Business plan failed

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Most of these business start and end in obscurity. A few of them, however, start up with the verve of a cannonball, only to crash with equal fanfare. Some of the companies listed below, like Enron and DeLorean, exemplify this cataclysmic appeal. Hmm, I wonder why.
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Why Business Plans Fail

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Five Reasons 8 Out Of 10 Businesses Fail

Looking back and reading the post again today, I think the list holds up very well. So here is my revised version for , incorporating what I wrote back then that still holds true. You engage in planning your business because planning becomes management. Planning is a process of setting goals and establishing specific measures of progress, then tracking your progress and following up with course corrections. The plan itself is just the first step; it is reviewed and revised often.
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Five Reasons 8 Out Of 10 Businesses Fail

According to statistics published in by the Small Business Administration SBA , about twenty percent of business startups fail in the first year. About half succumb to business failure within five years. Those statistics are rather grim.
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Subscriber Account active since. However, this survivorship bias is problematic. Jason Cohen of Smart Bear Software does a nice job articulating this issue stating :. This list was compiled by ChubbyBrain and was suggested by Founders Fail. Like Edison and the light bulb, like Gates and the pc operating system, I would launch a revolution that would transform society while bringing me wealth and fame.
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