Are you aware that statistics show at least 65 %  of all small business start ups failed to survive after one year? And that 70% of small businesses never survive the 2nd generation ? Are you unable to retain great staff? Does it always cost a bomb for branding your business?

Your Business Plan is the most crucial component of your business … even before you start. It provides the fundamental framework & blue print of your business, mapping out your business objective, monetary targets, target markets, time line & milestones, expansion or exit strategies, investor funding strategies & implementation plan. It is important to note that a well-crafted Business Plan is also your first step to soliciting funds from Bankers, Angels or Venture Capitalists, should the need arise.

First things first. Regardless of whether you are a salaried corporate worker, a freelance individual with intent to start and grow your own business or even a fresh graduate straight from college, you need to ‘Do the Right Thing, PLAN IT RIGHT … from the Start’ . This is not cliche, it’s THE fact of life. Speaking from my personal experience, this fact could help you overcome opportunity costs, avoiding a long-drawn learning curve, saving you a lot of money in your own business or saving precious time in climbing that corporate ladder.

I strongly suggest that you start out Right with a good & powerful Business Plan Builder , one which gives you step by step "how-to" instructions, with pre-set templates & built-in formulas.

I researched extensively in the market, based on functionality, value-for-$, and after-sale support services as criteria. The Biz Plan Builder provides user-friendly, Step by Step guide for the vaious comprehensive suite of tools in MSwords, Excel, Powerpoint formats for both Mac and PC users, with efficient version updates, active User Forum & a Live Chat support which I tested & complimented… and ‘for a lifetime of potential earnign benefits - priceless.’ You may wish to check it out, Click here

Your Business Plan for a new or existing business must adopt the broad basis in consideration of sustainability, scalability and contingency. Sustainability implies consideration of realistic sustainable longevity of the business. You should plan well ahead for your business growth, ensuring that the business is expandable via Scalability , like the famous "LEGO" blocks. Contingency is the most ignored part of most businesses, be it in unforeseen straits like terrorism, natural disasters and calamities like hurricanes, earthquakes and floods, or simply, an unexpected financial crisis.

Hence, the rule of thumb to drafting a good business plan is to adopt a conservative approach both in planning financial and manpower resources. However, remember to permeate that innovative and curious mindset when drafting your business plan.

Here, to give you a thorough overview, I proceed here to share with you a checklist in BusinessFast4ward Business Plan which will be a good start for you to build upon. Be it crafting your Business Plan from scratch or using the Biz Plan Builder , you will find that the process guides you well in fine-tuning your strategic thoughts over time.