How To Prepare A Business Plan That Is Useful In Practice

Saturday, February 13, 2021

Have you ever seen one of those 50-page business plans that go into detail about every conceivable aspect of a still purely theoretical business? You probably have, since those business plans have been the industry standard for decades.

Yet, in a world where words like lean and agile are becoming the new norm for startups, 50-page business plans look a bit out of place, and with a good reason.

It’s a fact that creating a plan is very helpful for a new business. A study of more than 10 thousand businesses shows that ventures grow 30% faster on average if they create business plans.

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Category: News