Comments on: Are business plans obsolete? http://innovationzen.com/blog/2007/01/12/are-business-plans-obsolete/ Innovation Management, Business Strategy, Technology and more! Fri, 21 Oct 2011 16:44:36 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: Brian May http://innovationzen.com/blog/2007/01/12/are-business-plans-obsolete/comment-page-1/#comment-3454 Brian May Mon, 22 Jan 2007 16:46:09 +0000 http://innovationzen.com/blog/2007/01/12/are-business-plans-obsolete/#comment-3454 I think Jason makes a good point, because there will be changes, but the benefit of the plan is to think of all of the other aspects of a successful business. This isually where businesses fail. It is not that their idea is bad or that they did not have a business plan. It stems more from all the little things that constantly eat at your time and energy that causes problems. I would say you need some type of plan as a blueprint and expect to updated it periodically. If you are doing it for outside funding then it has to be much more formal. I think Jason makes a good point, because there will be changes, but the benefit of the plan is to think of all of the other aspects of a successful business. This isually where businesses fail. It is not that their idea is bad or that they did not have a business plan. It stems more from all the little things that constantly eat at your time and energy that causes problems.

I would say you need some type of plan as a blueprint and expect to updated it periodically. If you are doing it for outside funding then it has to be much more formal.

]]> By: Jason Drohn http://innovationzen.com/blog/2007/01/12/are-business-plans-obsolete/comment-page-1/#comment-2982 Jason Drohn Fri, 12 Jan 2007 02:04:06 +0000 http://innovationzen.com/blog/2007/01/12/are-business-plans-obsolete/#comment-2982 I have to say that each of the two business plans I wrote and put into practice are no longer good in their original forms. Business changes and entrepreneurs adapt. When you set out, you might be thinking one thing, only to be side swiped by another. A business plan forces you to get very real about your idea (ie competitiors, workforce structure, etc.) but they aren't a roadmap. I have to say that each of the two business plans I wrote and put into practice are no longer good in their original forms. Business changes and entrepreneurs adapt. When you set out, you might be thinking one thing, only to be side swiped by another.

A business plan forces you to get very real about your idea (ie competitiors, workforce structure, etc.) but they aren’t a roadmap.

]]>