The time of the year to huddle all of your business colleagues in a room to hash out the key initiatives for the upcoming year. The time to throw everything up on the wall and try to get everything done in the first quarter. "This will be the year that all plans will be met" is the battle cry! Every vision, idea and strategy gets bantered about _ shouts of "there are no bad ideas!" fill the air. The room is electric with visionaries exchanging ideas on how their idea solves all issues, yet year after year, it seems that plans never actually come to fruition.
No_one Reads Business Plans _ Besides yourself while you're writing it, who are you expecting to read your shiny new 80 page business plan? An investor might pretend they've read it all but the chances are they'll only read the salient points. They could have established these anyway with a five minute conversation with you. If you ever have time to read your plan yourself after you've written it then you're probably not spending enough time actually running your business. You can refer back to specific sections, but these will probably be outdated and obsolete just weeks after you've written them. If you do refer back to it, the optimism you had when you wrote it might inspire you, until you realise the path your business has actually taken is nothing like what you planned. This isn't a failure on your part to follow the plan, it's often a good thing. Let me explain why in my next point.