If you fail to plan Then you plan to fail!
It's funny how we all know these saying even from our childhood. And when the time comes to use it as an actual guide, we totally ignore it.

Let me tell you What happened to my smart Friend, Tolu.

When he started his little business in 2011, He didn't do any statistical surveying. He never knew if he will love that business, no strategy for success or a paty and consumption structure even the rule issue was to keep up the market.

From the first day he accepted control over the company. He got exhausted and overweight with work and unnecessary utilization that he has not masterminded.

It came as a shock to him, so he started getting frustrated and dissatisfied.

After a couple of months, he had lost the vitality for that business. He was at the verge of giving up!

What Later Happened? The Business Failed

He was limited by what he could see! He didn't have any money to do the notoriety of the enterprise, and there was no business.

He didn't have enough cash to buy the stock to offer, was missing rent instalments for the business premises.

He couldn't make the public supplies to poor worldwide customers, and it felt like a disaster. They had one staff, and that staff abused their short comings.

Like that wasn't enough, they had a robbery moreover, which further worsened the matters.

The police got included, and the company got whipped by the thieves. Yeah obviously, we know the police won't help much. This was the end of the business

Why Did He Fail?
He underestimated the hard work involved in a small business.

He didn't fully understand the amount of money that will be needed to run a business.

He opened that business for his partner without realizing his lack of commitment

Both of them didn't know the seriousness of running a business.

He thought they were too smart and could do anything without failing. (Funny how we all think this without having any practical knowledge about running a business.)

Most times businesses that fail deserves it because they haven't planned enough to run the business.

Hate to be the one to break it to you but that's just how it is.

According to Forbes.com, 90% of start ups fail and only 10% succeed their first year!

That means 9 out of every 10 people that start a business will fail!

Most of the businesses will fail in the first year.
Reasons for failure are no plan, no marketing insufficient funds and poor management. In short, No business plan.

Cold statistics like these are not intended to discourage entrepreneurs, but to encourage them to work harder and SMARTER!

All these could resolve with a business plan because it helps you to;

-Set your goal, finance analysis, proper management

-Plan and set ways to meet your goals Makeup of the business plan to borrow money

-Have a marketing plan.

-Have an operational plan.

Specifically a business plan helps you to;

- Identify the weak areas of your business

-Make financial monitoring possible.

-Find the target areas for your potential customers.

-Keep comparing your results maybe on a monthly basis

It frees you from the shackles of making mistakes on a continual basis.

Even before you start the business, you will know the possibility of success


My Advice to Entrepreneurs or Aspiring Entrepreneurs
Before you splash the cash on setting up your new business, it’s important to first complete a business plan.

The process of writing a business plan can seem like a chore when you’re eager to make the idea in your mind a commercial success.

However, with high failure rates for new businesses, a business plan is an essential tool for keeping your business on the right path to success.

Is Writing a Business Plan Rigorous?
Yes it is, a lot of things has to be considered but it'll be totally worth it in the end. It'll save you from wasting your time and finances on a business with Zero chance of success.

The Good News
I've made my research and I've discovered a very reliable platform that'll make the process easier, Business-in-a-Box.

Infact, when you have anything that has to do with business paper work and all those annoying stuffs. Business-in-a-Box is your go-to-Bot.

It offers easy to use templates that save you time and helps you to create the ultimate roadmap for your business.

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Is this Legal?
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It is practically meant to save you from stress as a start up.
You have a complete guide for your business plan already made available for you. All that is required of you is just picking a template and filling some details.
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A business plan includes;

EXECUTIVE SUMMARY
OVERVIEW
PRODUCTS AND SERVICES
MARKET ANALYSIS
OPERATIONS
MANAGEMENT PERSONNEL
MARKETING
FINANCES


Creating the ideal business plan that impresses potential investors can be a long and complicated task.

It can be frustrating to spend your time and effort into a plan. Only to find out you’ve missed essential information that puts a halt in your plans.

Business-in-a-Box understands the need to get it right so that you can start achieving your business goals.

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When was the last time you reviewed your business plan?


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