A viable business plan for a person who has a start-up capital of $50,000 would be:
- First, make a feasibility study of the thing you want to invest in.
- Create a vision and mission statement.
- Select a brand name.
- Register your business.
- Calculate the ROI (return on investment)
- Start hiring staff (if you haven't already).
<h3>What is a Business Plan?</h3>
This refers to the written document which describes the activities of a business, its goals and objectives, and how to achieve those goals.
Hence, we can see that for a person that wants to start a venture with a start-up capital of $50,000, it is important to create a business plan and stick with it to increase his chances of success.
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