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When not to use a business plan
Although most experts recommend that you start with a business plan, you'd be surprised at how few of them had business plans right from the start.
In fact, many great entrepreneurs still operate without them.
If your idea is so great that you can't sleep, then forget the business plan for now. If you are confident that success is imminent, then don't plan it to death. Go for it.
You can also skip the business plan if you, like me, have no choice. For me it was swim or sink. Not much of a choice. Swim! Plan when you reach the shore.
When to use a business plan
If you are not 100% sure that your idea will work, if you have the time or if you need to attract outside financing, then there's no excuse. Don't think of it as extra work. A good business plan is an asset.
It forces you to think in different directions. It forces you to do research, to compare, to evaluate and finally to focus.
A business plan, no matter how good, is not......
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Title: Business Plan
Approximate Word Count: 349
Approximate Pages: 2 (250 words per double-spaced page)
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