17% of small businesses fail because they do not have a business plan
You might not think that number is high, but what if you were in that 17%. Looks different now, doesn’t it.
Have you thought about the plan for your business?
Seriously, you need to think about the plan for your business and actually write one out!
But having a written plan does not automatically mean that you are going to be successful. Because there are so many parts to the plan and we need to ensure that we are completing the research to include the relevant information into our business plans.
Having a plan helps out so much, more than what several micro and small business owners think.
It helps with reducing some frustration and feeling overwhelmed. I’ll be talking about burnout and how to reduce it another podcast episode. Check the library for the episode.
Through my company, I am on a mission to increase the number of small businesses that make it to 5 years and beyond. Helping business owners understand the value of a business plan is one of the ways that I want to support business owners in making it to 5 years and beyond.
So in this episode, I share 5 things that you can do for your business so that you are not in that 17% of business owners who fail because of not have a business plan.
🔥 Gain the secret to growing a successful business using our planning guide!
https://drpksolutions.com/pkcs-ebook
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Music by Lawrence “Lorenzo” Gittens. He is a Barbadian singer, songwriter, producer, and entertainer. Follow him on Instagram @246Lorenzo.