Business plans
 

If you run an online business, do you have a business plan? I have a pretty basic one.

I buy and sell a lot of domains and websites. I like to have a plan for any site I buy, and I also sell sites with a business plan written up. Sometimes you just don't know what to do until you see it all on paper.

Plus, there were a few times, while I was writing a business plan for a site I wanted, I found out that the site had to bring in an unreasonable amount of money to be worthwhile. It's better to find that stuff out early before I get suckered into a bad deal.