Do Business Plans Improve Your Odds?

Do Business Plans Improve Your Odds? - http://www.babson.edu Avatar Posted by gimmesome under Startups
From http://www.babson.edu 4442 days ago
Made Hot by: on July 26, 2008 4:48 pm
This pioneering Babson study examines whether writing a business plan before launching a new venture affects the company's subsequent performance. Interestingly, the analysis revealed that there was no difference between the performance of new businesses launched with or without written business plans. Unless a would-be entrepreneur needs to raise substantial startup capital from institutional investors or business angels, there is no compelling reason to write a detailed business plan before opening a new business.

Who Voted for this Story





Comments


Written by Shelly
4440 days ago

Long but interesting. I'll admit I skipped to to results.



Log in to comment or register here.
Subscribe

Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!