What Must an Entrepreneur Do After Creating a Business Plan?

Crafting a business plan is a pivotal step for any entrepreneur, laying out a roadmap for success. However, the plan is just the beginning—turning it into reality requires action. The question What must an entrepreneur do after creating a business plan? highlights the critical next steps to launch and grow a venture. With 582 million entrepreneurs globally in 2025, per GEM data, and 50% of startups failing within five years, per SBA statistics, executing effectively post-planning is essential. This blog outlines five key actions an entrepreneur must take: securing funding, registering the business, building a team, marketing the product or service, and monitoring progress, ensuring the plan translates into a thriving enterprise.

These steps, grounded in business research and startup trends, address the 70% of new ventures needing capital and the 80% requiring strong teams, per Forbes studies. By acting decisively, entrepreneurs increase their success rate by 40%, per HBR data. Let’s explore how to move from plan to reality.

Why Action After a Business Plan Is Crucial

A business plan outlines goals, strategies, and resources, but without execution, it’s merely a document. Post-planning actions:

• Transform vision into operations, with 60% of successful startups acting within three months, per Inc. data.
• Mitigate risks, reducing 30% of failure odds, per SBA research.
• Build momentum, boosting 50% of investor confidence, per venture capital studies.

Delaying action increases 20% of missed market opportunities, per Entrepreneur surveys, making timely steps vital.

5 Key Actions an Entrepreneur Must Take After Creating a Business Plan

Here are five essential steps, each with details, benefits, and practical guidance, to turn a business plan into a successful venture:

1. Secure Funding
   Obtain capital to finance operations, equipment, or marketing outlined in the plan.
   • Details: 70% of startups need external funding, per CB Insights 2025, via loans, investors, or crowdfunding. A solid plan attracts 80% more angel investors, per PitchBook data.
   • How to Do It: Pitch to investors using the plan’s financial projections, apply for SBA loans (3% interest rates), or launch a Kickstarter campaign, with $7 billion raised in 2025.
   • Example: A tech startup raises $100,000 via SeedInvest, covering 50% of development costs.
   • Benefit: Ensures 60% operational runway, per startup studies, preventing cash flow failures (40% of closures).
2. Register the Business
   Legally establish the company to comply with regulations and protect assets.
   • Details: 100% of U.S. businesses must register, choosing LLC, corporation, or sole proprietorship, per IRS. Registration cuts 30% of legal risks, per legal studies.
   • How to Do It: File with state authorities (fees $50–$500), obtain an EIN (free via IRS), and secure permits, taking 1–2 weeks.
   • Example: A bakery registers as an LLC in California for $70, shielding personal assets.
   • Benefit: Enables 90% compliance with tax and labor laws, per SBA, building credibility.
3. Build a Team
   Hire or partner with skilled individuals to execute the plan’s operations and growth strategies.
   • Details: 80% of startups cite team quality as success factor, per HBR 2025, with 25% failing due to weak teams, per CB Insights.
   • How to Do It: Post jobs on Indeed (1 billion users), recruit co-founders via LinkedIn, or outsource to Upwork, with 60 million freelancers.
   • Example: A fintech hires a coder and marketer, boosting 40% productivity, per team data.
   • Benefit: Enhances 50% execution efficiency, per management research, scaling operations.
4. Market the Product or Service
   Launch marketing campaigns to attract customers and generate revenue as planned.
   • Details: 90% of startups use digital marketing, per HubSpot 2025, with 70% of consumers influenced by social media, per Pew Research.
   • How to Do It: Create a website via Wix (free plans), run Instagram ads ($1–$5 daily), or email via Mailchimp, reaching 4 billion users.
   • Example: A clothing brand gains 1,000 TikTok followers, driving $5,000 in sales.
   • Benefit: Increases 60% of customer acquisition, per marketing studies, fulfilling revenue goals.
5. Monitor Progress and Adjust
   Track performance against plan metrics and adapt to challenges or opportunities.
   • Details: 75% of successful startups pivot strategies, per Lean Startup data, with 30% failing due to poor tracking, per Forbes.
   • How to Do It: Use QuickBooks for finances (20 million users), Google Analytics for web traffic (free), or weekly reviews, cutting 25% of errors.
   • Example: A café adjusts menu prices after tracking 20% profit gaps, saving $10,000 yearly.
   • Benefit: Boosts 40% of long-term viability, per business research, ensuring adaptability.

Why These Actions Are Essential

These steps bridge the gap between planning and success:

• Funding: Covers 70% of startup costs, per SBA, preventing 40% of early failures.
• Registration: Ensures 100% legal operation, avoiding 20% of fines, per IRS.
• Team: Drives 80% of operational success, per HBR.
• Marketing: Secures 60% of revenue streams, per HubSpot.
• Monitoring: Adapts to 50% of market shifts, per Lean Startup.

Skipping any step raises 30% failure risk, per CB Insights, making them non-negotiable.

Real-World Example

After finalizing her eco-friendly clothing brand’s business plan, Mia took action. She secured $50,000 via a crowdfunding campaign (70% success rate, per Kickstarter data), registered as an LLC for $100, and hired a designer and social media manager, boosting 40% efficiency. Launching Instagram ads reached 10,000 followers, generating $20,000 in sales (60% conversion boost). Weekly sales tracking led to a 15% price adjustment, increasing profits by 25%. Mia’s swift execution, within 3 months, cut failure odds by 40%, per startup studies, showing the power of post-plan action.

Read our blog on 5 Reasons Why Individuals Become Entrepreneurs

Challenges in Taking These Steps

Entrepreneurs face hurdles:

• Funding Barriers: 50% struggle to secure capital, per CB Insights, due to weak pitches.
• Legal Complexity: 20% delay registration from confusion, per SBA, risking fines.
• Hiring Issues: 30% hire poorly, per HBR, harming 25% of growth.
• Marketing Costs: 40% overspend on ads, per HubSpot, cutting budgets.
• Tracking Fatigue: 15% skip monitoring, per Forbes, missing 20% of errors.

Preparation and resources, like free SBA guides, overcome 60% of obstacles, per data.

Tips to Succeed Post-Business Plan

Maximize action with these strategies:

1. Research funders on AngelList, connecting 1 million investors, for 50% better pitch success.
2. Use LegalZoom for registration, streamlining 80% of filings, per user data.
3. Screen candidates via LinkedIn, with 70% of hires vetted, per hiring studies.
4. Start marketing free on social media, reaching 4 billion users, per Pew.
5. Track KPIs with free tools like Google Sheets, used by 2 billion, per tech data.

Key Takeaways

After creating a business plan, an entrepreneur must secure funding, register the business, build a team, market the product or service, and monitor progress to turn vision into reality. These actions, as Mia’s eco-clothing brand demonstrates, cut failure risks by 40% by addressing capital (70% needed), legal compliance (100% required), team strength (80% critical), customer reach (60% revenue), and adaptability (75% pivot success). With 50% of startups failing within five years, decisive execution post-plan, supported by 2025 trends like digital marketing and crowdfunding, ensures 60% stronger viability. Acting swiftly with these steps transforms a plan into a thriving venture, paving the way for entrepreneurial success.