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Your company is too small for a business plan - and other mythsSmall Business Planning -- Three MythsAre you -- like 70 percent of small business owners -- working without a plan? Here are three myths that need to be dispelled about strategic planning for small business. 1. It has to be formal -- Not so. The value of a strategic plan for your small business is in putting the ideas on paper, creating action steps that will get you where you want to go and implementing those action steps. 2. I'm too small -- Not so. Even a one-person business can benefit from a strategic plan. A strategic plan can help you make decisions about time management and budget. You can use your strategic plan to help you determine whether to attend an event or advertise in a publication. It's a check and balance tool. 3. A strategic plan is like a ball and chain -- Not so. It's your plan. Too many small business owners feel like once it's on paper, it can't be changed. Wrong! Your plan should be an active document that gets reviewed and updated at least monthly, if not weekly. You're the business owner, you wrote it, you know what's happening in your market -- adjust as necessary. Denise O'Berry helps small business owners take action to grow their business. Find out more at http://www.smallbiz-bootcamp.com
MORE RESOURCES: News provided by Yahoo! News and Google News Ask SmallBiz: Requesting Public Records for Your Business - Hawaii Business Magazine Small business notes: Harley to offer leasing program Florida small biz owners eye primary - CBS News Take a small business health check BUSINESS TIPS: Internet presents a new market Small Business Administration releases states’ small-business profiles Oh baby! Small biz scores huge Angry Birds deal - CNN Is Facebook advertising right for your small business? Small business: How to tackle volatility Romney's idea for auto hike on minimum wage could harm small biz - Examiner.com |
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