Where’s the key to the liquor cabinet?

Yesterday, I referenced a shorthand version of a business plan outline. Most of you saw the words “business plan” and immediately started looking for the key to the gun cabinet, conveniently placed right next to the liquor cabinet … because that phrase usually incites a painful, grinding noise between your ears.

If you still don’t think business plans have much value, check out this survey courtesy of Tim Berry, founder of Palo Alto Software.

Short answer? Those who completed a business plan WERE MUCH MORE LIKELY to grow their business, raise investment capital and obtain a loan.

Stay tuned for the longer answer. In the meantime, why don’t you think you have a plan? What’s holding you back?

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