Startup Learning 101 — Part1

Is it worth crafting a multi-year business plan as a startup?

In my POV:

The moment you try to build a startup on Excel & paper and try to pull a magical risk-averse multi-year plan out of thin air you are already creating a template that will leave very little space for your to innovate & experiment at least in the mind level. Actually, it is an expression of indirectly saying “I know it all”

What I have learned from my past entrepreneurial mistakes is that

The only practical way of building a startup is to execute it on the ground brick by brick have a short-term view with some practical expectations and learn fast to define the next short-term plan. Building startups should be incremental in nature and everyone involved in the process should focus on achieving that short-term goal without fail.

I feel:

“Building a startup is both an art & a science that requires you to stay relevant in the present and have an eye on the future ensuring the core value of serving consumers is never out of sight “