At least we don’t ask “Should we?”

Business Plans are an important and highly debated artefact in entrepreneurship. Since I teach and research this subject, I get asked this very often. I am one who believes that “planning” is more important than “plans” and have advocated this to all my students. There are enough opinions for and against writing business plans, but I think this article caught my fancy. The main message is — don’t plan early; don’t plan for too long; and keep planning alongside other activities.

Link: https://hbr.org/2018/05/when-should-e...?

I liked this article for a few reasons:

It moves beyond the “should we?” debate
It is a research based work and not an opinion
It shows that it pays to plan
It shows the pros and cons of planning for entrepreneurs

I think entrepreneurs must read the article. More importantly I think entrepreneurship educators must read this article.

Hope you enjoy reading it.