A good business plan will get you off on a strong foundation. You need it to drive your business and you will need it when you seek funding from banks and other agencies. A culture of planning will give your business the strategic thrust to be innovative, competitive and ultimately successful.

Developing a good business plan requires some skill. Sustained planning for your business not only needs a mindset but will also benefit from critical planning tools. Our articles and resources here are designed to put you in gear to meet the planning requirements of your business.

Quick Steps to a Robust Business Plan

Your business plan needs to cover key aspects of your business and provide the road map for running the business. Learn what these key aspects are and how you can package a business plan that drives your business and can meet the expectations of lenders and sponsors.
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Market Research Basics for Start-Ups

Carefully researching the market to validate your business idea may save you from pouring hard-earned (or borrowed) investment capital down the drain. To jump into a business without gauging the pulse of the target market is like shooting an arrow into the dark night - a hit is hardly a possible outcome. You need some precision when you throw your resources into a venture and market research is one tool to help you. This article explains the fundamentals and guides you through the options you can adopt.
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Bullet-proof Your Business With Cutting Edge Business Strategies

A strategic thrust is imperative if your business will innovate and be on the cutting edge. Maintaining competitiveness requires that effective strategies are deployed in key aspects of your business. Some critical areas of strategic positioning are examined in this article which offers a suite of strategies that can give your business the winning edge over competition.
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SWOT Analysis: A Tool To Position Your Business For Success

Is this management tool still relevant? What does SWOT analysis mean and how can it be applied beneficially in running your business? These are part of the questions to which answers are provided in this article.
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See more articles on business planning below this section.

More articles on Business planning.

Killer Challenges To Overcome Or lose Your Business

The operating environment in Nigerian has, for a long time, proved hostile to business, especially for the small entrepreneur. For many business success factors - policy framework, infrastructure, resource inputs, cost profile, etc - the rating of our business environment has been dismal. Even with the current effort at reforms, the odds against you are still huge. Yet many people work their way through the hurdles and achieve success in business. Here, we look at some 'killer' challenges you cannot ignore if you want to pull through. We also offer ideas on how you can wade through them.
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