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come up with a business plan Posted by Railhead [Email] (#93) [Profile/Gallery] (more from Railhead) on Sun, 22 Oct 2006 02:12:36 In Reply to: Business Purchase, NickR, Sat, 21 Oct 2006 17:30:15 Members do not see ads below this line. - Help Keep This Site Online - Signup |
What worked for me was a business plan that showed my expectations for the first month, first year, and second and third years. I followed my plan, had some people watching, went back to them with proven results that exceeded even my predictions, and was able to secure more funding.
Make sure your business plan has an exit strategy. I did not do that, and always wish I had a plan to "close/sell out If" in place.
I never thought a hostile takeover attempt would happen to the small business I had, but someone else wanted it bad enough to resort to corruption to get it away from me.
oh, Well, Live and learn.
Jim
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