Comments on: Develop A Business Plan and Change It Up On A Regular Basis

By: Daljeet Sidhu

Daljeet Sidhu — Sun, 23 Aug 2009 17:32:53 +0000

Thanks for writing an insightful article. As an entrepreneur and co-founder of Tradeseam, a B2b network, I have seen our business plan change radically over the past few months. We would have been out of business if we had not adopted new ideas as we developed the product.

A word of caution though. Changing your business plan does not mean reckless pursuit of opportunities. For an entrepreneur focus is also important.

By: The Psychology Of Changing The Plan | First Serve Strategies

The Psychology Of Changing The Plan | First Serve Strategies — Fri, 21 Aug 2009 13:22:09 +0000

[...] reading a recent blog post entitled, Develop A Business Plan and Change It Up On A Regular Basis, Susan Gunelius describes the importance of frequently revisiting the business plan and changing it [...]

By: Mark Loschiavo

Mark Loschiavo — Thu, 20 Aug 2009 21:21:41 +0000

Kristy,

Thanks for the post. I agree. I often tell the many entrepreneurs and students I work with that the business plan changes the minute it is introduced to the market.

Having said that, I find that most companies have the opposite problem. Instead of refusing to make adjustments to the business plan when needed, they take on the characteristics of a Golden Retriever in a field of butterflies–jumping from one opportunity to the next with reckless abandon.

By: Michael Conwell

Michael Conwell — Thu, 20 Aug 2009 12:55:53 +0000

Kristy,

I could not agree more. I believe that a business plan and a strategy plan need to be more fluid. I do a lot of consulting to small business and new entrepreneurs and I repeat myself on a regular basis on how companies, especially new one’s need to be more flexible when first creating their strategy and business plan. One large client and/or one great partnership may change the outcome of both.