Comments on: How to Succeed Online without a Business Plan http://wageslaverebel.com/how-succeed-online-without-business-plan/ Lessons in Dismantling the Status Quo Wed, 29 Jun 2011 00:13:04 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Baker http://wageslaverebel.com/how-succeed-online-without-business-plan/comment-page-1/#comment-2748 Baker Mon, 14 Jun 2010 18:13:22 +0000 http://wageslaverebel.com/?p=1099#comment-2748 <p>This is one of the coolest layouts I've seen on a blog before. I agree with you about the solution being simplicity. The more simple and funw e can have doing what we do, the better the results, enjoying the process in the moment is key. Awesome post.</p> This is one of the coolest layouts I’ve seen on a blog before. I agree with you about the solution being simplicity. The more simple and funw e can have doing what we do, the better the results, enjoying the process in the moment is key. Awesome post.

]]> By: Personal Development Favorites For June 13, 2010 http://wageslaverebel.com/how-succeed-online-without-business-plan/comment-page-1/#comment-2739 Personal Development Favorites For June 13, 2010 Sun, 13 Jun 2010 20:58:36 +0000 http://wageslaverebel.com/?p=1099#comment-2739 <p>[...] How To Succeed Online Without a Business Plan over at Wage Slave Rebel [...]</p> [...] How To Succeed Online Without a Business Plan over at Wage Slave Rebel [...]

]]> By: Sonicsuns http://wageslaverebel.com/how-succeed-online-without-business-plan/comment-page-1/#comment-2717 Sonicsuns Sat, 12 Jun 2010 04:21:32 +0000 http://wageslaverebel.com/?p=1099#comment-2717 <p>37signals has it write. Planning is all-too-often guessing.</p> 37signals has it write. Planning is all-too-often guessing.

]]> By: Mike Roberts http://wageslaverebel.com/how-succeed-online-without-business-plan/comment-page-1/#comment-2714 Mike Roberts Fri, 11 Jun 2010 23:53:38 +0000 http://wageslaverebel.com/?p=1099#comment-2714 <p>I wish I had this advice when I was consulting with a client about a restaurant/lounge acquisition last year. We agonized over a business plan for weeks (I'm terrible at the formalities of business).</p> <p>We finally realized that we were just putting down make believe numbers on a fancy spreadsheet to impress investors. All we really wanted was for them to feel what we were trying to do and be willing to invest their hard earned dollars in a business that they believed in.</p> <p>We didn't need a bunch of made up numbers on a piece of paper to do that.</p> <p>We trashed the business plan and instead wrote just a few pages focusing almost entirely on the vision of the restaurant. We walked the investors through our dream so they could began to feel like they were part of it. We invited them in on the busiest nights to impress them and give them the VIP treatment that comes with being a parter in the hottest lounge in town.</p> <p>We didn't sell them bullshit numbers, we sold them the experience.</p> <p>Going forward, I can't ever see myself writing out more than an outline for a business plan. Everything else, is pure guess work and like JD said, and this is my favorite part of this article, "A business plan can lock you into failure". This to me, is the most insidious reason of all.</p> <p>~Mike</p> I wish I had this advice when I was consulting with a client about a restaurant/lounge acquisition last year. We agonized over a business plan for weeks (I’m terrible at the formalities of business).

We finally realized that we were just putting down make believe numbers on a fancy spreadsheet to impress investors. All we really wanted was for them to feel what we were trying to do and be willing to invest their hard earned dollars in a business that they believed in.

We didn’t need a bunch of made up numbers on a piece of paper to do that.

We trashed the business plan and instead wrote just a few pages focusing almost entirely on the vision of the restaurant. We walked the investors through our dream so they could began to feel like they were part of it. We invited them in on the busiest nights to impress them and give them the VIP treatment that comes with being a parter in the hottest lounge in town.

We didn’t sell them bullshit numbers, we sold them the experience.

Going forward, I can’t ever see myself writing out more than an outline for a business plan. Everything else, is pure guess work and like JD said, and this is my favorite part of this article, “A business plan can lock you into failure”. This to me, is the most insidious reason of all.

~Mike

]]> By: Developing an Online Business in Bursts of Madness | Wage Slave Rebel http://wageslaverebel.com/how-succeed-online-without-business-plan/comment-page-1/#comment-2701 Developing an Online Business in Bursts of Madness | Wage Slave Rebel Fri, 11 Jun 2010 16:29:15 +0000 http://wageslaverebel.com/?p=1099#comment-2701 <p>[...] I wrote that business plans are useless for online entrepreneurs and this is why. At the core of nearly every online business is a certain [...]</p> [...] I wrote that business plans are useless for online entrepreneurs and this is why. At the core of nearly every online business is a certain [...]

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