I know it's tedious but I remain steadfast in my belief that if you fail to plan, fugetaboutit. A bplan is more than 30 pages of rhetoric and dreams. It's a companion that gives you confidence in your decisions b/c it's backed up by good old fashioned numbers and well-thought out assumptions. Let's go slow. Start with an executive summary. It's 2 pages and it'll give you the push you need to get the full plan done.

Here's a snapshot of what to put in it - biz overview, mission, success factors, market analysis, competition, ownership snapshot, startup expenses and financial projections.

Doing an executive summary will make you think about your business in a much more specific way. It's fun to dream. It's fun to be a visionary but success comes down to execution of tactics as well as big picture thinking. So, committing your plan to paper makes it real. It gives you a guide to help navigate the sometimes crazy waters of entrepreneurship.

Stay flexible. Revisit your business plan often. Make notes about what's happening in your industry. Network like your life depends on it. But most of all, live passionately, take risks and have fun!

And remember...You've Got The Power!
Dr. Fran