I've found this post by an entrepreneur talking about how he uses creative thinking and thinks mathematically on deals others think are too risky/too good to be true.
Shows an example of how his friend almost bought a Ferrari for only $20,000 (even though the deal didn't go through and he ended up paying cash).
What do you think about this type of business planning?
Great break down of the preparation stage.
I would however note that it's important not to get TOO much into the research and brainstorming and go to the action stage ASAP.
Otherwise analysis paralysis takes over, and the initial excitement dies down.
Nice post Stacie. However, I would urge people to consider whether they really need a blog before beginning one - it does take a lot of work to write fresh content on a weekly basis, respond to comments etc.
A blog that is not maintained well is somewhat worse than not having a blog at all.