Are Business Plans a Waste of Time?
- Author
- Startup Distillery, LLC
- Published
- Fri 19 Jan 2024
- Episode Link
- https://startupdistillery.com
Yes, writing a business plan is a lot of work. And it demands a healthy dose of legwork and critical thinking, especially in some areas of business that may be unfamiliar to you.
But one thing is certain: Business plans are not is a waste of time.
They’re actually the best thing that could happen to your startup, and in this episode I’ll share 5 important benefits.
In this episode you will learn:
- How a business plan can save your startup from failing.
- Why winging it is not a strategy – and how that hurts your odds for success.
- Why a business plan attracts investors... even if they don’t read it (and they likely won’t).
- Why a business plan done right is flexible, not rigid.
Resources:
- Are your financial projections realistic? [link: How To Estimate]
- Are customers will to pay for what you’re selling?
- Your business plan needs an annual review
- Take a look at my Business Plan Kit
- Talk to me about writing a custom business plan for you.
SPECIAL OFFER:
- Listeners can get 1 FREE hour of consulting by using the code “startup” or mentioning this offer when they book a call.
Connect:
