Business Plan For A Business Essay

717 Words Jun 26th, 2015 3 Pages
When creating any product - no matter how great your product is- it is vital you have a marketing and business plan. I believe no business can or will succeed without a Mission, Objective, Budget, and Marketing Plan. I have witness several businesses from a variety of people fail or not succeed because they fail to develop a Marketing and Business Plan. Without the proper preparation for any business or any product they will face higher chances of lacking its full potential. In addition, there are so many other contributing factors to a business not being successful which includes but not limited to: not employing an accurate staff, paying of wages to staff as well a lack of training can have a negative influence on a business or product’s success. As a result, a business is doomed for failure if they do not have a Business Plan and Marketing Strategy.

First, no business is successful in the beginning, every business faces hardships and challenges when just opening. As many have quoted, “no great success was ever achieved without failure.” I recall my sister stating she had a business idea she wanted to begin. I ask her what was it and she said teaching swim lesson around Metro Atlanta. I told her that was a great idea and it could be very successful. So we talked several times about her opening up her business which she eventually did however, the business never grew. I told her she needed a business plan and a marketing strategy. Well, unfortunately, she never develop…

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