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 job, a subsequent research reveals that writing a plan first is a very dangerous concept. It’s a lot better to attend, to not commit 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 job, our subsequent study reveals that writing a plan first is a very dangerous concept. It’s a lot better to attend, to not commit an excessive amount of time to writing the plan, and, crucially, to synchronize the plan with different key startup actions.

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