Thursday, September 24, 2009

Business Plans Don't Work....Right?

That's right people...we said it. BUSINESS PLANS DON'T WORK.

We've had the "pleasure" of working with many different types of entrepreneurs along our journey and almost all of them have at one time or another mentioned how they need to update, write or follow their business plan. Every time we hear someone say this we always end up glancing at each other with a hint of laughter in our eyes.....here's why- the business plan is suppose to be a physical representation of your vision as an entrepreneur; the consumers needs, and how you plan to make money providing solutions to those needs. We place an enormous amount of emphasis on the business plan being a reflection of your VISION. If you can't see your business and its success, you can't write and therefore it doesn't exist.This is why many entrepreneurs end up miles away from where they wanted to be. If you want to avoid the vision pitfall, it takes honesty, empathy, agility and ingenuity.

We've developed a seminar specifically designed to address the vision problem many entrepreneurs face. We'll be running it at the University of Delaware starting October 20th. If you can make it please do....if not keep your eye out for the breakout events.