How Important Is Having A Business Plan?

Today's question comes from Elizabeth, who asks about business plans. How important is having a business plan? Elizabeth’s site is http://www.theseniorgap.com/. In this episode I mention the SBA, which is the Small Business Administration (https://www.sba.gov/). I recommend the book The One Thing by Gary Keller and Jay Papasan (http://www.the1thing.com/). Do you have a question about getting started with your business? Record it at http://www.askpat.com/. Today's sponsor is Freshbooks. Go to http://www.GetFreshBooks.com and enter "Ask Pat" for more information. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.