Best-Laid Plans

An adage says people don’t plan to fail, they fail to plan. Are companies writing business plans? If so, do they include budgeting and financial information? The results below are based on a survey of 440 fast-growing product and service companies with $1 million to $50 million in revenues or sales.

Does It Work? Companies with written business plans increased their revenues 69% faster over the past five years than those without plans.