Business Plan for a Startup
Creating a business plan before you start a new business will enhance the odds that a new business will succeed.
Business Failure Rate
The failure rate of new businesses is high. US Census data tracked new businesses and found that after one year 25% had failed and by year ten 71% had failed.Cite error: Closing </ref> missing for <ref> tag
Resources
Examples of free online business planning resources:
- SCORE is a nonprofit supporting small businesses and has a free downloadable business plan guide
Examples of business websites that provide business planning tools are:
- Business Owner's Toolkit by BizFilings
Books:
"How to write a great business plan", by William A. Sahlman, Harvard Business School Press, 2008
References
Author
The author of this article is Terry Gardiner.
Terry Gardiner is the founder and President of Silver Lining Seafoods and NorQuest Seafoods - a medium-size Alaska seafood processing company; and currently a Board member of the Anvil Corporation, an employee-owned company specializing in oil and gas engineering.
His co-operative experiences include member director of the Commercial Fishermen Co-operative association; creation of legislation for the Alaska Commercial Fishing and Agriculture Bank; and advisor to the US Dept of Health and Social Services for the state Health CO-OPs.
Terry served ten years as a member of the Alaska House of Representatives -several legislative committee chairmanships, Speaker of the House, Chairman of the Alaska Criminal Code Commission and board member on various state and federal boards and commissions.
His non-profit experiences include National Policy Director for the Small Business Majority in Washington DC; working with the Herndon Alliance and ForTerra.
Terry authored the leadership book, "Six-Word Lessons to Build Effective Leaders: 100 Lessons to Equip Your People to Create Winning Organizations".
For more check: Terry Gardiner Long bio
“Startup Business Failure Rate by Industry” – Statistic Brain.”
Statistic Brain Research, July 27, 2013; http://www.statisticbrain.com/startup-failure-by-industry/