Jul 27 2007
Why You Shouldn’t Write a Business Plan
This post is in response to requests to share a presentation I sometimes give on why business plans aren’t great tools for early stage companies. The link below is to a .pdf version of the presentation that shares views on why Business Plans don’t work well for investors or for managing a company. There is also an outline of how best to approach investors, with what materials. I hope it is helpful. Download the PDF
Why You Shouldn’t Write a Business Plan
Matt,
Thank you for making the presentation available online. As someone who understands the need to perform the due diligence, but who also wants to be efficient by spending only the amount of time necessary for the desired result, I thought your presentation yesterday evening at TCVN contained a lot of real-world truth. Marie Meade
[...] “It’s like taking off in an airplane that hasn’t been built”: This refers to the challenge of creating a new company (constantly learning and changing plans) while at the same time trying to land first customers and sell new products. By the way, this reminds me of a topic dear to me - “Why You Shouldn’t Write a Business Plan“. [...]