Misinterpreting the Business Plan

The majority of people misinterpret the purpose of a business plan.  For most, it is an exercise is outlining their brilliant ideas, proving their business concept or perhaps a tool to raise funds or attract partners.

Business Planning, Not Business Plans

Perhaps business owners should begin to view business planning as an ongoing process that throws off occasionally a document called a business plan.  Therefore, it is a process not a result, nor is it a document.  It is certainly never a finished document (unless and until your business fails, and it is the last business plan written.  Then, that is a finished business plan!).

The ideas and decisions that come from business planning should be viewed as the game plan (or trip plan or battle plan or plan of action) with the written business plan simply documents for future use. 

A good business plan specifies goals, strategies, deadlines, responsibilities and the expected revenues and expenditures of a business over a period of time.  It should be the mundane workings of a business which are used to track the wondrous, exciting growth of your business venture.

Isn’t that what why we are entrepreneurs, to go out and make our mark on the world?

Connect With Us

• Related Posts
• Bookmark
• Tags

9 Responses to “Misinterpreting the Business Plan”

1. Erik says:

   July 21, 2010 at 10:14 am

   Thanks, Elenore!

   Erik
2. Erik says:

   July 21, 2010 at 10:14 am

   Thanks, Kelsie.

   The blog theme is a standard version available from WordPress.

   Thanks again.

   Erik
3. Erik says:

   July 21, 2010 at 10:08 am

   Thanks, Bud.

   Erik
4. Bud Thimmesch says:

   June 8, 2010 at 8:56 am

   Im glad I found this site, I couldnt obtain any information on this topic prior to. I also operate a niche site and if you wish to ever serious in doing some visitor writing for me please feel free to let me know, im always look for people to check out my site. Please stop by and leave a comment sometime!
5. Kelsie Hellerman says:

   April 30, 2010 at 10:06 am

   I found this blog on digg.com social bookmarking site. I liked it and gave you a fave! By the way I also really like your blog theme! Did you create it yourself or can I download it from somehwere?
6. Elenore Hollaway says:

   April 29, 2010 at 10:06 am

   I have read a few of the articles on your website now, and I really like your style of blogging. I added it to my favorites website list and will be checking back soon. Please check out my site as well and let me know what you think.
7. admin says:

   April 5, 2010 at 11:09 am

   Thanks, and yes you can translate it into Portuguese. Very cool. Thanks!
8. Leia Wilsey says:

   April 3, 2010 at 6:09 am

   Great post, I read this a while ago and, since then . I was wondering… can I translate your post into portuguese – with link to your original post, of course?
9. E-commerce Guidebook says:

   April 3, 2010 at 5:09 am

   I noticed your blog on facebook groups. I just added you to my MSN News Reader. Keep up the good work buddy! Look forward to reading more from you in the future.