Friday, September 25, 2009
Andreessen says: Entrepreneurs Must Be Able To Make Plans And Then Break Them
I've been writing business plans for over a decade for start-up companies and way before that as part of the annual corporate management process. Many times founders are reluctant to pay the fees to update a plan a year down the road, not understanding that it is a work in progress. In fact business plans need to be reviewed at least every six months, not only to ensure management is on track, but also to ensure you are aware of the changing landscape, whether it is the economy and or competitors. Constant fine tuning is the key to success!
I agree with Andreessen, that "its the process of planning that's the most important thing to see". So many founders lack this discipline and end up with a fragmented, shoot in the dark attitude instead of a cogent, defendable strategy. This is the most frustrating part of working with start-ups. No one takes the time nor wants to spend a little money to research their market segment and their demographic - a costly mistake that could be the difference between a successful company and a bankruptcy!
Subscribe to:
Posts (Atom)
Craigslist Kills Free Market Traders
In a stealth move, Craigslist has flagged (removed) all Ads by traders that have an HTML link, without any warning, cutting of income for le...
-
Sprint Nextel to buy Virgin Mobile USA - Los Angeles Times Posted using ShareThis
-
My first impressions of the Apple announcement were not so positive beyond the obvious attractiveness of the product. Once you look ‘un...
-
Today, Google announced a GMail App enabling voice calls for free in the US and Canada - from computer to phone connections. This is a dire...