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The hedgehog was engaged in a fight with

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Branding,Business Plans,Entrepreneurship,Inspirational,Personal development,Uncategorized

MOST ENTREPRENEURS DON’T PLAN TO FAIL, THEY FAIL TO PLAN

I periodically read research reports about business failures. I always find them interesting, although often they are depressing. Such as what I recently read. Which was research from Bradley University in Peoria, IL. This research found that 70% to 80% of new businesses fail within their first year. And while this was frustrating enough to read, the research further stated that half of those companies which do survive the first year will fail within the next four years. Now, let's turn to the cause of this failure. According to Dun & Bradstreet, the number one cause of this failure is...
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What makes a good plan?

What factors are involved in creating a good business plan? Is it the length of the plan? The information it covers? How well it’s written, or the brilliance of its strategy. No. The following illustration shows a business plan as part of a process. You can think about the good or bad of a plan as the plan itself, measuring its value by its contents. There are some qualities in a plan that make it more likely to create results, and these are important. However, it is even better to see the plan as part of the whole process of...