
During a conversation with a small business owner, they made the statement of “you do not need to write a business plan – that’s old school. You just need the financials to show investors.” Well, this thinking just does not make sense and you still need to plan something out and “write” a plan in some sort of format. Of course, the first thing I did was start to research if a written business plan was still around and as a business owner if you really need to create one. How much could the world’s expectations for business plans change from the time I spent advising high schools students for the SkillsUSA national business plan competition? Guess what? The business plan did not change much and it is...
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