1. 50% of all new businesses fail within five years
Why?

2. Causes of Business Failure
lack of focus
inexperience
poor management
insufficient capital
poor (or no) planning
So, why start a business?

3. So you can bring your dog to work

4. Can you overcome the obstacles?
You can with a plan!

5. Why develop a business plan?
Obtain financing
Make decisions
Say "No"
Communicate to others
Monitor and evaluate your progress

6. What is a business plan? Identifies and articulates the opportunity
Explains why the opportunity exists
Details how you will take advantage of the opportunity
Quantifies the market potential
Explains why you are the right person for the opportunity
Details financial requirements
Identifies and explains risks

7. What’s Next?
If you choose the business option, you'll create a simplified version of a business plan
One part of the plan is the summary or pitch.
That's what we're going to practice today....