The problem with business plans is that, like nearly all forecasts, they don’t come true. I have always maintained that the world’s most fearless forecasters are American economists and Indian astrologers. They are never right, and they always have a reason for being wrong. But that never stops them from making the next forecast – fearlessly.

How to research whether you're business idea is ready for startup.

Lean startup guru Eric Ries recommends that start-ups refine their business models through small tweaks”or pivots.

My wife told me this common rule of thumb in fashion: before you walk out the door, take off the last accessory that you put on. That extra bracelet or ring or necklace that you added to your outfit is probably not necessary; your outfit will look better if you [...]

Even a good business idea might not be financially workable. Here's how you can determine if your product or service is a money-making enterprise.