Lesson 3 – Have a Business Plan including an Exit Plan

Problem: Most business owners start off with a very lengthy and detailed business plan that if you try to find it six months later you’ll have troubles locating it. It goes into a drawer to be lost and never seen again.

Solution: It is important to begin with a lean business plan that you keep on the desk in front of you and that you use on a daily basis. Even better is to keep the exit plan in front of you and learn to run your business with it.

It should detail what the end goal looks like, where you’re at now, where you started from and a road map with metrics to use to make sure you’re on course.