Today is Monday, 6th September 2010

Posts Tagged ‘business plan’

You’re writing a Business Plan! Not Holy Text

by Malik Corbett

An article I read written by Bob Reiss on Entrepreneur.com called “Write Your Business Plan in Pencil” he points out in the article what I often tell many entrepreneurs, he writes “I have little doubt that you (the small-business owner) will shortly have to change, amend, modify, scrap or abandon your original business plan altogether. One of the attributes of successful entrepreneurs is flexibility. By writing your business plan in pencil it forces you to look at change as the only constant. Make change your friend, embrace it and work it to your benefit.”  The smartest entrepreneurs understand that

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Business Plans: Not Worth It?

Tim Berry, investment chair of the Willamette Angel Conference, shares 5 Harmful Myths about Business Plans in an Entrepreneur.com article:

  • Myth No. 1: Investors don’t read business plans.
  • Myth No. 2: A pitch presentation is better than a plan.
  • Myth No. 3: Planning wastes your time.
  • Myth No. 4: Research doesn’t support the value of planning.
  • Myth No. 5: Planning cuts into flexibility.
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Write your Vision on a Tablet

Write the vision, and make it plain upon tables, that he may run that readeth it. For the vision is yet for an appointed time, but at the end it shall speak, and not lie: though it tarry, wait for it; because it will surely come, it will not tarry. (Habakkuk 2:2-3)

As the old saying goes, if you don’t plan, then you are planning to fail! This statement could not be truer for entrepreneurs. A business plans is essential for business venture whether it’s a startup or an existing business.

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Small Business 101: Plan->Start->Manage->Get Out

The following is a guide for small business owners from your small business resource, the U.S. Small Business Administration.

1. Plan Your Business– Writing a business plan is essential when you are starting out as an entrepreneurial business owner. Writing out a plan will help develop new ideas, see opportunities, and also let you see areas that may need work.

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