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Business plans have long been a critical document for new businesses. Are they still relevant? If so, what best practices and data can help you create a winning document that will help your business get the funding you need and ensure your venture lasts? Before digging into the best way to craft a business plan to help you crush it, and spending hours or numerous dollars on commissioning one, do you even need one?
Businessman talking about work plan photo credit: Getty. A bit more than half of all startups actually survive to their fourth year. If we read between the statistics, there is room for hope. And preparation can come from everywhere. All experienced entrepreneurs had to start from somewhere.