said 1 year, 4 months ago:
This is a great list. I have experienced these concerns myself.
I’m always surprised at the number of businesses that do not have a business plan. They rationalize their business in their own mind because a family member, a friend or co-worker has said “That’s a Great Idea” go for it. So based on very little support data, they mortgage their idea to the max and plunge into the deep dark hole of uncertainty and failure.
My step son told me that he has a great invention that will revolutionize the hydro industry, he just needs someone to back him. OK, I said let’s get started with a business plan. Problem is, he won’t tell anyone for fear that his great idea will be stolen.
I would like to add hoping that money will fall from the sky, fear and no business plan to the list.