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That business plans are a bad thing is becoming a meme. It's great to get some (many in PGs case) likes on twitter and that's about it. A business plan is grea
by baxtr 5y ago
That business plans are a bad thing is becoming a meme.
It's great to get some (many in PGs case) likes on twitter and that's about it. A business plan is great to have because it forces you to think through all the important pieces of the business. Many great companies had one, e.g. Apple (as mentioned by someone else in this thread). Amazon has detailed Word documents for anything they dive into.
Of course, planning should not becoming your core activity... There's a limit after which business planning is just an academic exercise.
- selfhifive 5y agoThe question is not about the general utility of business plans. It's about whether they're good for early stage startups. These kind of organisations need to move fast and try a lot of stuff in a short amount of time to see what works. A business plan then seems expedient because the future direction is not set in stone anyway. That's the logic behind the argument.
- baxtr 5y agoAs I mentioned, amazon is doing those for any kind of business venture afaik.