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6 Situations Where A Business Plan Does Not Add Value

Writing a business plan is hard work, so I get lots of pushback from prospective new venture founders that it’s just a waste of their valuable time in this rapidly changing environment. They all claim to have the plan in their head, and writing it down will only slow down their success. In my experience to the contrary, first-time entrepreneurs without a written plan almost always fail.

On the other hand, if you just sold your last business for $800 million, no investor or advisor is going to ask you for a detailed plan on your next one. A good executive summary, backed up by a few PowerPoint slides should be more than adequate. Yet it’s interesting to note that most serial entrepreneurs don’t hesitate to create or ask for detailed business plans on every new venture.

Marty Zwilling

Full Story: http://blog.startupprofessionals.com/2017/08/6-situations-where-business-plan-does.html

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