You should have a plan in order to get yourself organized, to ensure you have some type of viable commercial potential, you have focus and hopefully aren’t going to run out of money or starve before you get going.
If that’s all you need, and you don’t plan to raise money, apply for loans and don’t intend on bringing in partners, then you certainly don’t need a 25lb manuscript. In fact, Brian Chesky (found of Airbnb) is famous for his one-page business plan for global domination.
Because of these realities, business plans written at the start end up nothing more than a fable.” Fortunately, crafting a business plan has become much simpler today.
There are plenty of data sources to back up assumptions and to complete research.
”An executive summary is a different document again.
It is a smart tool and essential one to have as a cover for your business plan.Before deciding exactly what that looks like and how to create it, there are some critical questions to answer and factors to understand.Just because it is the status quo should never be a line in the vocabulary of a startup founder today.want to see if you hope to get a funding check from him in a moment.Yet, the point is that most aspiring business owners aren’t even trying to match up their goals with what they think they are supposed to be doing.We look for functional prototypes and customer development and most importantly, scalability.Can you scale customer acquisition cheaply and measurably?Harvard Business Review (HBR) says “the real key to succeeding in business is being flexible and responsive to opportunities.Entrepreneurs often have to pivot their business once it becomes clear that their original customer is not the right customer, or when it turns out that their product or service fits better in an alternate market.Traditional business plans can be big beasts of a project that suck time, money and mojo at a vital moment.Don’t do it unless you know why and what you are trying to achieve with it.