The worst myth in small business, startups, and entrepreneurship is the myth of the big formal business plan. Too many people think a business plan is a big document related to dealing with banks or investors. And because of that it seems hard to do, so they don’t. That’s a shame.
If you’re running a business, you want planning, and the planning process. It starts with a plan, but that’s not necessarily a big formal business plan. It might live only on your computer. It might be just bullet points, a sales forecast, and an expense budget. Put it together and record it somewhere so you can track it.
That becomes planning, and planning process, which is what you use to run your business, or start your business. It includes plan review, and course corrections, and flexibility. Just as steering involves a route, a map, and course corrections, so does planning.
And the plan? It’s the first step. Just what you need. Get started.