Do You Need A Formal Business Plan?
Click to play audio podcast
While few people would argue that planning
is a bad idea, just how necessary is a big
formal, 50-page business plan for any
entrepreneur? The answer seems to depend
on who you talk to.
Even if you do write a business plan, there
is debate on how it should be written, how
often it should be revised, and what to do with
it once it complete.
For some fascinating insight into this
discussion, I invite you to click the audio
player above and listen to my discussion
with Greg Stoller, he is a lecturer at the
Carroll School of Management at Boston
College - and this is his area of expertise.