As I look at the world of small business management and entrepreneurship, I'm worried that confusion about business planning is getting in the way. Too many people think a business plan needs to be a specific kind of long formal document, something that follows a recipe, and something you wouldn't do unless you had to in order to get a loan or outside investment. Bottom line: Lots of people dread doing a business plan.
Planning is good for you and your business, whether or not you need the plan document. This means that a lot of people lose the benefit of planning because they confuse it with the big formal document called a business plan.
To help get over that mental block about plans and planning, I've created this simple test of business management. If you're a small-business owner, please answer 'yes' or 'no' to the following questions. You might be surprised what you find out.
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