Statistics shows Start-Up Businesses has a low mortality rate, 90% of those who have started failed within the first five (5) years of their operations and on the remaining 10% only 1% succeed. Some of the reasons are 1. Demand and Product Mismatched; 2. Cost of production was not monitored; 3. Wrong methodology of delivery, and the main culprit is the LACK of foresight and proper planning written in a BUSINESS PLAN.
Writing a BUSINESS PLAN will come in handy in the long run, it need not be long or too detailed, important thing is you know the “in and out” of your business. Things that you must know by HEART, the Vision and Mission, Goal and Objective of your business. When things get rough and you want to stop and quit, go back to your “PURPOSE” para kanino ang pag hihirap mo? For whom do you offer your sacrifices?
Your BUSINESS PLAN will put your business on the path to success and will anchor all your activity and effort towards the achievement of your GOAL.
This vlog will introduce the 9 Aspects as a guide in writing a BUSINESS PLAN, gearing towards a successful business
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