So far this year every week, I have focused on a different aspect of starting a new business. We are slowly working our way through the entire process, looking at every single thing, you need to do to get your business up and running. This week, I will talk about why writing a business plan is a great idea, even if you don't plan on raising any money, I'll give you my first reason right after this.
Let's say the business does very well and you change your mind and decide I might like to go public or really swing for the fences on this one. It's turned out to be a grand slam and you go to the investment Community and they say we'd love to see your business plan and you show them the new business plan that you've written. And they say we'd love to see the original business plan and you don't have it. And you don't get the investment. Think of the future.