10 Things I hate About Your Business Plan
Turnabout is fair play, right? I’ve been writing business plans and writing about them for 30 
years, so it’s more than fair that I should read a lot of them. And this Spring, between joining an angel investment group, judging two MBA-level intercollegiate and one campus-level business plan contest, plus my normal email flow off of my blog and ask-the-expert work, I’ve read more than six dozen business plans. So far.
And before I begin, the very worst plans are the ones that don’t exist. People think business plans are for startups or raising money; it just isn’t true. Business plans are for managing a business. You set goals and priorities. You allocate resources. You record dates and deadlines and budgets. The business plan is the first step towards planning, and planning is vital. Even though all business plans are wrong (and they are), they are still vital, because without a plan you can’t review plan vs. actual results. There are no course corrections without a course. Still, back to reading those plans, and 10 problems I see way too often. CLICK HERE to read more.
Technorati Tags: Tim Berry, NCET, Nevada’s Center for Entrepreneurship and Technology, entrepreneurs
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