Many successful entrepreneurs never write a formal business plan. However, they do create a vision for the future; they do set goals regularly; and they do structure their time to achieve their goals – they just don't write a formal 30 page document. So why do most colleges and universities offer a course in business plan development? Here are eight great advantages we see in creating a longer and more complete plan:
If you can answer "true" to the following questions you understand the planning process and are able to write a full-length business plan. If not, don't worry, you just have a little more work to do. Go back and review the information in the sections you're unsure of again.
Since 1994, we have been meeting with and interviewing successful business builders. We have toured their facilities, met with their employees, observed their behavior, and recorded their stories. Our fieldwork has uncovered the critical practices successful entrepreneurs use to start and build thriving companies. When these practices are used in a new and growing venture, the probability of success goes up dramatically; when these practices are absent, the probability of failure is high. Our entrepreneurial training programs will teach you how to implement these critical practices in your own business. By mastering these concepts, you will greatly improve your odds for success.
Our team is comprised of individuals with extensive experience as entrepreneurs, business consultants and university professors. We also have an in-house film department that has interviewed and filmed hundreds of entrepreneurs around the world.
At The Main Street Entrepreneur, our mission is to provide the most innovative and engaging resources available to help aspiring entrepreneurs and business builders create successful ventures. We help turn ideas into opportunities, opportunities into business models, and business models into thriving organizations. While doing so we pledge to maintain values of exemplary leadership, continuous improvement, distinguishing service, excellent efficiency, total integrity, and a broader contribution.