Business Planning Can Make You Sane

[NickMilner]

Most entrepreneurs are not big on business planning. In fact, the very thought of a business plan can make you tired. Where to begin, what to do, how to do it? Most entrepreneurs, solo-preneurs and small business owners are idea people and do-ers. Planning doesn't fit well into the mindset.

You've probably heard the old adage: failing to plan is planning to fail. Your plan might not need to look like a plan you'd submit to the bank for a loan, but you do need to know where you're going or you're likely not to get there, or worse end up somewhere you don't like and didn't plan for. It can be like starting a road trip without a map and going from one city to another. You may get there eventually, but will you have taken the most efficient route? It's a relevant analogy too, because many people spend more time planning a vacation than they do planning their business. A little time spent planning and knowing how you use your time can really impact your success.

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