Business plans are key to entrepreneurial success

New research from the University of Edinburgh Business school and RWTH Aachen University shows that entrepreneurs who write early stage business plans are 16% more likely to succeed.

The report examined more than 1,000 start-ups and the progress made over a six-year period. Conclusions show that entrepreneurs focused on high growth were significantly (7%) more likely to commit their vision to paper early on than their peers.

Early stage business plans are essential for success and start-ups that are successful in their quest to secure funding are more likely to plan ahead.

Read the article on full on the Turner Little Blog.

Turner Little’s Guide to Business Plans

There are various reasons to start a business, from increasing your earning power, to taking control of your career. If you want to achieve these goals, however, you need to ensure your company charts a successful course, which will require you to compose a sound business plan. We want to help you get your firm started on the right foot, so here is Turner Little’s comprehensive guide to business plans.

Read the full Business Plan Guide.