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
