Copy of Business Plan

How many businesses last past the first 5 years

• 1:10

• 1:15

• 1:20

What percentage of business fail within the first 5 years

• 90%

• 70%

• 10%

What is the MAJOR reason a business fails

• Poor customer service

• Poor logistics and cost management

• Inadequate product

• Lack of a business plan

Why is it imprtant to write down your vision for the company?

• It helps your staff identify with the mission and help you defirne it.

• So competitors can see how your vision drives your company. 

Define shorterm and midterm goals. 

WHy do you think it is important to know your customer? Refer to the video to help support your answers.   Write at least 3 sentences. 

Did you make it to the end of the video?

• yes

• no