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Lessons Learned

Date: 01/27/2006 | Category: Business | Author: Claire Reid

Rhonda Abrams, author of The Successful Business Plan: Secrets & Strategies, and president of The Planning Shop, recently wrote an article in USA Today which talks about how a small business is just as likely to become a fast-growing innovative company as a start-up company with major financial backing.

Additionally, she shares her own insights regarding what she has learned in the past twenty years such as:

(1) Developing a business plan and updating it annually.

(2) Getting help when needed.

(3) Hiring for attitude, train for skills.

(4) Using a consultant.

(5) Embracing technology.

(6) Joining an industry association.

(7) Talking to your “competitors.”

(8) If you must have a partner, getting a written partnership agreement before you start your business.

(9) Expecting to change.

To read the article in its entirety, click here.

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