Why Make a Business Plan?

In many cases business plans are very important but so much of the time it’s a plan to try to convince someone else that you know what you are doing with your business like banks, investors, partners, etc. Now it’s true that a well written business plan can also be a major benefit to your success as well if done right. It can guide you and keep you on track and can be the vehicle to get you were you want to be especially with so many outside forces now days that bombard you. A plan can be extremely important to your success especially when you look at the statistics that says 51% of small businesses fail sometime during their first 5 years.

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A Sample Catering Business Plan Template

Before you start a catering business it is wise to put together a comprehensive business plan. It is important to set out clearly what you hope to achieve in business and to set measurable goals. Having a business plan will give you direction and keep you on a course for success.

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An Effective Business Plan for a Boutique to Propel Your Business to Success

If you are passionate about fashion and know enough about the latest trends, then you might want to operate your own boutique. Being knowledgeable about fashion is a good starting point but it is not enough to make your boutique a successful business. You need an effective business plan for a boutique so you can lay out everything in details for you to study. First, you need to know what entails a boutique business. You need to buy products, usually from wholesalers, and retail the items to your customers. You can open a shop in malls where there is a huge potential of attracting numerous customers or you can choose a site where there is a convergence of your target customers.

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