GIL-ISM: Most business and marketing plans gather dust on a shelf because they never survive their first brush with reality.
EXPLANATION: Many budding entrepreneurs spend countless hours writing lengthy business plans before they have even validated their concept with potential customers. In addtion, one of the first hires they make is a Marketing Director, to whom they delegate the vital process of getting their message across to customers. Both of these actions are sheer foolishness! What should you do instead? If you have a business idea, the first thing you should do is go see whether you can find any customers who will actually pay you for the idea. If you can produce genuine cash transactions (not some future promise), then you know your idea is viable and you should have very useful market intelligence. Likewise, the last function an entrepreneur should delegate is marketing and sales. That should not happen until all marketing processes have been tested and proven. The number one job for any business owner is cash generation!