Over the last few weeks, I have been thinking about business plans and how they relate to the success rate of a start-up business. It seems that most of our countrymen think that is the lack of capital that is plaguing one from starting his or her own entrepreneurial venture. What a tragedy!
A business plan need not be complicated. The 'how to do' part of the business plan cannot be covered in this little article, but as soon as one is interested to scout for resources about this subject, one would discover that there is a wealth of knowledge. The creation and the writing of a business plan helps the Entrepreneur 'think through' the nitty gritty process of the business, see opportunities, risks, profitability which can be very helpful in planning, strategizing to manage risks.
A business plan proves that it is the process that makes one rich and not money. Writing a good business plan takes time and practice. You may want to seek a mentor that can help you out in writing the ultimate business plan that others would want to read and invest in.
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