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business plans can be useful and help the founders solidify their business model, predict costs, etc. I would guess the vast majority of tech entrepreneurs wou
by mhartl 15y ago
business plans can be useful and help the founders solidify their business model, predict costs, etc.
I would guess the vast majority of tech entrepreneurs would disagree with the implication that business plans are generally useful.
- firefoxman1 15y agoHaha is that a stab at the "worry about the business model later" attitude in tech, or am I interpreting it wrong?
- mhartl 15y agoNo, I'm being serious. Thinking about your business model is useful, and planning is useful, but the formal practice of writing an official "business plan" (with revenue projections, etc.) is from a bygone era. More than anything, business plans give people (in this case, Arch Grants) a false sense of security.
- firefoxman1 15y agoOh yes I completely agree. New industries move too fast to predict their profitability. I think the resume will go the way of the business model in our lifetime, if not 10 years.
- mhartl 15y agoYou nailed it. Doing the traditional resume-and-interview grind is OK if you're just getting started, but as soon as possible you should be building and using your personal network. If after gaining some experience you need a resume to get a job, you're probably doing it wrong.
- stryker 15y agoThere's a saying: plans are useless but planning is essential. I think generally it's good to think about these things because the process is more valuable than the plan itself.