The original question was: "I started a youth-oriented performing arts co., and we are now growing beyond our current venue. It is time to incorporate. We have a business plan but do not know if it is right for the job?"

1) Intuition: if you feel that your business plan is inadequate you are probably right. Most entrepreneurs have a gut feel for the business. I have found that it is best to listen to your intuition.

2) Standards: there is a specific format to follow when writing a business plan. You can find an outline for a traditional business plan.

3) Coping with growth: as the size of a business grows, so does its complexity. As the complexity of the business grows, the skill sets required to control and safely manage the business expand exponentially. Therefore, the need to further educate, gather mentors and gain support is essential. The need for another business plan is also important.

Challenge yourself to seek out entrepreneurs who have a business larger than your own. You can tap into their experience and track record in dealing with the challenges your business throws at you. You cannot build your business without other people and that never changes.

Surround yourself with people that will challenge, support and motivate you during the difficult times. Find one person who has a similar business experience, another that has superior skills in a deficit area of your business and lastly, someone who can just be supportive and knows absolutely nothing about your business. The different skills of these people, their experiences and perspectives will provide you with a great sounding board. They will enrich your life and cause you to grow. A powerful combination!

4) Get professional support: a great source for professional support is a CPA or Accountant. They can help you to interpret your financial status and most importantly, create cash flow projections to help you plan ahead for businesses cash needs. They will also tell you what you can afford to do or not to do.

5) Think before you act: I often get called in after the fact -- a business owner has made a series of decisions and now finds they are in a crisis of one type or another. Most often the reason for the crisis can be traced to one fault: not taking the time to stop and consider the implications of a decision. Sounds simple? It is not. The longer you work in your business the more difficult it can be to see the reality of the problems affecting your business. That is why I suggest you recruit good friends and professional advisers. They will keep you on track -- the good ones will not buy your B.S.!