I've attended some really bad business plan workshops and I've see too many inexperienced new entrepreneurs believe that they have a winning formula, just because someone has written a business plan for them. I have also recently heard that consultants affiliated to SEDA charge up to R17K for a business plan! Somehow we need to teach entrepreneurs that while the business plan is a useful framework that can guide your planning, the process of planning needs to be ongoing. You should regularly go back and adapt/refine your plan to suit current circumstances and analyse what lies ahead. Read my review of Allon Raiz's new book, "Lose the Business Plan".
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