Why Your Business Plan Won't Make You Rich Or Famous
Searching Amazon.com for business plan books provides over 36,000 results. Few other areas of the business section in Borders is so crowded. Why is this? I believe it is because somehow business owners think that if they have a good enough business plan, they can convince investors to give them money and make their business successful. Entrepreneurs just like you are constantly seeking the silver bullet of “the perfect business plan” that will get them financing and bring them to the promised land of business fortunes. I have some bad news for you if that is what you are looking for. A plan, no matter how good it is, will not make you rich or successful. If running a successful business was as easy as writing a plan, very few businesses would fail. Current statistics show that the more than half of all new businesses fail in their first two or three years. This is not news. The majority of businesses have been failing since the first owner put out a shingle. Why? Bad ideas? ...