Formal business plans (at least for internet or saas companies) are wildly over-rated and increasingly unnecessary.
They may provide more value in other industries (I have no/limited experience outside of internet/software).
Prototyping is so easy, quick, and inexpensive.
Why spend a week or two on a business plan when you can spend a week putting up a landing page, driving some ads at it, and then definitively get some data points on, "do people want what I'm about to do?"
They may provide more value in other industries (I have no/limited experience outside of internet/software).
Prototyping is so easy, quick, and inexpensive.
Why spend a week or two on a business plan when you can spend a week putting up a landing page, driving some ads at it, and then definitively get some data points on, "do people want what I'm about to do?"