The Essential Business Plan

                

Business plans never work out exactly as they are conceived. but they are most helpful.

Too many small businesses fail to create an adequate plan. For several reasons:

Folks may be too lazy to put in the effort. It takes work and a bit of basic bookkeeping. Yet, all a small business man needs is a small calculator.

After a start, many lose faith in its continued use. That occurs because business plans need to be adjusted as you go along. None of them are ever made in stone. The necessary adjusted figures are not a sign of error or misuse of the plan.

The whole purpose of a plan, adjustments and all, is to guide the management of the business, It is not to exactly predict outcomes. It is to show trends, problem areas to be treated, and so on.

                     

You never need to have a fancy business plan. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)