The Value Of A Business Plan

What is the current status of business plans between Spanish entrepreneurs? The business plan is one of the forgotten ones when it comes to starting a business. However, its importance is vital to ensure the proper functioning of our future project.

We all know the famous statistic that says that 9 out of 10 companies have to close their doors before the fifth year of life. We should note that the statistic is correct, but before frighten us, we should inquire what are the reasons.

The three main causes of failure among Spanish entrepreneurs are:

Bad choice of target market

Poor financial planning, lack of financial resources

Lack of business planning, successful death

We discovered astonished that at least two of the three major causes could be addressed through a well-conducted through the business plan. Why then is not more? Probably due to lack of knowledge and also lack of awareness.

People who have no knowledge in business management, often think that business owners and entrepreneurs are people blessed with a kind of "gift" wonder often called "business sense". That means that if at some point in their lives, decide to undertake something, do not use the basic methodological foundations.

Spain is also a fairly difficult culturally for entrepreneurs. Here reigns much the culture of "pitch" and as little as possible. Should make a general examination of conscience and ask ourselves how we have contributed to the current situation of lack of business competitiveness with the rest of the world.

Very few things happen in the business world "because". Even those ideas that are considered "cool" are the product of an ongoing planning work that has no objective other than to minimize the risk inherent in any decision we make.

In marketing they say that differentiation is the key to success, apply. Do not be an entrepreneur again, learn from all around you, listen, and have an obsession to improve and innovate in their work.

Regarding its business plan, you should strive to get a complete and credible. After all, it's a reality of planning your project, and can also be helpful in getting the funding.

You may not know how to make a compelling business plan, in that case, I recommend you read an ebook to publish some time called "Born to undertake." Learn the importance of business plan and how to perform it. And if you still have doubts, please consult with an expert on entrepreneurship will help you with your project.

Jorge Mata Ignacio Arribas - Manager of JMA Consultants - www.jma-asesores.com