The logic behind a business plan is great. It’s a plotted journey, with marked goals and targets. It gives you something to work on, and work towards. And you’ll definitely need one if you’re looking for financing. But very seldom does it actually become a real working document for the small business owner; business plans are too long-winded and rigid and don’t allow for the fast changes and flexibility you’re going to need when you start up. So, gut instinct is how most survive, and the plan goes into the middle drawer.
Without a doubt, the most asked question in my inbox. To date, I haven’t responded to any of those messages. I’m not someone to give advice on investments – I think it’s an irresponsible thing to do. For many reasons but mostly because you don’t have all the facts – about the investor or the investment.