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
