Resources Online Training How to Write a Business Plan Name* First Last Email* 1. Within 5 years of operation what percentage of businesses fail?* 20% 90% 10% 70% 2. Define your vision is the #1 step in writing a business plan?* False True 3. Demand should be more than the market?* False True 4. What step # is "Know your customer?"* 3 4 2 5 5. Name the major reason a business may fail?* Poor customer service Lack of a business plan Poor logistics and cost management 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?* 5 1 3 4 9. Are customers the most important part of your business?* True False 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.