A business plan can fail for several reasons: 1) Not developing a good business plan; 2) Not involving employees in the planning process; 3) Developing a plan based on inadequate information. Some other reasons for failure include not following the plan, not motivating employees, and not being flexible to make necessary changes during implementation. Proper development, communication, resources, and leadership are all important for a business plan to succeed.

1. Why Business Plan
Fails-
Debojite Chandra Bhowmick

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. 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. 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. 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. 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. 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. 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. Why Business Plan Fails-
Thank You Very Much
&
Haveanicetime!!
debojite@gmail.com
www.smartmanagementbd.blogspot.com
m

10. Why Business Plan Fails-
Thank You Very Much
&
Haveanicetime!!
debojite@gmail.com
www.smartmanagementbd.blogspot.com
m