Business Opportunities Weblog

July 22, 2005 by Dane Carlson | 0 Comments

Via Jason Duncan, comes this excellent article from Entrepreneur on business planning. Highlights include:

1. Don’t put off writing a plan.
2. Don’t confuse cash with profits.
3. Don’t dilute your priorities.
4. Don’t overvalue the business idea.
5. Don’t confuse a plan with the act of planning.
6. Don’t fudge the details in the first 12 months.
7. Don’t sweat the details for the later years.
8. Don’t create absurdly optimistic “hockey stick projections” of sales taking off in the near future.
9. Don’t write too much.
10. Don’t sweat the formatting details.

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Tags: Planning