subject: Business Planning Misconceptions – Do Not Believe the Myths [print this page] Business Planning Misconceptions Do Not Believe the Myths
The life of your business depends on your business plan, so why are there so many business planning misconceptions that suggest business plans are a waste of time? Why are there beliefs that suggest you shouldn't bother because no one reads the business plan anyway? These misconceptions undoubtedly exist because people want to justify skipping this essential though painstaking step when starting their business. However, if you want to make use of a planning tool that will help keep your vision in place and your eyes set on the future, you must dispel these business planning misconceptions.
The first myth is that since your business plan is ultimately your dream, you do not need to write it down because it is all stored in your head. This is one of the most common business planning misconceptions. Starting a business in a poor economy is like setting out on a road trip in the middle of winter. Consider the fact that you would never start without checking the weather forecast first. The forecast may not be correct in every detail, but it can help you decide when you want to start your trip during a dangerous travel time. You would also take a road map with you, which is another purpose your business plan will serve you as you prepare for this undertaking.
Another of the business planning misconceptions is that you need to buy business plan software when you start your business. While it may prove useful, it is certainly not necessary. Software is simply a tool you can use to map out the details of your plan. A more useful alternative to software is utilizing the expertise of small business consultants who can visualize where you are coming from and what you want your business to look like tomorrow as well as years from now.
Business plans are not something you should be afraid of when starting your business. It is a step you will need to take if you want the greatest chances of success. The truth is that you could be lucky and start your winter road trip on a pleasant dayyou might not even get lost without a mapbut obviously your chances of making it in one piece will be enhanced if you have the plans by your side to access any time you need them. Hopefully this dispels all the business planning misconceptions that had you feeling confused and misinformed.
