Few business people would argue that a business plan is an essential element of
success. Too large a number of businesses however do not commit a plan to
writing and fewer still refer to it regularly in the management of their
business. Why is this?
Many believe a written plan is too time consuming
and really just an exercise perhaps required by their lender.
Some
believe that they have a plan in their head and it is really their
entrepreneurial “gut” so to speak that is the only thing that is really required
for success.
Others believe their product or service is so unique it
will sell itself which a common curse of the gifted technologist.
The
facts are:
Written business plans can be simple documents and the key
operating metrics few.
Plans that remain unwritten in an entrepreneurs
head can be easily and regularly modified making results totally unpredictable
and eliminating real accountability.
Developing the latest greatest piece
of technology or software is no guarantee of business success and gifted
technologists take a real risk of being blinded by their creation and not fully
understanding the business and marketing challenges they face.
The
Barnett Consulting Group understands all the challenges to developing and
managing to a written business plan and can help implement this business
discipline with minimal pain and disturbance to the day to day business.
Few business people would argue that a business plan is an essential element of
success. Too large a number of businesses however do not commit a plan to
writing and fewer still refer to it regularly in the management of their
business. Why is this?
Many believe a written plan is too time consuming
and really just an exercise perhaps required by their lender.
Some
believe that they have a plan in their head and it is really their
entrepreneurial “gut” so to speak that is the only thing that is really required
for success.
Others believe their product or service is so unique it
will sell itself which a common curse of the gifted technologist.
The
facts are:
Written business plans can be simple documents and the key
operating metrics few.
Plans that remain unwritten in an entrepreneurs
head can be easily and regularly modified making results totally unpredictable
and eliminating real accountability.
Developing the latest greatest piece
of technology or software is no guarantee of business success and gifted
technologists take a real risk of being blinded by their creation and not fully
understanding the business and marketing challenges they face.
The
Barnett Consulting Group understands all the challenges to developing and
managing to a written business plan and can help implement this business
discipline with minimal pain and disturbance to the day to day business.