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Your company is too small for a business plan - and other myths


Small Business Planning -- Three Myths


Are 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

Chamber to host several events for Small Business Week (Columbus Ledger-Enquirer)
The Greater Columbus Chamber of Commerce will celebrate local small businesses this month during its 2010 Small Business Week.

Free forum prepares small biz for growth - Queensland Business Review

Free forum prepares small biz for growth
Queensland Business Review
With signs the economy is recovering, the Commonwealth Bank is supporting the Brisbane small business community to get ready for this new stage of growth by ...

Small biz ready to hire with increased risk appetite: study - Toronto Sun

Small biz ready to hire with increased risk appetite: study
Toronto Sun
By QMI Agency More than one-third of Canadian small businesses are expecting to hire new employees and many are prepared to take on increased risk, ...

and more »

Turn Windows Home Server into a Small Business Server (Small Business Computing)
Think you can't afford a small business server? Think again. Windows Home Server offers enough power to earn a position in the workplace -- and enough simplicity to be a welcome addition.

Earth2o's Emery Oregon's 'Small Biz Person of Year' - KTVZ

Earth2o's Emery Oregon's 'Small Biz Person of Year'
KTVZ
Oregon Business Development Commissioner Steve Emery, president and CEO of Culver's Earth2o, has been chosen as the 2010 Oregon Small Business Person of the ...

Small Business Administration loan seminar in Monroe (Everett Herald)
What: First Heritage Bank will sponsor a free Small Business Administration loan seminar conducted by Christine Heckert, head of First Heritage Bank’s SBA Loan Department. For more information, call 360-568-0536.

Small Business Development Center at Raritan Valley Community College offers free business seminar (MyCentralJersey.com)
BRANCHBURG — The Small Business Development Center at Raritan Valley Community College and Amper, Politziner & Mattia, CPAs are sponsoring a free business seminar from 6 to 9 p.m. on Wednesday, March 24 at the colleges Branchburg Campus.

PCAOB Offers Small Business Auditing Forums (WebCPA)
The Public Company Accounting Oversight Board plans to hold seven forums around the country to discuss auditing in the small business environment.

Kagen Holds Roundtable To Hear From Small Biz Owners - Sheboygan News (blog)

Sheboygan News (blog)

Kagen Holds Roundtable To Hear From Small Biz Owners
Sheboygan News (blog)
DE PERE, Wis. (WTAQ) - Local small business owners sat down Tuesday with Wisconsin Congressman Steve Kagen to vent about issues affecting them. ...

and more »

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