Sunbelt Indiana Business Resource

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Showing posts with label small business plan. Show all posts
Showing posts with label small business plan. Show all posts

Wednesday, March 24, 2010

Life Plan Before Business Plan

This blog post kicks off a three part series on Start-up Success for Small Business Trends. Great advice for anyone looking for success in their entrepreneurial path.

By Melinda Emerson, Smallbiztrends.com

Many people dream about owning a small business. You may be one of those people who have had a “notion” for years that someday you would be president of a company, successful beyond your wildest dreams. Turning that dream into reality is an evolutionary process. It involves not only having a solid business idea but also knowing the “business of running a business.” You will need to get your arms around stuff like accounting, marketing, and operations, but before you dive into crunching numbers for your business plan, consider this:

It is my strong belief that would-be entrepreneurs need to develop a life plan before they ever write a business plan. Why, you ask?

Because entrepreneurs who don’t get clear about what they want from life run the risk of starting a business that might not be a good business for them.

To read the full article... click here.