5 Fundamental Principles of Good Business Planning

Avatar Posted by SBA.gov under Management
From http://www.sba.gov 4204 days ago
Made Hot by: bigmoneyweb on May 23, 2013 4:02 am
By Tim Berry. I’ve just finished a two-month period in which I’ve read more than 50 business plans as part of my role as judge of several major national business plan competitions and as managing investor of my local angel investment group. And I like reading business plans, so it wasn’t a sacrifice. But it did remind me that every so often, it’s good to go back to the five important fundamental principles of good business planning.





Comments


Written by AngelBiz
4202 days ago

Excellent tips on business planning. I like and fully agree with you quote - business plan is nine part execution and one part strategy. Too many entrepreneurs get hung up on coming up with great strategy without thinking about how they will make it work. Besides, strategy is dynamic by its nature, which leads to the another point you mentioned about planning thrives on change. Reminds me of a quote I heard - All business plans are useless, but planning is priceless.



Written by lyceum
4203 days ago

Nota Bene: The author's name is Tim Berry.



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