Posts Tagged "Research & Development"

Do I Need a Business Plan?

Posted by Doherty on May 6, 2010 in Business Tips | 5 comments

Image via Wikipedia Very early in my career, I sought advice from a seasoned business owner – “Do I really need a written plan?” I asked impatiently, being inexperienced. He scoffed, “Why spend six months writing a plan? Go start a business NOW!” That was great advice, exactly what I wanted to hear. So off I went, and despite myself, I was a modest success. But in hindsight I now realize I could have been spectacular rather than modest. If you’re an organized sole-proprietor, I imagine you can do just fine without destroying half a forest to memorialize your every proprietary insight. However, if you plan to seek funding, hire employees or...