You can't do and shouldn't try to do EVERYTHING!
Business survival through evolution
Whatever business you are in, plan on radical change happening soon. Your business will look much different after just a few years, possibly just a few months!
Contingency Planning
The planning process should also consider Murphy's Law, "Anything that can go wrong, will go wrong."
Planning how to overcome obstacles is essential
At least as much thought and energy should be devoted to identifying and planning to overcome obstacles as to identifying and defining the goal.
What DON’T you want for your business?
Entrepreneurs have the privilege of designing their own business, including defining its values and its rules of engagement. As an entrepreneur, this includes defining what is NOT acceptable to you.
Not the place to get a business loan
The penalties for late payment and failure to pay these "trust fund" taxes are significant, and they can't be discharged in bankruptcy. Criminal penalties can also apply.
Watch for a Sense of Urgency
A sense of urgency means the individual has a burning compulsion to complete assignments or deliver merchandise quickly.
Does your business have an endgame?
What is the ultimate plan for the business? A buy out? Is the business substantial enough to attract suitors? Are any potential suitors compatible with your customers and employees?
Terms of engagement for employees
Employees are often afraid to talk to prospective employers and their current employers about their personal life requirements.
Have you started DOING it yet?
Sometimes a great idea can be initially done imperfectly, and the "bugs" can be worked out later.
