Benjamin Franklin said it best: “If you fail to plan, you are planning to fail!”
Most small businesses are founded on hopes and dreams but, in today's increasingly competitive markets, that may not be enough. Formulating a business plan before launching a your endeavor is a good way to increase your chances of success, while minimizing the risk of comitting costly mistakes.
In today's round table I discuss the merits of creating a business plan with Thomas Traplin, host and producer of the Manaverse Podcast, and Wayne Mittlestaedt, owner of Dueling Grounds in Toronto, Canada. In this episode we also discuss what goes into the plan, how to customize it for different audiences and how to keep it relevant when your business grows and evolves.
(use the buttons above to stream or download an audio-only version of this episode - scroll below for the video version)
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