find success, and live the life of their dreams. Business and entrepreneurship students, small business owners, managers, and soon-to-be entrepreneurs will indeed find enormous value within the pages of the Starting a Business Quick Start Guide.

Colwell’s clear voice, extensive experience, and easy-to-understand presentation all come together to make this book a must-have resource in the library of every budding entrepreneur!

  1. The Lean Startup

According to reviews, the Lean Startup approach helps to build companies that are both more capital efficient and that use human creativity more effectively. Inspired by lessons from lean manufacturing, it depends on “validated learning,” steady scientific experimentation, as well as a number of counter-intuitive practices that reduce product development cycles, measure actual progress without using vanity metrics, and learn what customers really want.

Also note that it enables a company to shift directions with eagerness, changing plans inch by inch, minute by minute. So, instead of wasting time establishing elaborate business plans, The Lean Startup provides entrepreneurs—in companies of all sizes—an avenue to test their vision continuously, to adapt, and adjust before it is too late.

  1. The Complete Book of Business Plans

Inside this staple of the business world, you’ll find plenty of business plan templates you can leverage to boost your business and attract investors quickly. Also note that you will find advice on ensuring and sustaining motivation, how to make sure you are bringing the best possible partners onto your project, and how to push your business forward for years to come.

Have it in mind that a good part of the book is set up like a workbook and asks highly detailed questions that are expected to be answered before writing can start. These questions will also force the would-be entrepreneur to analyze and address a series of questions that many first-timers would forget or not even know to ask or consider.

  1. The 1-Page Marketing Plan

To establish and run a successful business, you have to stop doing random acts of marketing and start leveraging a well articulated plan for rapid business growth. Ideally, creating a marketing plan has been a daunting and time-consuming process, which is why it rarely gets done.

In The 1-Page Marketing Plan, serial entrepreneur and rebellious marketer Allan Dib explicitly states marketing implementation breakthrough that makes putting together a marketing plan simple and quick. It is more or less a single page, divided up into nine squares. Note that you’ll be able to map out your own sophisticated marketing plan and go from zero to marketing hero.

  1. Mind Your Business

Mind Your Business remains one of the top books that teaches you everything you need to know about how to create a successful business from scratch. Right from building your brand to designing products to identifying your legal and tax needs, note that this well detailed guide will take you through every step of the process and help you create a unique and well noted roadmap for your business.

Mind Your Business is for aspiring entrepreneurs who are savvy, ambitious, creative, and eager to establish a business and life they love. Author Ilana Griffo shares the formula that turned her creative hobby into a six-figure design studio.

  1. Creating a Business Plan for Dummies

Irrespective of what you intend to do, be it starting a new business or trading for a while, Creating a Business Plan For Dummies puts into consideration everything you need to know. In this book, you will find out whether your business idea is likely to work, how to identify your strategic advantage, and what you can do to gain an advantage over the competition.

Also, note that you will discover why a business plan doesn’t have to be a thirty-page document that takes centuries to put together but can be a simple process that you do in stages as you work through your business concept. Also know how to make an elevator pitch, create a start-up budget, and establish realistic sales projections. Also discover how to predict and manage expenses, and assemble a financial forecast that enables you to calculate your break-even.

  1. Writing Winning Business Plans

Clearly written and featuring real-life illustrative stories, Writing Winning Business Plans extensively discusses all the major elements of a successful plan. Topics include focusing on your business vision, analyzing your financials, and knowing your competition. In addition, you will learn how to really use your business plan as a tool and how to attract funding for your new or existing businesses.

Note that as business plan competitions become more intense around the world, Writing Winning Business Plans also explains how to enter and how to win these ever lucrative contests. Furthermore, how to quickly interest a potential investor, also known as the elevator pitch, is well discussed. And, as opportunities arise around the world, how to present your plan in various countries is explained extensively.

  1. Documentation: Anatomy of a Business Plan

According to experts, this book will help you create a well articulated business plan that is sure to lead you towards success. If you require some additional hand-holding to get started, this book is for you: You will understand how best to choose an organizational structure that is ideal for your business, learn how to market that business well using means and strategies that helps your business grow, and learn how to organize your business plan into the traditional sections.

Also, note that the marketing strategies in this book are priceless and you will be happy to see financial documentation reviewed deeply. Howbeit, it is not the most glamorous part of your business, but it is vital to your business success. This book will also walk you through five sample business plans and also provides helpful hints to accompany the worksheets provided for drafting your own project.

Solomon. O'Chucks