Writing a business plan is an essential steps when starting or growing a business. This step-by-step guide will show you how to create a business plan that can help you achieve your goals.Executive SummaryThe executive summary is what readers will see first. Important points to cover:- Business name and location- The purpose of your business- You
Many businesses fail within the first few years due to unrealistic expectations. Whether you’re starting a side hustle, these factors will help you avoid costly mistakes.Define Your Business ConceptA strong business starts with a marketable idea. Consider these factors before moving forward: - Does my business solve a real problem?- Who are
Launching a business from nothing is a serious challenge, but with the right steps, it’s absolutely achievable.Step 1: Find Your Business Idea Without a clear business idea, your startup might not gain traction. Look at what interests you and where there’s a need in the market. Reflect on the following: - Is there a common issue I can addre