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Do you really need a business plan?

Carole Hodgson

Startup founders will almost inevitably be asked for a detailed business plan by potential investors. But a precisely defined structure is not necessarily the best way to embark on a new venture, according to Carl Schramm, writing for Harvard Business Review.

A university professor teaching innovation, Schramm has studied the paths of global entrepreneurs and discovered that some of the most successful started out with products or services developed and delivered without the confines of a business plan.

NO-PLAN SUCCESS STORIES

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Credits:
Source Article: It’s Not About The Framework
Author(s): Carl Schramm