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Why do you need a plan? Well, you wouldn’t build a house without a blueprint; would you? It just makes good sense to have a plan. Most business people know that it makes sense intuitively, but, most small businesses start without a plan. Most small businesses also fail in the first year or two.
The sad part is that businesses generally fail for only a few very preventable reasons. The planning process identifies the areas at a time when they can be addressed; before its too late. Depending on who you ask here are the most common reasons for business failures.
- Bad or No Planning
- Lack of Capital
- Product Non-Viability
- Business Non-Viability
- Management Ineffectiveness
- Lack of Competent Employees
Some of these reasons for failure are the result of others. Top of the list is not having enough capital or overspending what is available in a way that doesn’t help provide for the resolving the reasons that follow it. Good planning helps solve every one of these reasons for failure.
Types of Business Plans
There are different types of business plans for different purposes. Business plans can contain different types of elements as well. Do you want a strategic business plan, marketing plan, capital acquisition plan, plan for debt financing, short term, long term or product development plan. There are other types of plans as well. The complexity and purpose of the plan determines the time and expertise required to put it together. Is the plan for a very small business or for a larger business. Where will you start?
We have three basic sizes of plan as follows:
- Basic Plan Outline
- Simple Business Plan
- Pro Business Plan
These three types can be customized for different purposes. Naturally the Basic and Standard Plans are much shorter and less complex than the Complex Plan; they are also much more affordable. We have a Business Plan Writing service for every budget.