Comments on: Do You Need to Write a Business Plan? http://gigaom.com/collaboration/do-you-need-to-write-a-business-plan/ Fri, 10 Feb 2012 07:54:51 +0000 hourly 1 http://wordpress.com/ By: Hotels in Spain http://gigaom.com/collaboration/do-you-need-to-write-a-business-plan/#comment-55600 Wed, 10 Sep 2008 10:21:44 +0000 http://webworkerdaily.com/2007/02/25/do-you-need-to-write-a-business-plan/#comment-55600 A BP is definatley needed!!

]]> By: WebWorkerDaily » Archive Get Your Business Plan Unstuck « http://gigaom.com/collaboration/do-you-need-to-write-a-business-plan/#comment-55599 Wed, 30 Jul 2008 15:00:10 +0000 http://webworkerdaily.com/2007/02/25/do-you-need-to-write-a-business-plan/#comment-55599 [...] 30th, 2008 (8:00am) Mike Gunderloy No Comments While we’ve challenged the notion that every startup needs a business plan, many new web entrepreneurs still see them as [...]

]]> By: forexman http://gigaom.com/collaboration/do-you-need-to-write-a-business-plan/#comment-55598 Wed, 24 Oct 2007 02:16:12 +0000 http://webworkerdaily.com/2007/02/25/do-you-need-to-write-a-business-plan/#comment-55598 i would say,just give 110% and NEVER give up,that will do the job :p

]]> By: edreems http://gigaom.com/collaboration/do-you-need-to-write-a-business-plan/#comment-55597 Mon, 30 Jul 2007 22:45:26 +0000 http://webworkerdaily.com/2007/02/25/do-you-need-to-write-a-business-plan/#comment-55597 yeh.

]]> By: kimbo http://gigaom.com/collaboration/do-you-need-to-write-a-business-plan/#comment-55596 Tue, 24 Jul 2007 23:58:32 +0000 http://webworkerdaily.com/2007/02/25/do-you-need-to-write-a-business-plan/#comment-55596 There is no need for plan. Just do your best.

]]> By: Natalie Ferguson http://gigaom.com/collaboration/do-you-need-to-write-a-business-plan/#comment-55595 Tue, 24 Apr 2007 00:48:11 +0000 http://webworkerdaily.com/2007/02/25/do-you-need-to-write-a-business-plan/#comment-55595 “Whatever the plan says, the company will end up looking different,”
Most people discuss business planning as a document that you can’t change and update or collaborate around. I can see why people recommend you don’t obsess over it as these documents are fairly worthless fairly quickly. We went about solving the problem another way, making a ‘web 2.0′ style planning tool that helps businesses and people with ideas get them moving. It’s focused around all the things you should be focused around, setting and monitoring goals and budgets and your market and keeping your plan updated alongside your business. It’s great for getting investment too because people are much happier to give their money to a business that has visible tracking and monitoring. We offer a free trial at http://www.planhq.com and, obviously would love to hear your feedback! :)

]]> By: Web Worker Daily » Blog Archive Best Practices for the Self-Employed « http://gigaom.com/collaboration/do-you-need-to-write-a-business-plan/#comment-55594 Mon, 16 Apr 2007 16:00:36 +0000 http://webworkerdaily.com/2007/02/25/do-you-need-to-write-a-business-plan/#comment-55594 [...] pick one to promote. If you’re struggling to define your business, think about writing a business plan or at least an elevator pitch. One tip: define your business life by what you do, not where you do [...]

]]> By: Business Tax Forms » Do You Need to Write a Business Plan? http://gigaom.com/collaboration/do-you-need-to-write-a-business-plan/#comment-55593 Sat, 03 Mar 2007 16:48:10 +0000 http://webworkerdaily.com/2007/02/25/do-you-need-to-write-a-business-plan/#comment-55593 [...] post by Anne Zelenka and a wordpress plugin by Elliott [...]

]]> By: Business Franchises » Do You Need to Write a Business Plan? http://gigaom.com/collaboration/do-you-need-to-write-a-business-plan/#comment-55592 Sat, 03 Mar 2007 16:15:18 +0000 http://webworkerdaily.com/2007/02/25/do-you-need-to-write-a-business-plan/#comment-55592 [...] post by Anne Zelenka and a wordpress plugin by [...]

]]> By: Bonny Albo http://gigaom.com/collaboration/do-you-need-to-write-a-business-plan/#comment-55591 Fri, 02 Mar 2007 22:47:06 +0000 http://webworkerdaily.com/2007/02/25/do-you-need-to-write-a-business-plan/#comment-55591 I think some sort of plan, be it strategic or business, is required for long-term success. But that’s just me. Without forethought as to where you’ll be in a year (or even a month), whether or not you’ll have enough cash or what you plan on doing for marketing on paper, you’re essentially flying by the seat of your pants.

Not that that’s a bad thing, mind you. ;) It just doesn’t put food on the table.

Mind you, I write business plans for my clients, so I may be biased.

What I’d suggest for those not sold on the business plan idea is to use a template and review it to merely fill in the blanks. You never know what oversights you’ve made until something jogs your memory. I’ve created a list of free business plan templates if anyone is interested.

]]> By: Aleish http://gigaom.com/collaboration/do-you-need-to-write-a-business-plan/#comment-55590 Wed, 28 Feb 2007 21:34:51 +0000 http://webworkerdaily.com/2007/02/25/do-you-need-to-write-a-business-plan/#comment-55590 I agree to you Sharon, we are in a fast changing society now. The only constant thing is change. So, it is important that we have a exit strategy or an alternative plan.
Just want to share this article about the mportance of Creating a Business Plan

Hope this resource will be helpful to your blog and readers.

]]> By: Noah Parsons http://gigaom.com/collaboration/do-you-need-to-write-a-business-plan/#comment-55589 Wed, 28 Feb 2007 20:37:30 +0000 http://webworkerdaily.com/2007/02/25/do-you-need-to-write-a-business-plan/#comment-55589 It was mentioned in an earlier comment, but the real benefit of business planning is the actual process, not the final document that is produced. The people that say, “don’t plan unless you need funding” are really talking about producing a highly-polished document for external distribution. Even these people, I’m sure, have some sort of plan in place – it’s just not in traditional word/excel format.

The key to remember is that the planning process forces you to ask the tough questions about your company: who is your target market, how are you going to reach them, what is your pricing structure going to be, what will it take to break even. Anyone who starts a business should be answering these questions and no matter what form the output takes (paper napkin, powerpoint, traditional business plan document) the important thing is that some form of planning has occurred.

[disclaimer - I work for Palo Alto Software, makers of Business Plan Pro software]

]]> By: Markrmorris2 http://gigaom.com/collaboration/do-you-need-to-write-a-business-plan/#comment-55588 Wed, 28 Feb 2007 13:52:57 +0000 http://webworkerdaily.com/2007/02/25/do-you-need-to-write-a-business-plan/#comment-55588 In my case my business plan became something of a self fulfilling prophecy in that looking back on it now I realize that 90% of what I put in it five years ago is now in place without a lot of conscious effort on my part. My Dad used to tell me to write stuff down if I really wanted to accomplish it, Dad you were right. As the old addage goes, aim for nothing and you will hit it 100% of the time!

]]> By: Debate Tips and Reaons on Entrepreneurship « http://gigaom.com/collaboration/do-you-need-to-write-a-business-plan/#comment-55587 Wed, 28 Feb 2007 09:24:30 +0000 http://webworkerdaily.com/2007/02/25/do-you-need-to-write-a-business-plan/#comment-55587 [...] This post on Web Worker Daily debates on the necessity of Business plan before starting your [...]

]]> By: devicedisposal http://gigaom.com/collaboration/do-you-need-to-write-a-business-plan/#comment-55586 Wed, 28 Feb 2007 08:24:33 +0000 http://webworkerdaily.com/2007/02/25/do-you-need-to-write-a-business-plan/#comment-55586 I think its gives a sense, what I thought, where am I going, track it. Most of the time VCs also dont read, they try to read from the product offerings, customer comments, not really Business Plan.

I think Power point presentation is good enough and easy to track.

]]> By: justlearningman http://gigaom.com/collaboration/do-you-need-to-write-a-business-plan/#comment-55585 Wed, 28 Feb 2007 07:24:46 +0000 http://webworkerdaily.com/2007/02/25/do-you-need-to-write-a-business-plan/#comment-55585 Most of the valid points have already been made, I can only offer encouragement.

A business plan is an evolving document, it grows with you (or can do) and enables you to look back and make appropriate corrections to your enterprise.

It is a necessary discipline, especially if you are looking for external assistance and helps to crystallize your thinking. It’s a bit like learning a new language and helps in talks with banks etc. To know the difference between fixed and variable costs is a tremendous aid to your growth.

Good Luck! It’s not that difficult.

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