Quick-facts.info is determined and focused on a philosophy that starting a business must be easy – hundreds of thousands of people do it every year around the world. If it is so easy, then why is there such a high failure rate for new start-ups?

There are two main contributors to early failure – one is invariably the lack of finances i.e. cash – people often forget that cash is still king in the business world and without cash, your business will languish.

The second reason that most people fail to address is planning and thorough planning. Entrepreneurs are often so anxious to get started in a business that they fail to look at the long term or even medium-term requirements that their business will have. Having a solid business plan is an absolute must, however; so many people consider it an unnecessary requirement.

If we think that life is a journey, then surely we all have a plan for that and why our experience in would business be any different – having a business plan as you start up your enterprise should be a non-negotiable item.

Experience tells us that taking time at the early stage of a business and doing the research and the planning and getting the appropriate advice and direction are key ingredients to success. It is easy to start a business – may be a little paperwork, a bank account, some premises and a unique idea and you could be in business. If, however, you have not created a business plan that pulls all of these areas together and projects where you will be in 3 months, 6 months, and one year down the road then you are definitely lacking an essential business tool.

The notion that creating a business plan is a time-consuming and expensive item could not be farther from the truth. You do not have to re-create the wheel in this area as there are exceptionally well-written and easy to follow guides available that can take you through your start-up or starting a business on a step-by-step basis. Take time at the outset to get it right for the future.