All great achievements in business and life are built on a willingness to stick to first principles – what you know is right, even though many people around you will tell you to do otherwise. These principles represent the overarching strategies behind individual tactics of successful entrepreneurialism
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Should you begin your new venture when the economy is strong or when is the economy in a downturn? Is the economy that much important?
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As writing a business plan is time-consuming, entrepreneurs has a reason for not completing one. But it is not the only alibi. Most of the entrepreneurs don’t believe the business plan will be useful and they are not sure where to start, and so on. Not making a business plan is a fundamental error for an entrepreneur. In fact, when reviewing an unsuccessful venture, many find their biggest mistake was not taking the time to think through what it would take to make their venture successful. While a complete, well-developed plan is the goal, an incomplete business plan is better than no plan at all. Even an incomplete plan will move you in the right direction and provide something to which others can respond. Readers of your plan will be able to see what is missing and can point out flaws in your logic if they have something to evaluate.
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Imagine you've got an innovative business idea and have decided to start your own business! you'll need to find a right person to invest in your startup! before taking thew first step you should write a business plan which functions as a road map to your startup journey and would attract the investor's eyes. But how can your business plan grab their attention?
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