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Pop Quiz: Do You Know How to Start a Business Plan?

October 3, 2012

People often ask me how to start a business plan. Sometimes I’ll say it depends on you, your preference, and your style, so some people do a sales forecast first, some do a vision statement. But the right answer is that you start by scheduling your monthly review and revise meeting. That’s by far the [...]

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Planning: Form Follows Function

September 14, 2012

(Rounding up my business planning theme this week, this is another excerpt from my book The Plan-As-You-Go Business Plan, which is posted complete online.) Your plan-as-you-go business plan is no more than what you need to run your business. In the beginning, it might be as simple as an elevator speech. Be able to talk [...]

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Planning: It’s About Management and Accountability

September 13, 2012

(Note: this is an excerpt from my book The Plan-As-You-Go Business Plan, which is posted as a web site where you can read it online.) Every small-business owner suffers the problem of management and accountability. It’s much easier to be friends with the people you work with than to manage them well. Correct management means [...]

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Planning and Paradox

September 12, 2012

Business planning is full of paradox. Here are some interesting examples. Business plans are always wrong, but nonetheless vital. Wrong because they’re predicting the future and we’re human, we’re fallible, so we don’t get it right. Vital because we need…

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Business Plans are Always Wrong, But Still Vital

September 10, 2012

(Note: It feels like business planning season to me. Fall, or almost fall, time to think about next year. So I’m reviewing business planning fundamentals, this week and next, refreshing some of my older posts.)  Business plans are always wrong. That’s because we’re human. Business plans predict the future. We humans suck at predicting the future. [...]

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10 Tips For Starting a Service Business

January 18, 2012

You can see the request here on the right, posted to me on Twitter. I decided it’s a good subject for a blog post here, and I went on my own first as a service business and survived that way for 12 years before Palo Alto Software finally established itself as a product company.  So [...]

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Time For a New Kind of Business Planning

February 25, 2011

[Note: this is a special post placed here as part of Pamela Slim's Escape Community. It was modified from a post that originally appeared here.] It is time to adapt a new kind of business planning, which I want to call “plan-as-you-go” business planning. It leaves the formal plan document for the special cases that [...]

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The 3 Most Often Overlooked Pieces of the Business Plan

September 2, 2010

Yes, it is true that plans are stories and stories drive plans, but that’s not stories as visions of the future and plans as managing and steering to make those visions true; we’re not talking about fairy tales. Make your planning real. Make it help your business. Make it help you control your destiny and [...]

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Planning Fundamentals 2: All Business Plans are Wrong, But Vital

January 21, 2010

(I posted most of this in 2007, but it’s even more important now) Business plans are always wrong. That’s because we’re human. Business plans predict the future. We humans are dismally inaccurate when predicting the future. Paradox: nonetheless, planning is vital. Planning means starting with the plan and then tracking, reviewing progress, watching plan vs. actual results, [...]

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Planning Fundamentals 1: Form Follows Function

January 20, 2010

(Author note: I’ve been asked to go over some business planning fundamentals, and maybe collect those into a series. Consider this a first installment.) Your business plan isn’t necessarily a document; it’s what you want to do in your business or organization, what’s supposed to happen, and why. It’s a combination of goals, directions, long-term [...]

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