The importance of having a plan

#1

Post by mathoda » Tue, Apr 07, 2009, 10:45 PM UTC

The importance of having a plan
mathoda.com

Re: The importance of having a plan

#2

Post by AndrewWarner » Tue, Apr 07, 2009, 10:52 PM UTC

All the old business advice books I read talked about the importance of having a plan. In the interviews I do with successful entrepreneurs, I don't see clear, detailed plans. I wonder what this means?

Re: The importance of having a plan

#3

Post by padmanabhan01 » Tue, Apr 07, 2009, 11:04 PM UTC

Obviously a lot of ingredients go into being successful, and invariable few of them get highlighted more and few less in any advice or suggestion given by anyone.

A great plan will not take one anywhere without good execution. and a great plan executed well can fail if timing is not right or for thousand other reasons.

The bottomline is - there is no single silver bullet.

Re: The importance of having a plan

#4

Post by MichaelApproved » Tue, Apr 07, 2009, 11:05 PM UTC

There is a difference between not having a plan and having one that allows for experimenting. Just because you're trying different things doesn't mean you don't have a plan.

A plan is a good thing. It keeps you from losing focus, lets you set goals and helps you know if you're on track.

Create a plan, you'd be a fool not to, but make sure it allows you to experiment.

Re: The importance of having a plan

#5

Post by run4yourlives » Tue, Apr 07, 2009, 11:33 PM UTC

This is all you need to know about planning, from two of the greatest military minds of the last century:

In preparing for battle I have always found that plans are useless, but planning is indispensable. - Dwight D. Eisenhower

A good plan, violently executed now, is better than a perfect plan next week. - George S. Patton

Re: The importance of having a plan

#6

Post by markessien » Wed, Apr 08, 2009, 12:15 AM UTC

There is always a famous quote that supports your point of view, no matter how wrong you are.

Re: The importance of having a plan

#7

Post by adsyoung » Wed, Apr 08, 2009, 12:36 AM UTC

markessien wrote: post #6

There is always a famous quote that supports your point of view, no matter how wrong you are.

Absolutely, although I'm struggling to find a good famous quote to support this point of view.

Re: The importance of having a plan

#8

Post by mahmud » Wed, Apr 08, 2009, 1:08 AM UTC

AndrewWarner wrote: post #2

All the old business advice books I read talked about the importance of having a plan. In the interviews I do with successful entrepreneurs, I don't see clear, detailed plans. I wonder what this means?

The new entrepreneurs you're meeting are probably working in markets that aren't established; you can't plan for what you don't understand. The best you can do is make something that's good NOW, but be prepared to change your product if not your mission as the circumstances dictate.

Re: The importance of having a plan

#9

Post by Harkins » Wed, Apr 08, 2009, 1:54 AM UTC

adsyoung wrote: post #7

markessien wrote: post #6

There is always a famous quote that supports your point of view, no matter how wrong you are.

Absolutely, although I'm struggling to find a good famous quote to support this point of view.

  Some for renown, on scraps of learning dote,
  And think they grow immortal as they quote.

Re: The importance of having a plan

#10

Post by Tangurena » Wed, Apr 08, 2009, 2:06 AM UTC

AndrewWarner wrote: post #2

All the old business advice books I read talked about the importance of having a plan. In the interviews I do with successful entrepreneurs, I don't see clear, detailed plans. I wonder what this means?

Most successful people don't know how they got to be successful. They'll attribute it to whatever they think got them there.

Luck is being prepared for an opportunity

Those who are not prepared, are unlucky. They let life push them in whatever random direction life pushes them in.

http://sithsigma.wordpress.com/2009/03/18/luck-is-being-prep...