I have a few words of advice for first-time entrepreneurs, as well as seasoned business owners seeking to hit a fresh stage of growth. My advice is this; write your organization plan in pencil. I realize this may be a hardship on whatever you non-golfers, but the process will illustrate two important principles.

1. Change is inevitable.

I have without a doubt that you simply (the small-business owner) will shortly change, amend, modify, scrap, or abandon your original business strategy plan altogether. One of the attributes of successful entrepreneurs is flexibility. By writing your company plan in pencil it can make you have a look at change because the only constant. Make alter your friend, embrace it, and arrange it in your favor.

The logic behind why your original plan should be changed after your company is operational are myriad. It’s likely you under or over-estimated your competitors, margins, cash …