http://smallbusinessonlinecommunity.bankofamerica.com/blogs/LegalAndInsurance Comment Feed for Legal and Insurance on post 'When Good Business Plans Go Bad' Fri, 26 Jun 2009 01:21:17 GMT Clearspace 1.1.1 (http://jivesoftware.com/products/clearspace/) 2009-06-26T01:21:17Z http://smallbusinessonlinecommunity.bankofamerica.com/blogs/LegalAndInsurance/2009/06/05/when-good-business-plans-go-bad#comments-3225 You have shared a great article there @ CommunityTeam. Indeed having a business plan is vital, in fact you simply cannot keep a successful business unless you put planning on top of your priorities. Business plan is equal to Pain and solution; product path; target markets; intellectual property; risk mitigation; and staffing plan.<br /> <br /> Focus is the key, of course, to building a business. I find that in the business model and business summary stage, keeping one’s focus can be tricky. Note that the areas of your business that are truly important are often not urgent. Sure, you’ll fight your share of fires, but are those fires ever urgent and important in the long term? If it’s someone else’s issue, toss it back. As for the not urgent and not important, well, that’s the stuff to delegate. Definitely. Fri, 26 Jun 2009 01:21:17 GMT mightyventure http://smallbusinessonlinecommunity.bankofamerica.com/blogs/LegalAndInsurance/2009/06/05/when-good-business-plans-go-bad#comments-3225 2009-06-26T01:21:17Z