Writing a business plan is so important for a business because it serves as a design for building a successful company. There are many reasons why business plans fail; however, I found some that to me are really important to take in consideration when designing a business plan. For example, a lot business plans do […] Continue reading →

I believe that a business plan should be built on 6 element. These 6 elements are company culture, structure, strategy, skills, systems and finally a budget. It starts off with the company culture. This is what the company believes in and the values it is based on. It helps to make decisions on what is […] Continue reading →

To make my point as clear as possible, I’ve decided to attack this question from a different angle. When my sister was getting married, there were a lot of things she and her fiancé had to consider. Building a business plan is sort of the same as building your wedding, so think about business planning … Continue reading Why Most Business Plans Fail → Continue reading →

In my opinion there is no right answer for this question, since it is a question that every entrepreneur face some day and only a few get a succesfull answer for it. However, I am going to mention what for me are the key points for a succesfull business plan.  First of all, the business … Continue reading Why do business plans fails? → Continue reading →

A business plan is a twenty-five to forty-page written document that describes where a business is heading, how it hopes to achieve its goals and objectives, who is involved in the venture, why its product(s) or service(s) are needed in the marketplace, and what it will take to accomplish the business aims.  There are three … Continue reading Why do business plans fail? → Continue reading →

A business plan could fail for one of many reasons ranging from lack of information such as not conducting or including any primary research, the executive summary is unclear, or being heavily dependent on intellectual property as the only means to retain customers. Also a business plan should not be too long (over 25 pages) and must … Continue reading Why Business Plans Fail? → Continue reading →