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If it’s not, you’ll have to stall while you scramble to write your plan—leaving the impression your idea wasn’t well though-out to begin with. Looking for vendors, business partners or even employees for a business that doesn’t yet exist is a challenge.
Yes, a business plan involves some grunt work, such as market research and financial projections.
But technology has made the planning process so much easier that there’s no excuse for skipping it.
In fact, the very areas you’re tempted to skim over are usually the places where you need to really drill down.
The business plan gives your startup a blueprint for success.
If you want in-person help, the experts at SCORE can walk you through the process of writing a business plan step-by-step.
Also, read SCORE’s Business Plan Resources Page for tons of tools, templates, blogs and webinars.
In fact, as “lean startups” proliferate and entrepreneurs conduct business in hoodies and flip-flops, the business plan may seem as outdated as a horse and buggy.
Entrepreneurs buzzing with excitement about their great new business ideas rarely want to sit down and spend weeks or months writing a business plan.
When you think about “writing a business plan,” what comes to mind?
I know—it’s not exactly the most exciting part of launching a business.