Plan Ahead A little preparation goes a long way.
A business plan is a smart way to explore the feasibility of anew business before you actually start it. A good plan can help youspot flaws in your business concept: You may uncover toughcompetition or find that your financial projections simplyaren't realistic. On the other hand, a business plan thatdoesn't predict failure can be a comfort and a motivator toproceed.