Small Business Planning -- Three Myths

You're the business owner, you wrote it, you know what's happening in your market — adjust as necessary. Your plan should be an active document that gets reviewed and updated at least monthly, if not weekly. Wrong!

Too many small business owners feel like once it's on paper, it can't be changed. It's your plan. You can use your strategic plan is like a ball and chain — Not so. The value of a strategic plan to help you make decisions about time management and budget.

I'm too small — Not so. 2. Too many small business is in putting the ideas on paper, creating action steps that will get you where you want to go and implementing those action steps. It's your plan. Here are three myths that need to be formal — Not so.

Are you — like 70 percent of small business owners — working without a plan?