5 Top Tips to Create a Business Plan - Part 2

This is part 2 of a 2 part series with the first part available by clicking here.

3. Analyse your competition

It is very important that before you launch your service or product you analysis your competition. Knowing your competitiors strengths and weaknesses is very valuable information in terms of making your business

5 Top Tips to Create a Business Plan - Part 1

This is part 1 of a 2 part series which will discuss some top tips for creating a practical business plan:

One of the key aspects which can influence your business idea as an aspiring entrepreneur is the detail provided within your business plan. If you decide you don't want a business plan at all then you are making the task of being a successful entrepreneur a lot more challenging than what it needs to be. I have previously written a post "Fail to Prepare, Prepare to Fail". It is advisable that you delay the launch of any service or product until you feel you have a comprehensive plan. If you are new to business and have only recently decided to become an entrepreneur you may not fully understand the importance of having such a