Professional investor Bijan Sabet received a blog as a business presentation. He suggests it makes sense. “It’s a first for me,” he adds. “I actually liked it.”
You can read more of the post for a quick view of the navigation involved, and some interesting comments as well.
What I really like about this is it is a concrete example of what I’ve been saying about planning and plans. Form follows function. Business planning is about running a business better and a business plan is not the set-in-stone standard format coil bound quasi-PhD treatise. It doesn’t have a standard outline and a defined format. It better have good market analysis, good focus, good cash flow, and it better have concrete dates, deadlines, budgets, and assigned responsibilities.
I think it will help people get out of the rut, meaning all these stupid “don’t do a business plan” comments from people who really mean don’t get lost in the document, don’t obsess, don’t do a business plan covering more than you need, and do a business plan as a tool for business management, a plan you’ll track and follow up.