KB: Business Plan

[This Knowledge Base series will include our answers to select questions on Quora.com and miscellaneous queries we get from our customers, partners and other interest groups.] 

How do I explain other people that making traditional business plans for early-stage startups is a waste of time?

Unless it is an established market, making a 3-5 year forecast for a startup is nearly impossible. Even with contract based businesses, it is reasonable to expect maximum 1-2 years of pipeline.

Business plans have earned a bad reputation due to the rigid way in which they are conceived and crafted. Most business plans tend to be "definitive" and can be anywhere between 35 and 60 pages. Any startup business plan more than 10-15 pages long is superfluous.

Here are some things you might want to consider:

Link: https://goo.gl/Q9oGLA

Labels: , , , , ,