It's February -- and you know what that means -- it's time to turn to business planning in our Twelve Months of Entrepreneurship for 2013!
Not that it doesn't pain me a little bit. You see, I had occasion to write my first business plan for a competition over the summer. And I waited to till the eleventh hour to complete my financial projects and market analysis. But I also learned a lot.
It's easy to be intimidated by the business planning process. It forces you to lay out your assumptions, and then find a set of concrete facts to back them up. It's a process of trial and error for sure.
So this month, look out for a more solid game plan for crafting your business plan: why it's important, how you can break it down into more manageable tasks, and of course, advice from those who've done ti successfully.
I want to help take away any obstacles that might be keeping you from writing your business plan, and so first up, I've taken a look at the most common reasons entrepreneurs avoid those business plans. In the coming weeks, we'll delve into the nitty gritty of actually writing that plan.
I'd love to hear from you! Have you written a business plan, and what did you learn? What questions do you have about the business planning process? Let me know in the comments -- and look forward to a month of fresh resources on this important topic.