Business Plans are a Waste of Time | Sproutbox Media

Business Plans are a Waste of Time

It’s true. People spend so much time planning, ideating and perfecting that they lose sight of the goal: to move forward. Business plans can be a huge hurdle to growing a business.

“If you’re taking time to carefully perfect a business plan to help ensure your company’s model is sound and that it will be a success–stop. That’s the word from William Hsu, c0-founder and managing partner at start-up accelerator MuckerLab.

Hsu, who’s been both a successful entrepreneur and an executive at AT&T and eBay, says that starting a company is a career for really irrational people. In all probability, whatever the idea is will fail. Building a reality distortion field is how entrepreneurs convince themselves and their employees that this is a good idea.”

Read the full article here: http://www.inc.com/minda-zetlin/business-plans-are-a-waste-of-time-heres-what-to-do-instead.html