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Why business plan fail

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Why business plan fail

  1. 1. Why Business Plan Fails- Debojite Chandra Bhowmick
  2. 2. Why Business Plan Fails- Most important job of any business organization is to prepare a good business plan and its effective implementation. Organization employs its best people and best resources to prepare a good business plan because strategic plan plays important role in achieving organizational success. Despite allocating adequate resources and giving highest effort sometimes wonderful business plan may fail due to following reasons.
  3. 3. Why Business Plan Fails- 1. Number one reason is- fail to develop a good business plan 2. If you don’t involve your people in the planning process 3. If you develop your plan based on inadequate information 4. If you prepare a good plan and keep it to locker and don’t follow it
  4. 4. Why Business Plan Fails- 5. If you believe that everything will happen as scheduled 6. If you don’t motivate your employee to achieve your business plan 7. If you don’t develop your people and management skills to implement that plan 8. If it is not communicated effectively to all concerns who will implement that plan
  5. 5. Why Business Plan Fails- 9. If your people don’t understand how they will be benefited by implementing this plan 10. If you are not flexible to accept and initiate necessary changes during implementation process 11. If you attempt to do too much in too little time 12. If you fail to predict environmental reaction
  6. 6. Why Business Plan Fails- 13. If you don’t have any contingency plan 14. If your people are not committed to execute that plan 15. Good plan may fail if it is executed by poor leadership 16. If you develop your plan without understanding actual market scenario
  7. 7. Why Business Plan Fails- 17. Plan may fail because of poor implementation process 18. If you don’t employ right technology to execute that plan 19. Plan may fail for inadequate or incorrect marketing research 20. Unwillingness or inability to change plan to adapt with market dynamism
  8. 8. Why Business Plan Fails- 21. If you don’t allocate adequate resources to implement that plan 22. If you develop your plan without evaluating your resources 23. If your plan consists of too many focuses 24. Failure to get management involved right from the start 25. If you prepare a unrealistic Business Plan
  9. 9. Why Business Plan Fails- Thank You Very Much & Haveanicetime!! debojite@gmail.com www.smartmanagementbd.blogspot.com m
  10. 10. Why Business Plan Fails- Thank You Very Much & Haveanicetime!! debojite@gmail.com www.smartmanagementbd.blogspot.com m

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