By: Steve | November 20, 2015
It's ironic that formal business plans have fallen out of favor in recent years. Entrepreneurs are “following their instincts,” building their businesses and changing direction as they go. Investors are willing to fund after vetting “great ideas” and an existing track record through conversation and financial statements.
And yet, anyone in even the most entrepreneurial and aggressive business effort, when slowed down for a moment, will have to admit that they are “working a plan.” It may be a one week plan, thirty-day plan or end-of-quarter plan, but it is tactical effort stemming from a predetermined directive or target.
The plans of the diligent lead to profit as surely as haste leads to poverty. ~Proverbs 21:5