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Business Plan for Starting an SMB

Factors for a Successful Business Plan

 
Business Plan How to Start a Business Online Business Starting a Small Business MBA Education
 

Factors for a Successful Business Plan


Factors for a Successful Business Plan

1st, The Business Concept

2nd, Understanding the Market

3rd, Industry Health and Trends

4th, Consistent Business Focus and Clear Strategic Position

5th, Capable Management

6th, Ability to Attract, Motivate, and Retain Employees

7th, Financial Control

8th, Anticipating and Adapting to Change

9th, Company’s Values and Integrity



Why Businesses Fail?

1st, Lack of Planning

2nd, Poor Management

3rd, Lack of Adequate Information

4th, Undercapitalization

 

 

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