Most Small Businesses are Started without Business Plans

[mandy]

Small-business owners get their start with an average of just $10,000 in initial capital, according to the latest Wells Fargo/Gallup Small Business Index.

Close to three-quarter of businesses (73%) were primarily funded by the owner's personal savings, while 37% were funded in part by loans and lines of credit...

Only 31% of small business owners surveyed started with business plans...

full article: http://www.inc.com/criticalnews/articles...rt-up.html