Skip to content
Subscriber Only

Business Plans With Legs

Business plans with legs; the benefits of applying for a patent; entrepreneurial know-how for artists; Web postings for science types; and more

Business Plans Keep Working for Fast-Growing Companies

Chief executives of 53 fast-growing companies rated their business plans 4.3 out of a maximum six in helping them obtain outside funding, according to a recent study by two professors at Weber State University in Ogden, Utah. More significantly, the CEOs rated their plans 4.1 in helping them manage their companies. "This strong rating indicates that small successful companies continue to use their plan for more than funding," say the professors, Anthony Allred and H. Lon Addams, in an article published in the Journal of Small Business Strategy. (Its Web site is, but articles aren't posted online.)