How important are business plans?

SenseiSteve

HD Moderator
Staff member
My perception is that an awful lot of startups, cross industry, are not properly capitalized or organized. This is especially true in web hosting, where for pennies on the dollar, you can throw a website up against the wall, but will it stick? In reality, many don’t, so we hear horror stories of lost data and clients, over and over and over. This reinforces the need to do your homework, formulate a viable business plan and then execute on that plan.

So, do YOU believe business plans are important, or a waste of time in this industry?
 
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