Comments on: News Flash: Research Shows Business Planning Pays Off for Start-Ups http://timberry.bplans.com/2009/02/news-flash-research-shows-business-planning-pays-off-for-start-ups.html Tim Berry on business planning, starting and growing your business, and having a life in the meantime Sat, 21 Nov 2009 17:26:20 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Tim Berry http://timberry.bplans.com/2009/02/news-flash-research-shows-business-planning-pays-off-for-start-ups.html/comment-page-1#comment-273 Tim Berry Tue, 10 Feb 2009 17:33:46 +0000 http://timberry.bplans.com/2009/02/news-flash-research-shows-business-planning-pays-off-for-start-ups.html#comment-273 <p>Hey Jared, how about who's going to do what, when, for how much? And if "solid plan" means to you follow the plan no matter what, without review or revision or management, then I can see why not having one gives you flexibility. How about starting with a solid plan as the first step, and then watching, managing changing assumptions, reviewing, and revising, so you keep both long-term and short-term in the right context, and prioritize? </p> <p>Don't make fun of people for planning; save it for people who think having a plan means you have to follow it without revision or review of managing it. </p> Hey Jared, how about who's going to do what, when, for how much? And if "solid plan" means to you follow the plan no matter what, without review or revision or management, then I can see why not having one gives you flexibility. How about starting with a solid plan as the first step, and then watching, managing changing assumptions, reviewing, and revising, so you keep both long-term and short-term in the right context, and prioritize?

Don't make fun of people for planning; save it for people who think having a plan means you have to follow it without revision or review of managing it.

]]> By: Jared O'Toole http://timberry.bplans.com/2009/02/news-flash-research-shows-business-planning-pays-off-for-start-ups.html/comment-page-1#comment-272 Jared O'Toole Tue, 10 Feb 2009 16:03:24 +0000 http://timberry.bplans.com/2009/02/news-flash-research-shows-business-planning-pays-off-for-start-ups.html#comment-272 <p>I think there's no doubt there should be planning when your starting a business. I don't like the idea of a formal business plan, I think its a huge waste of time. I like the way of an executive summary.</p> <p>But this is also my personal preference. I move things forward and am better without a solid plan because it gives me flexibility. But again this is my preference just because I feel I handle things well this way. I know some people can't put one foot in front of the other without a plan haha. </p> I think there's no doubt there should be planning when your starting a business. I don't like the idea of a formal business plan, I think its a huge waste of time. I like the way of an executive summary.

But this is also my personal preference. I move things forward and am better without a solid plan because it gives me flexibility. But again this is my preference just because I feel I handle things well this way. I know some people can't put one foot in front of the other without a plan haha.

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