The Disadvantages of a Business Plan

The advantages of a business plan are very clear: it provides direction and strategy for your business, is often necessary to get financing and is a way to keep employees on track. While these advantages are all valuable, there also are some disadvantages to a business plan. Understanding these and how to avoid or correct them is key in determining...

Business Planning – Advantages and disadvantages of LLC’s and S corps: Business Attorney Wayne Zell shares some tips on business planning. This video focuses on the advantages and disadvantages of LLC
Tags: business, estate, planning, corporation, c corp, s corp, Law, LLC, LLP, LLLP, asset, entity, limited liability, PLLC, partnership, Trust, Tax, non compete, buyer, injunction, covenant, deduct, tenant, offer, core factor, lease, renewal, stock, ledger, taxation, Gift, succession, ESOP, employee stock ownership plan, recapitalization, charity, remainder trust

A well-written comprehensive marketing plan is the focal point of all business ventures because it describes how you plan to attract and retain customers - the most crucial aspect of a business.

Click here to read about an early career lesson I learned regarding some of the advantages and disadvantages of succession planning - very informative
Tags: advantages of succession planning, advantages and disadvantages of succession planning