Trick or Treat!

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(Last Updated On: October 31, 2014)
Trick or Treat
Trick or Treat
Here’s a TREAT  data point for you on this Friday. Did you know that companies and emerging entrepreneurs that spend time to write a business plan double the probability of getting external funding? That includes professionals with a corporate job that are entertaining the business viability of their idea (after all, your friends and family would have to support your exploration financially). Obviously, it’s a common sense to write a business plan.
Here’s a TRICK question for you: what percentage of companies actually spend time to write a business plan?
TREAT answer: About 40%
Now that you know that competition can be complacent, don’t do the same and feel free to contact me if you need assistance making your idea into something more. Click here >>>
About Dragana Mendel 86 Articles
Dragana Mendel is a President and Principal Consultant at ANAGARD, LLC. In her role, she provides management consulting services to small and medium size businesses on the best strategy to achieve their short and long term goals.