Should home business owners write business plans?

November 14th, 2009 by admin

Most major businesses didn’t get big by randomly taking shots in the dark. No, they focused on very specific business plans, set goals, benchmarks, and action plans to achieve those goals and benchmarks.

Writing a business plan can take a lot of time, so many home business owners who are already operating in “right now” mode aren’t often prepared to sit down and work the long periods of time it can take.

Since poor planning is a leading cause of business failure, it’s critical that you try to make time to create a plan and improve your odds of busines success.