October 2021

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How to Prepare a Proper Business Plan - 11:30 am to 1:00 pm

How to Prepare a Proper Business Plan

11:30 am to 1:00 pm

It is a well-known fact that more than 60% of new businesses will fail in the first three years of their existence. A well-thought-out business plan, while not guaranteeing success, will increase the probability of a company becoming successful. Besides all the benefits of developing a comprehensive Business Plan, there are two main purposes it serves. First, it acts as a roadmap for the entrepreneur to guide him/her through the steps necessary to conduct a particular business. Second, it is a necessary document to be used in acquiring funding from banks or other funding sources such as venture capitalists or angel investors. Also, a Business Plan allows you to discover any weaknesses in your business idea. The Business Plan is a “living document” that is updated periodically to make corrections as necessary that reflect industry changes or trends, market conditions or other events not initially anticipated.

 
 
 
 
 
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