Skip the Business Plan and start your business…

Guy Kawasaki has a great post about if your startup should create a plan first or later and some tips on what you business plan should contain. Great advice.

Our recent trip to Mashup Camp 3 helped us immensely in honing our pitch via Speed Geeking (which is like boot camp for your pitch/demo)

Guy's key points…

  • Perfect your pitch, then write your plan.

  • Use the business-plan exercise as a way to get your team on the same page.

  • Keep it short: ten to twenty pages.

  • Spend no more than two weeks writing it.

  • Don’t get obsessed with with details in your financial forecast because it should be one page long.

Is a Business Plan Necessary?


One Comment

  1. Aleish says:

    For me, business plan is necessary.  Business plans can help save you the trouble of pursuing a futile venture because they are designed to help us analyze our business idea. In order to complete your business plan you will be conducting quite a bit of research. Just want to share this article about the Importance of Creating a Business Plan

    A business plan requires many aspects to be considered and business finance is one of them. Also, a detailed budget and financial planning is very important and once you go through this process, any deficit in budget can be met through start up business loans.

    Hope this resources will be helpful to your blog and your readers. 

Leave a Reply