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I found the process of writing a business plan to be a useful one. It’s really just a list of questions to ask yourself - who are the customers? What is the pro
by alasdair_ 5y ago
I found the process of writing a business plan to be a useful one. It’s really just a list of questions to ask yourself - who are the customers? What is the product? How will you sell it? etc.
The plan itself was short enough that I could share it with a fee people for advice but I never showed it to any of my investors, other than perhaps as a way to give a pre-canned snippet of information on a specific thing.
The process itself took about a day and a half, mostly spent getting specific answers. The knowledge gained helped a lot while pitching.
- tommilukkarinen 5y agoPlans are not for reading but for writing. When you write stuff down you think about it = you plan. For others it should be enough that they know you made a plan. Unless they think they can deduce if it's a good one by reading it.
- jdougan 5y agoI always like to quote Eisenhower on plans: “In preparing for battle I have always found that plans are useless, but planning is indispensable.”
- syedkarim 5y agoI've found the process of writing a business plan to be a complete waste of time. I've also found the organizations and investors who require a business plan to be a complete waste of time. Specifically, I'm referring to early stage, high-growth (potential) businesses. The short-term questions that a business plan answers are basic and a lot of fluffy writing goes into stating simple answers. The bigger-picture statements are really just short-form fiction.