Wrong: That is the last step

I have often read that the first think a budding entrepreneur should do, is to sit down and write a business plan.  That is incorrect.  This is the last step you should take.  If your business concept has not been vetted, no business plan on the planet will salvage your concept.  Spend the vast majority of time  figuring out a business that will fill a niche and solve a problem. An idea may come to you because of an experience you had  running down a product or service in time of need. There is obviously allot more to running a business than that but it helps enormously to have a concept that people actually need.  

Posted by Paul E. Casey Monday, August 21, 2017 10:26:00 AM