Don't Buy a Business Plan—Write Your Own

Posted by: Rod Kurtz on August 10, 2007

Don’t buy a business plan. Develop your plan, write your plan, but don’t buy one. Buy business plan software, or books, or blank templates, if you insist. Take a course at the local college, university, or small business development center. If you have more money than time, hire somebody to help you—but make sure he or she just helps you and doesn’t develop the plan for you. Just don’t buy a business plan. That’s as bad for your business as buying a term paper is for your teenage children. It might be worse, in fact, because it replaces planning with illusion.

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

Reader Comments

Micah

March 14, 2008 2:56 PM

I was about to buy a plan. I get your point--thank you.

Post a comment

 

About

Want to improve the way you run your business? Entrepreneurs, academics, and consultants from diverse industries offer practical advice on a variety of topics each business day.

To submit a tip for consideration, first check our archive of previous tips to make sure you're not repeating a tip someone has already contributed. Then send the tip to Small Business channel contributor Michelle Dammon Loyalka. Because of the volume of material she receives, she may not respond to each individual.

BW Mall - Sponsored Links

Buy a link now!