Business Plan

I've been in business for myself just about a year now. When I first got started I was all hot and heavy on developing a business plan. I never did finish it. That doesn't mean I didn't benefit from working on it though.

Has everyone else written a business plan? Should I go back and finish what I started or are those really just to get your thoughts straight and on paper?

Originally Posted by Widgets Has everyone else written a business plan? Should I go back and finish what I started or are those really just to get your thoughts straight and on paper?

If it was me I'd finish the business plan. I've written and continue to update my business plan. I like to think of it as a business map.

IMO, it's a good idea to go back and finish the business plan. I update my business plan at least once a year.

Thanks for the input.

For me, it's good to finish what you've started. I'm planning for a restaurant business. I think it's a very good business because people never stop eating.

My business plan is a dynamic document that I use to adjust my strategy based on what I find works and doesn't work. For this purpose, it's a management tool. When the time comes where I need to provide one for funding, or some similar purpose, it will be easy to convert into an external document.