Your plan is not a plan. It’s just a wish list of things you want to happen.
The is a business plan necessary is a question that has been asked for the last time. Yes, you need a plan!
I believe we all at Palo Alto Software feel like broken records at times. Yes, I understand that it is our responsibility to encourage individuals to create plans. It is, after all, our livelihood. I sometimes feel like a dentist reminding folks that flossing is very necessary. We’re all aware that flossing is a good idea. We understand that it will help to maintain our gums, teeth, and mouth healthy. Many of us, though, just do not do it.
This is also true when it comes to planning. People are aware that they should. People feel somewhat bad for not having one, but company owners who don’t have one will give you a million reasons why they don’t have time to do so. When they eventually go out of business, they blame their consumers, their suppliers, and the economy. However, they seldom say:
“Wow, I blew everything because I didn’t prepare my company properly. I failed because I had no idea where my company was going.”
Planning doesn’t have to take up a lot of time. You may create a business plan that just provides you some direction and objectives to achieve. You may create a strategy that changes as your company expands. It is NOT required that you have a 50-page written document. You should read Tim Berry’s articles on the PLAN AS YOU GO BUSINESS PLAN if you haven’t already. He has developed a fresh approach to planning that is appropriate for today’s entrepreneur. Be agile, adaptable, and creative. However, as Susan Schreter points out in her yesterday’s Inside Entrepreneurship column:
“I hope you find time to establish goals and plan your company. After all, having the location makes it simpler to travel to your destination.”
Palo Alto Software is now my company. And, really, really, really, really, really, really, really, really, really, really Without a strategy, I wouldn’t be able to manage my company successfully. How could I know if I’m doing a good job if I don’t know what figures we want to hit and what methods we’ll employ to get there if I don’t know what numbers we want to hit?
The what are the dangers of an entrepreneur starts a business without a business plan is a question that has been asked many times before. An entrepreneur will be able to start their own business, but they need to have a plan in order for it to succeed.