- Entrepreneurs that use business plans to develop their business idea are 152% more likely to start their business.
- Companies that plan grow 30% faster than those that don’t.
- Starting the planning process before starting marketing efforts and before talking to customers reduces the likelihood that a business will fail.
60% of small business owners feel they aren’t knowledgeable about accounting or finance.
Small businesses overall pay an estimated tax rate of 19.8%.
82% of businesses that fail do so because of cash flow problems.
45% of successful businesses have a documented marketing strategy .
Documenting your marketing strategies gives you a 538% greater chance of success.
Companies that document the marketing processes have 466% higher chance of success.