What makes an effective business plan and why some business plans fail?
Not being realistic\n\n If you're writing a plan for your new business venture, it is easy to get carried away and be over-optimistic about how much money you will make. However, this could be a fatal mistake and could cause your business plan to fail. Business plans should be realistic about future growth and profits.
What are 7 reasons businesses fail?
Poor resource management, an inadequate business plan (or the lack thereof), failure to track finances and ineffective marketing are probably the most common reasons that lead small businesses to failure.
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