How To Write A Business Plan
Writing a business plan is a fundamental step to ensuring your
business has every chance of succeeding. Common statistics state
that 9 out of 10 businesses fail on the first 5 years of
operation, and of the remaining 10%, 90% fail in the following 5
years. Why? There may be a number of reasons - from poor
customer service, inadequate product, poor logistics management
and cost control. However, the number of businesses that do not
define their goals and map out their path to success is
phenomenal. Taking the step to define your business goals, plan
where you want to go and what you want to achieve will place you
in an increased position of future success and realization of
your dreams.
Below is a list of the areas you need to consider when writing
your business plan. These steps will help define the business
goals, the reason for existence (of the business), and define
the direction you will take.
Step 1