When Ought to Entrepreneurs Write Their Enterprise Plans? – HBR.org Day by day

It pays to plan. Entrepreneurs who write enterprise plans usually tend to succeed, in keeping with analysis. However whereas this may tempt some entrepreneurs to make writing a plan their very first activity, a subsequent research exhibits that writing a plan first is a extremely unhealthy thought. It’s significantly better to attend, to not dedicate an excessive amount of time to writing the plan, and, crucially, to synchronize the plan with different key startup actions.
It pays to plan. Entrepreneurs who write enterprise plans usually tend to succeed, in keeping with our analysis, described in an earlier piece for Harvard Business Review. However whereas this may tempt some entrepreneurs to make writing a plan their very first activity, our subsequent study exhibits that writing a plan first is a extremely unhealthy thought. It’s significantly better to attend, to not dedicate an excessive amount of time to writing the plan, and, crucially, to synchronize the plan with different key startup actions.

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