Oneday picks £2.5M

The London-based platform is making entrepreneurship more accessible to everyone, irrespective of gender, ethnicity or background
Amal Alshamsi
by 
Amal Alshamsi
Oneday picks £2.5M

The most common mistake that entrepreneurs make is to spend too much time on a business plan. Don’t get us wrong, you need to plan your business. But you need to be far more flexible when it comes to building a successful startup

According to startup veteran Steve Blank, a startup is by definition a “temporary organization designed to search for a repeatable and scalable business model.” What this means for you as a founder is that you will constantly be rethinking your approach and trying out new ways, so the old standard of a business plan is outdated. With startup businesses, a sense of uncertainty is healthy! You need to be open to changing your product and business model to guarantee a chance at success.

For this reason, it is typically not a good idea to spend a lot of time defining every detail of your business plan. Almost all aspects of it are likely to change very fast.

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Oneday picks £2.5M Copy 5

The London-based platform is making entrepreneurship more accessible to everyone, irrespective of gender, ethnicity or background

The most common mistake that entrepreneurs make is to spend too much time on a business plan. Don’t get us wrong, you need to plan your business. But you need to be far more flexible when it comes to building a successful startup

According to startup veteran Steve Blank, a startup is by definition a “temporary organization designed to search for a repeatable and scalable business model.” What this means for you as a founder is that you will constantly be rethinking your approach and trying out new ways, so the old standard of a business plan is outdated. With startup businesses, a sense of uncertainty is healthy! You need to be open to changing your product and business model to guarantee a chance at success.

For this reason, it is typically not a good idea to spend a lot of time defining every detail of your business plan. Almost all aspects of it are likely to change very fast.

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