Startup Lessons I Learned the Hard Way

Re:Startup Lessons I Learned the Hard Way by MrFlibble on Monday October 25, 2010 @11:04PM (#1832745)

Sorry to disagree, but saying, "Business plans are always wrong so stop obsessing about them!" is a foolish and cocksure attitude and a good way to suddenly get hit with a dreaded, "oh, I didn't think about that" moment when the fecal matter impacts the turbine as Mr. Murphy pays you a surprise visit.

Sure you may not need detailed 3 year financial projections or spreadsheets coming out your ears, but if you don't have at least a basic plan then you run the risk of having to handle issues you should have seen coming if only you had a basic plan. Writing a plan is as much for the Founder as it is for any investors and only fairly experienced businessfolk can really get away with skipping it.

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Re:Startup Lessons I Learned the Hard Way by nl on Tuesday October 26, 2010 @02:13AM (#1833252)

The plan is useless; it's the planning that's important -- Dwight D. Eisenhower

I interpret this to mean that the planning process forces you to understand the problems you face, and that understanding is what lets you adapt to changes in circumstances.

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