Ask Tim Berry – Do I Even Need a Business Plan?
www.bplans.com – Some high-profile startups and business leaders have questioned the need for (and even the value of) business plans. Here’s why they are wrong, according to business planning expert Tim Berry.
When it comes to business planning it might help to think of it instead as a set of different plans rather than this big monolithic document of 50 pages or so.
For instance (and correct me if I’m wrong):
- Organizational Plan (with strategic vision etc.)
- Marketing Plan (Where and how)
- Financial Plan (what is sponged up from the where and how)
That’s a good point Memubitsu and a strategy that Tim embraces in his “Plan as you go” approach to business planning. Our software, Business Plan Pro, also endorses the approach by guiding you to create just the type of plan you need.
Not everyone needs the old standard 50 page business plan document. We have it if you need it but you might just need a Loan Document, Executive Summary or a Financials only plan..