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| | | | | | INSTANT MBA: Business Plans Are Important And Necessary Today's advice comes from Jeff Bezos, founder and CEO of Amazon:
"So, you want to start a company.
Well, the first thing you do is you should write a business plan, and so I did that. I wrote about a 30-page business plan. I wrote a first draft. In fact, I wrote the first draft on the car trip from the East Coast to the West Coast. And, that is very helpful.
You know the business plan won't survive its first encounters with reality. It will always be different. The reality will never be the plan, but the discipline of writing the plan forces you to think through some of the issues and to get sort of mentally comfortable in the space. Then you start to understand, if you push on this knob this will move over here and so on. So, that's the first step."
Jeff Bezos, Founder and CEO of Amazon Want your business advice featured in Instant MBA? Submit your tips to tipoftheday@businessinsider.com. Be sure to include your name, your job title, and a photo of yourself in your email. Visit War Room for head-snapping advice and profitable insights for entrepreneurs, small businesses and managers. » | | | | | | | The email address for your subscription is: dwyld.kwu.careers@blogger.com Manage Email Preference | Unsubscribe | Subscribe | Subscribe to War Room RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy | | | | | | |
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