Man on the Move: Better to have a business, than a business plan
(WorldNews Business)

Business school teaches that new businesses require detailed business plans. They are right if money must be borrowed to get going. Unfortunately, that only applies to businesses that others can understand. Banks need collateral, cash flow projections and market penetration assumptions. Venture capitalists need something that can be sold or taken public in a few years for them to invest. How about plan B? A business without a classic business plan can work pretty well. King...