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A business plan

Jul 20, 2007 4:47 pm

re: re: A business plan

Tina Brooks

having the business plan won't go all the way, it's not a stand alone document for the IRS, one needs to have a legitimate set of books and records to go along with the business plan.

The best reason for a business plan is so that when you get up in the morning and a brilliant idea comes to you, you can add it to the pile of things to consider when you revamp the plan, but if it isn't in the plan already, it's not up for consideration... Thus your business is kept on track.

The founder of Medtronics wrote a 100 year business plan back in 1949 and the company has been going great gangbusters ever since... their numbers are fairly impressive and their R&D business concentrates on markets that don't even exist yet, but somehow it's a winning formula.

I pity the fool who doesn't have a business plan.

Private Reply to Tina Brooks (new win)

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