Don’t sweat your B Plan
Don’t think you are doomed to failure, if you neglect to craft the perfect business plan. Apparently, appearance and credibility is more important than a business plan, as reported by this research report:
"The researchers also found that whether or not an entrepreneur had created a business plan for their start-up venture had no bearing on the success of that venture. Newberg speculates that perhaps investing a lot of time creating the perfect business plan document takes time away from executing the ideas described in the document. He also suggests that entrepreneurs may become too attached to their initial conceptions or misconceptions once they are formalized by inclusion a business plan. Because things change so rapidly for an emerging venture, it is important to be flexible, Newberg explained.
**This post is for informational purposes only and does not constitute legal advice**