One of my students, Erin A., passed along a great article from Entrepreneur.com that really summarizes effective business planning. If you are in the process of developing a plan I strongly recommend you take a look.
Some of the highlights include:
– “Don’t confuse cash with profits”
– Remember that it is not the idea that is crticial, but your execution of the idea.
– Don’t confuse a plan with business planning
– Be honest and be realistic
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