In a fast-changing world is a business

plan still necessary? Alon  Rozen  -­‐  Asst.  Dean,  Professor,  Consultant,  Business  Owner  

September  28,  2013  –  Conference  on  Entrepreneurship  

Why is this question worth

answering ?

FAST CHANGING ?

“Fast-changing” = challenge?

What is a business plan (anyway)?

If BP = Road Map

then a destination

seems necessary…

If BP = Road Map +

Strategic Plan then is

a destination necessary ?

Start-ups

In  a  world  of                          what  do  start-­‐ups  need  to  know  about  their  business?    

pivots  Q1

Q2 What  do  start-­‐ups  need  to  know…  before  talking  to  angels  and  VCs?  

Business  Plan    

NewCo        

Why  is  the  subject  of  this  discussion  appropriate  a?er  all?  What  has  indeed  changed?  

Start-ups Business  Plan  

 NewCo        

>

Work   Biz  Plan   Start  

Work  Biz  Plan  Start  

B4

2day

Business  Plan  

Part   of   a  

process  

So in a fast-changing world is a business plan still necessary?

YES, but… 1/ Not as the objective 2/ From Bplan to Bplan development 3/ In a new form factor