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if you're thinking of starting a business you should know how to write a business plan it is usually observed that despite having a great startup idea most businesses are not successful according to common statistics within the first five years of operations 90% of businesses fail and of the remaining 10% only one at 1/10 businesses last past the first five years so what makes some businesses fail while others prosper there may be several reasons including but not limited to or customer service poor logistics and cost management and inadequate product but the major reason is the lack of a business plan business plans help define goals and achieve them if you take out time to set concrete but achievable goals and chart a plan to success it can help you realize your dream and make your business flourish I have compiled an all-inclusive list of areas that need to be considered while writing a business plan these will help you in defining your goals and the path your business needs to take

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