By Étienne Garbugli | January 25, 2011 | 3 Comment
Business schools and entrepreneurship literature teaches how to write a proper business plan. The better the plan, the better the business. Planning makes perfect right?
Having started businesses with and without business plans, I’ve come to the conclusion that, as long as you know why you’re taking your decisions, there are only 2 reasons why you might need a business plan:
In all other cases, your time will be better spent being proactive dealing with business issues than updating and managing versions of a document most people won’t read. Be agile, don’t try to freeze actions and strategies; they will change and so will your business, concept, etc (Claude Ananou).
Etienne works at the intersection of Technology, Product Design and Marketing. He’s a two-time Startup Founder, a four-time entrepreneur and a UX research expert. Etienne published Lean B2B: Build Products Businesses Want. The Lean B2B methodology helps entrepreneurs around the world build successful businesses.