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Restore content access Restore content access for purchases made as guest. Article Purchase - Online Checkout. Issue Purchase - Online Checkout. People also read Article. Ross Brown et al.
The Management Myths Hurting Your Business
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More about Keap. Why Keap? Business Success Blog. Subscribe Start a demo. Features Pricing Resources More Subscribe. See demo. As an entrepreneur you are often misunderstood. Myth No. Was this post helpful? Subscribe to our newsletter Fresh small business insights and ideas delivered weekly to your inbox, gratis. Explore Growth. All Growth. Myth: A good business plan has a nice cover, is at least 40 pages long, must be typed and double-spaced?
Business plans intended for investors, such as a bank or venture capitalist, must meet certain requirements that such investors expect. It might be scribbled on a napkin, on stickie notes on your wall, or consist of a collage of pictures and captions.
The Myths and Realities of Entrepreneurship | Small Business Matters
It might be all in one document or scattered among several mediums. As long as you know it in your head and heart without having to look at it, and and it is easily accessible to you when you have doubts, that's all that is necessary. YOU are the investor in your business-and would you invest in the stock of some company without seeing a prospectus?
Solo Entrepreneur Reality : Seeing your plan in black and white or color, if you prefer!
Myth No. 2: Entrepreneurs Are Born
If "doing the numbers" seems overwhelming, remember you don't need fancy spreadsheets. Just lay out a budget that shows where all the money is coming from and going , and have an accountant review it for additional perspective. I don't know about you, but I sometimes can't remember what I planned yesterday to do tomorrow, if I don't write it down!
Solo Entrepreneur Reality : There is a real power in writing down your plans. Some schools of thought advocate that the act of writing a plan down triggers our subconscious to start working on how to manifest that plan. And, of course, it's a lot easier to remember when you have it in front of you. And a lot easier to share and get feedback from your non-mind reading supporters.
Myth: Friends and family are the best sources of feedback and advice on my business plan. If your brother is an accountant and your best friend is a market research expert, then this might be true. Solo Entrepreneur Reality : As well meaning as our friends and family can often be, they just aren't the best way to get honest, objective guidance. Instead, seek out folks that have specific knowledge that will help you, are willing to be candid with you, and that have a genuine interest in helping you succeed.
A business coach is one resource to consider!
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Terri Zwierzynski is a coach to small business owners and Solo Entrepreneurs. Terri has been coaching for over 10 years in a variety of settings, including 6 years as a senior-level coach and consultant for a Fortune company. She opened her private coaching practice in Our team of Solo Entrepreneurs are comprised of small business experts who support others in finding business success with the flexibility and freedom to have a life, too.
Network with other freelancers, self-employed and Solo Entrepreneurs in our forums, enjoy our articles and newsletter, and find other online training opportunities. Costs keep mounting and you are considering giving up. Well before you do, check out these 10 setbacks that Walt Disney had, some were financial nightmares that put him millions of dollars in the red: Do You Have What it Takes to be a Successful Entrepreneur?
Print off this page, take the quiz and find out if you've got what it takes! See the scale at the bottom to mark yourself. And, this is my short list. Learn how to Compress Time In the popular 's movie "Dune," man learned that by "folding space" the distance between two points shortened and he could cover those distances faster. Around , we found a substance that could bend time in the business community -- it was called Venture Capital.
Related Entrepreneur Myths:The Management Reality
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