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Plan for the Rainy Days

Unless you have a deep pockets or has the support of rich relatives, it is critical to prepare a detailed, well-thought out plan. You can’t just wing it and expect to succeed.

You are here: Home / Starting a Business / Business Planning / Plan for the Rainy Days
Florist standing outside her flower shop

November 14, 2010 //  by Isabel Isidro

Florist standing outside her flower shop

.Unless you have a deep pockets or has the support of rich relatives, it is critical to prepare a detailed, well-thought out plan.




This is especially true if you are looking for investors. Investors will not give your business the capital it needs if they don’t see any solid plans. You can’t just wake up one day and decide that you want to start a business, without thinking through it and preparing a way to successfully launch it and make it grow.

According to Kathy Gendel , creator of the undergarments line called Breezies Intimates, in an interview from the book Secrets of Millionaire Moms: Learn How They Turned Great Ideas Into Booming Businesses said:

An entrepreneurial business is not a business where you can wing it or just fly by the seat of your pants. If you’ve got a lot of money, everyone wants to give you money. If you don’t have any money, no one wants to give you a dime. Always plan for those rainy days.


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Filed Under: Business Planning, Financing Tagged With: Business Plan, Startup Financing

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Are you thinking of starting a business but don’t know where and how to start? Learn the step-by-step process to starting your own small or home-based business. Buy our Kindle eBook Checklist for Starting a Business at Amazon.com today.
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Comments

  1. kaitlin

    November 19, 2010 at 4:57 am

    give me now

  2. imisidro

    November 19, 2010 at 12:58 pm

    Thanks for visiting, but your comment is unclear. I let it stand but removed any links to your website. I only allow links from commenters if the commenter actually writes something relevant to the discussion.

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