Business plan

Question 1

contents of a business plan

Answer 1

executive summary
operational/production plan
the business opportunity
marketing plan
financial forecast

Question 2

why do u need a business plan

Answer 2

1. to grow your current business
   2.seek investment for a business
2. make a new business
3. to sell your company
   5.grow new businesses alliances
4. appoint new persons

Question 3

key success factors of your business

Answer 3

sell each unit at a profit margin
continue to reduce product
find and retain customers
create and maintain customer satisfaction

Question 4

why businesses fail

Answer 4

bad business ideas
employee compensation is not compatible
the team is not well balanced false assumptions for the projection.
not having the right people involved
failure to improve business plan after year
leadership problem
improper budgeting

Question 5

how to avoid business failure

Answer 5

leaders should know the ins and outs of the business plan
money mater invest strategically
tay motivated and know your brand
be competitive
focus on your principles