Resources Online Training How to Write a Business Plan Name* First Last Email* 1. Within 5 years of operation what percentage of businesses fail?* 10% 20% 70% 90% 2. Define your vision is the #1 step in writing a business plan?* True False 3. Demand should be more than the market?* False True 4. What step # is "Know your customer?"* 2 4 3 5 5. Name the major reason a business may fail?* Lack of a business plan Poor logistics and cost management Poor customer service Inadequate product 6. Are there 9 steps to consider when writing a business plan?* False True 7. Which step is the most important part in making your business plan?* Set marketing goals Research the demand for the business Know your market Take action 8. Out of the 10% of businesses that last the first 5 years how many stay in business?* 1 5 3 4 9. Are customers the most important part of your business?* False True 10. A business plan needs to give direction and focus?* False True This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.