To write or not to write a business plan, when to write a business plan, these are some of the questions that I come across a lot. According to just under 90% of the 100+ founders of web biased technology companies that we have interviewed, you should not focus on writing a business plan… especially when you are in the infant stages of your company’s life cycle. The reason is that when you are starting a company there are far more pressing things to focus on than writing a detailed business plan with a well thought out financial forecast that has no real chance of being even close to accurate. There are really two good alternatives to writing a business plan 1) Write a business model, this idea is championed by Guy Kawasaki or 2) The Lean Startup process, coined by Eric Ries.
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