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A business plan

Dec 30, 2007 11:40 pm

Business plan outline, step-by-step (re: A business plan)

Scott Allen

Well, for those of you who do want to do a business plan, I've just recently finished posting a complete business plan outline:

My take on it? If you're a micro-business, self-funded, you don't need a formal written business plan. On the other hand, at least going through the thought exercise outlined above is invaluable. If you don't, you're very likely to have gaps in your business model.

Having a business plan does NOT mean that you lose flexibility -- in fact, I think quite the opposite. It means that you've anticipated possible risks and are prepared for them. And if you're prepared for possible outcomes A, B, C and D, as opposed to just winging it, then you're likely to be more prepared in the event of E or F, as well.

- Scott -

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