Knowing how to make a profitable business plan can be the key that determines the success or failure of your service business in the medium and long term.
Did you know that 18% of small businesses fail within their first 12 months, while 50% of them go bankrupt within five years?
These data show that having technical skills is not enough to grow or scale a business.
In reality, you also need a coherent, strategic and clear roadmap for marketing, business and sales.
Fortunately, if you’re a professional selling services, you’re immersed i macedonia consumer mobile number list n one of the fastest-growing industries in the world.
According to estimates by The Business Research Company, this market could have grown from more than $15,365 million in 2023 to more than $16,707 million in 2024.
Such a significant annual growth rate represents a huge opportunity for professional services businesses that are truly prepared.
If you manage one of them and would like to know how to create a plan predicting trends in b2b lead generation not only boosts it, but also exploits its profitability, do not hesitate to read until the end.
Before explaining how to make a profitable business plan, it is imperative that you know what it is about.
In this sense, this Harvard Business Review publication masterfully concentrates its essence. Here you have it:
“The business plan allows the entrepreneur to start the i diversified business cz lists nvestment process. Without a plan submitted in advance, many groups of investors do not even grant an interview. And the plan must be excellent in order to obtain investment funds.”
Without a business plan, you might be able to get ahead, but you’re likely to hit a few roadblocks along the way.
How to make a profitable business plan in 2024?
Honestly, what would be the point? If you have the opportunity to design your service company’s business plan to save time and maximize your resources, you should do so without hesitation.
And this is where a word comes into play that can change everything in terms of growth, scaling and profitability: DIVERSIFICATION.
Understand this: knowing how to make a profitable business plan is essential for any company.