The purpose of this program segment is to review basic business plan components Rents and how to develop one-month, one-year and five-year business plans. Other topics include mission, values, goals, objectives, strategies, succession planning, selling the business and employee development plans. It is said that 80 percent of business failures could have been avoided by proper planning. Business plans are comprehensive, written plans of action that establish financial or operational guidelines, along with objectives to chart the direction of a business. They also explain what a business is all about to employees, sources of capital and others.   Clicking on the graph to the left of this paragraph will open the business plan section.