Re:When was the last time you looked at your business plan?
by swombat on Thursday December 11, 2008 @02:17PM
(#394643)
But at the end of the day, it's usually akin to a virgin trying to write a sex manual-- no amount of research/planning is going to make it a good/accurate plan.
It doesn't need to be accurate. Even a virgin can benefit from thinking about what he's going to be doing once it all starts happening. I'll also add that running a business is a lot less instinct-driven than sex (well, for most people... I know some exceptions!).
rere: #1 - it's quite possible that a short paragraph is not enough to set out all the key elements of a multi-year venture. In my experience, in fact, that's pretty much always the case.
rere: #2 - Not everyone has been running businesses since they were born. Artifical structures help in running a business just as they help in many other things.
rere: #4 - you don't need to refer them back to the plan all the time, but it helps split up all the stuff that needs to get done so that it's easier to assign ownership for chunks of it. Of course in a start-up everyone does a bit of everything, but that doesn't mean everyone should step on each other's feet constantly.
It doesn't need to be accurate. Even a virgin can benefit from thinking about what he's going to be doing once it all starts happening. I'll also add that running a business is a lot less instinct-driven than sex (well, for most people... I know some exceptions!).
rere: #1 - it's quite possible that a short paragraph is not enough to set out all the key elements of a multi-year venture. In my experience, in fact, that's pretty much always the case.
rere: #2 - Not everyone has been running businesses since they were born. Artifical structures help in running a business just as they help in many other things.
rere: #4 - you don't need to refer them back to the plan all the time, but it helps split up all the stuff that needs to get done so that it's easier to assign ownership for chunks of it. Of course in a start-up everyone does a bit of everything, but that doesn't mean everyone should step on each other's feet constantly.