Why Entrepreneurs Shouldn’t Write Business Plans

    By admin at December 16th, 2009 | 0 Comments

    I'm just comping from Neil Patel's blog and he shared an existing posts. Given below, I was reading an article on the New York Times blog today that breaks down why all entrepreneurs should write business plans. Careful academic research on the business start-up process reveals that many entrepreneurs never write a business plan. These studies also show that writing a business plan helps entrepreneurs in a number of ways, including improving their odds of successfully developing a new product, organizing a company, accessing external capital, obtaining raw materials, generating sales and surviving over time. Regardless of what measure of performance academics have looked at, research shows that writing a business plan has a positive impact. I am not a fan of writing business plans! I have started a fair amount of companies and ...

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