Why would writing a business plan could be a cause of failure in your startup

Have a new idea? Do not write a business plan, yes I mean what I say to you well .. You are now in the first stage of your company and writing a business plan, be careful !, you are approaching failure!

I also know that you may need to write an elegant business plan in order to obtain investor financing, or to enter a business incubator, but as Steve Blank says: “No business plan will stand up to the first encounter with clients,” meaning that the business plan contains a large group of Untested assumptions about product, customers, market size, competition size, marketing, finance, etc. Those things that take a lot of time planning for them, and then after that the product or business model is already not suitable for the customer, and therefore you have made a strenuous effort to no avail.

“There is no business plan that will stand up to the first encounter with customers.”

Therefore, in the beginning, you should focus first on the core assumptions that are easy to test in a short time, before spending too much time, effort and money building a product or business plan. This is what the business model provides, according to Steve Blank’s model for lean startups. The first stage of the company is not to produce a brilliant business plan, but rather to search for a scalable business model and test it with some clients. On a small scale, then scale / grow based on an elaborate business plan (business plan) whose most important hypotheses are pre-tested.

Why should you be looking for a scalable business model?

Because scalability is the difference between what you create is a startup or a small business, and there is a big difference between them, the startup is the seed for a large company that can grow at a tremendous rate and expand very greatly, while a small business is a company focused On a local or small scale and you cannot go beyond it.

The business model is not the only magic bullet to get rid of the problem of ill-considered assumptions, but it makes it easier. All it takes is that it collects the basic assumptions of your startup on one page to put them to the test with clients. No more assumptions, time and nicely crafted business plans, focus on the most important!

In a business model, sticky notes are often used to facilitate modification, transfer, and deletion, making the business model an ideal tool to use while researching against a business plan.

2 Brilliant Tips to Build a Scalable Business Model | Bridge Blog

1. Recruit deliberately

Adhere to an employing methodology that will fabricate a solid group for your business; a business not of today, but rather that which you imagine it to be. Recruiting the correct individuals encourages you to zero in on center business objectives. New companies normally will in general fill key situations with relatives and companions. Have an unmistakable future vision and recruit specialists with required ability to scale your business. Attempt to enable your workers with authority and dynamic capacities which will be of incredible assistance once your business enters the quick development direction.

The significance is that it’s vital for assemble a subsequent line group of pioneers as everything can’t rely upon the business visionary.

2. Fabricate confided in organizations Attempt to construct a solid and strategic accomplice biological system by entering associations with existing business sector players. It very well may be truly remunerating to connect with an organization whose client base is like yours. You can sustain the relationship by framing commonly helpful objectives, participating in visitor contributing to a blog, co-facilitating occasions, and so on.

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