Source: University of Oregon Department of Economics
However, only 40% of new ventures spend time developing a business plan and putting it in writing.
Writing a business plan doubles probability of funding
Benchmark
The State of US Small Businesses
(Last Updated On: December 4, 2013)
Startups
Where are good startup business plans?
(Last Updated On: September 5, 2015)Martin Zwilling, a startup mentor and angel investor, posted recently on Gust (Startup Funding & Angel Investing – Gust) a very pointed article on Why are Good Business Plans So Rare These READ >>>>
Small Business
How to write an ultimate business plan in 5 easy steps
(Last Updated On: July 10, 2015)You clicked on it, didn’t you? There are no five easy steps to writing a business plan, no shortcuts; there’s no such thing as free lunch. I have written dozens READ >>>>
“Although it took several weeks and I’ve barely looked at it since, I credit my business plan for helping me understand a brand-new industry in an extremely deep way before actually entering it, and for forcing me to deeply examine how we would fit into the market and what TalentEgg’s probability of success was. As a “risk averse” entrepreneur, it was critical. “ ~ Lauren Friese , TalentEgg Inc.
The fundamentals of business plan writing remain the same, but there are some crucial changes these days that you should keep in mind when crafting your plan.