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 response to analysis. However whereas this may tempt some entrepreneurs to make writing a plan their very first process, a subsequent research exhibits that writing a plan first is a extremely dangerous thought. It’s a lot 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 response to 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 process, our subsequent study exhibits that writing a plan first is a extremely dangerous thought. It’s a lot 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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