“FAILING TO PLAN IS PLANNING TO FAIL” What is a business plan? What is the advantage of making one? A business plan is merely a tool that helps to get an entrepreneur’s onto paper. It is a way that an entrepreneur has to show his knowledge of the market he is entering into, the numbers he thinks he can achieve and what how he imagines the final structure of his company to be. 543,000 new business start each month, according to Fobes.com, a business plan helps to make your plan look better, well at least on paper. At the very least, the process of putting a business plan together (not the type that you would do to get finance from a VC or an angel), but an honest attempt at what you expect to do – will make you think about some of the key aspects such as customers, products, location, demographics, and risk as well as an introspection on how well do you yourself...



