Failing to Plan is Planning to Fail! With 50% of start-up businesses failing in the first 5 years it is not surprising only 15% of new business start-ups have a detailed business plan. With such a high probability of failure in the first 5 years, we urge you not to take a gamble on your business. It’s just not worth the risk.
So if you are starting a new business or wanting to give your existing business new direction, then you need a detailed Business Plan to get you and your team focused on what matters. A Business Plan is a clear blueprint for achieving your goals and provides a map for the future vision of your business.
It need not be a terribly long or complicated document either. We suggest starting out with our simplest One Page Business Plan before progressing to an in-depth Business Life Plan. We can assist you to refocus on developing growth, profit, and liquidity and obtain a new view of the business you have, versus the business you could have.
Take the time as a business owner and as a business team to identify goals, challenges, competitors and key advantages to further develop your products, infrastructure, and human capital.