#business Created at 040323 # [Anonymous feedback](https://www.admonymous.co/louis030195) # [[Epistemic status]] #shower-thought Last modified date: 040323 Commit: 0 # Related - [[Business/Business model]] - [[Templates/Core/Start-up idea template]] # TODO > [!TODO] TODO # Business plan > The general piece of advice, which is fairly mundane and oft repeated, > is: make sure you write a business plan because it will crystallize your thoughts > to communicate your ideas with somebody else. Make sure that once you have > written your business plan, you have somebody read and critique it and ask you > questions. > It doesn’t have to be a cookie-cutter business plan with glossy pages and lots > of information. Essentially it’s a plan that says what the company is going to do, > what problem it is going to solve, how big the market is, what the sources of rev- > enue for the company are, what your exit strategy is for your investors, what > amount of money is required, how you are going to market it, what kind of peo- > ple you need, what the technology risks are, marketing risks, execution risks. > Those are the fundamentals of what goes into a business plan, and many people > have it in their heads but don’t write it down. > ~ [[Jessica Livingston - Founders at Work|Founders at Work]] - Bhatia Hotmail founder > A business plan is nothing more than your own communication to a person not sitting in > front of you—an imaginary person who will read it. Try to answer every possible > question that that person could raise. That’s the description of a business plan, > really. > ~ [[Jessica Livingston - Founders at Work|Founders at Work]] - Bhatia Hotmail founder