Article: Ask Don't Tell Leadership: Why Do I Need A Business Plan?
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Ask Don't Tell Leadership: Why Do I Need A Business Plan?
Why you need a business plan!!!
Q: In last week?s column, you gave advice about starting a business, and you kept preaching about writing a business plan. I own a business, I don?t have a plan, and I?m doing just fine. What?s the big deal?
A: How do you know your business is doing ?fine? if you do not have a business plan? This is like a runner stating that he is ?fast? when asked his running pace. Quality and success cannot be measured without having benchmarks and goals. A business plan provides both, allowing you to compare your outcomes to your goals. Without a plan, it is all too easy to keep moving the bar for yourself.
In the words of Alan Lakein, ?Failing to plan is planning to fail.? Business owners may neglect planning for a variety of...
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