The reality is that most entrepreneurs, who start a business, don’t start with a written business plan. They often think that they can document it later, relying on their memory to fill in the blanks.
Why not plan as you go? Many entrepreneurs have started their business on a shoestring budget, while writing their business plan. That’s ok, just write it down!
The business plan is an instrument that changes over time and must be constantly updated. The business plan is not written in stone, it can be carved to reflect the past, the present and the future.
The truth is that good planning, preparation, and research can help make you a very successful entrepreneur.
Keep these facts in mind while planning your business venture. Know who you want to sell to. Have a passion for the skill of your business. Does thinking about your business bring a smile to your face? Recognize the naysayers and ignore/avoid them.
“If someone can’t do something themselves, they will tell you that you can’t.”, Will Smith, The Pursuit of Happiness(2006).