Here’s an interesting quote:
Entrepreneurs who say they are overwhelmed by their business rarely have a documented plan in place. Hiring, customer targeting and other important decisions are driven by the needs of the day. It’s what I call the Band-Aid approach to management. It’s patch-driven rather than purpose-driven.
That’s from Susan Schreter of the Seattle Post Intelligencer, in “Inside Entrepreneurship: Make time to create a business plan.”
She’s responding to a reader commenting, “I’d rather spend my time making money than creating documents I don’t have time for.” And that, ironically, is right after asking how to decide whether to hire employees or use independent consultants. Gee, can we connect those dots?
(Via Campus Entrepreneurship.)