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#ask-ih Business plan questions?

First off, I would like to know who in here has a formal written down business plan for their business and then...

If yes, when did you find you first needed it?

If no, why did you choose not to make one?

Thanks in advance!

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    This comment was deleted 3 years ago.

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      This was very helpful thank you!

      I know down the line I am going to need funding. I'm planning on bootstrapping it until I have a basic product but once that is finished I am planning on approaching investors for help refining it. Do you think it would be helpful to do the business plan now, or just start with a strategic plan and then only make a business plan when I need it?

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        This comment was deleted 3 years ago.

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          Sort of! I set up a landing page announcing the product and asking for feedback.

          https://mailchi.mp/4bbb6d2014ba/zuppacomingsoon

          In four days of minimal promotion I already have over 25 people saying "Yes! Let me know when this is live!" and a few people who have reached out to offer suggestions so I think it's at least headed in the right direction.

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            This comment was deleted 3 years ago.

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              Well, I still have to finish building it haha. I'm scheduled to have a beta version released by September.

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                  That makes perfect sense, thank you so much! I think I've pared down my MVP as much as I can, the only delay is the fact it needs to be coded and I'm teaching myself programming along the way haha

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                    This comment was deleted 3 years ago.

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