According to Merriam-Webster, the most searched word on its Web sites in 2004 was "blog." The dictionary publisher defines the word as, "a Web site that contains an online personal journal with reflections, comments, and often hyperlinks provided by the writer."

The tiny online journal tool burst on to the scene during the 2004 election. Every would be writer with an opinion began a blog espousing their particular view of the world. As with any form of technology, improvements came in the form of RSS feeds and readers. No longer did I have to remember to visit Aunt Bea's blog to get the latest apple pie recipe. As she updated her blog, the feed was sent to my reader, and I was notified of the latest and greatest from her kitchen.

Very early in my career, I sought advice from a seasoned business owner. "Do I really need a written plan?" I asked impatiently, being inexperienced. He scoffed, "Why spend six months writing a plan? Go start a business NOW!

That was great advice, exactly what I wanted to hear. So off I went, and despite myself, I was a modest success. But in hindsight I now realize I could have been spectacular rather than modest.

The need for a formal business plan within small to medium enterprises (SMEs) is often the $64,000 question. If you're seeking venture capital or other external financing, let's calls it a $6.4 million pre- money consideration, because without a business plan you are not likely to get your hands on other people's money.

We are here to offer friendly advice on the challenges of running a business. We may not know everything, but we will try to point you in the right direction.

We hope to grow this as a collaborative effort. If you have some helpful advice that might help a fellow entrepreneur, we welcome your input.