If You're Making Money, Do You Need a Business Plan?

Posted by: Rod Kurtz on December 14, 2006

When Tom Sherburne started manufacturing composite kayaking helmets, he didn’t think he needed a business plan. His Auburn, Ala.-based helmet business, Shred Ready, began as an offshoot of his kayaking school, the Southern Outdoors Center, which had done just fine without a business plan since opening its doors in the summer of 1996.

When it came to writing a business plan, "I didn’t really feel like I knew what I was doing," Sherburne says. "I thought if we were making money and the checkbook was fine, then we didn’t need one."

To read the full story on AllBusiness.com, click here.

AB

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