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Should You Write a Business Plan?

This article comes from Startupolic and is the sole property of its author

Writing a business plan at the time of the lean startup sounds like a weird idea. No?

Many people think that writing a business plan is no more needed. Which is true and… wrong, at the same time!
Writing a complete business plan per se is not needed, especially if you:
  • just have an idea;
  • have not done your homework with the Value Proposition Canvas and the Business Model Canvas;
  • are dreaming your project instead of starting it (yeah, there are many wannabe entrepreneurs around there)!
  • have not discussed with any potential customer;

Among other ones, these are reasons not to write a business plan. Of course, when you’re starting a project, you should have a rough idea about the potential market. But you should start by focusing on the pains faced by your target customers. And...

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Tags:  Fundraising, Business Model Canvas, Business Plan, Lean Startup, Value Proposition canvas


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