Thursday, April 23, 2020

Copy-pasted Business Plans


They are coming in all shapes and sizes, from free brochures for getting rich quickly to fill-in-the-blank templates distributed by banks for getting a business credit.

The mirage of living a good life or even having a luxury lifestyle based on passive incomes is always tempting, but very few are getting there and for a very short time. Receiving millions of clicks for an article or a video is about haphazard, and securing a contract assuring a 7 or 8 figure income is always coming with a cost you are ready to pay or not.

I'm not discouraging anybody from doing investments without domain knowledge or playing the lottery, but I consider these two similar in their essence, and I'd allocate only small amounts of excess money for such experimentations.

While experimentation is considered a fundamental technique for implementing the business idea of a lean start-up, it's not easy to be done right, as it shows the big percentage of failed new companies.

Over the years I've seen a number of very different approaches to develop a new business, and very different chains of decisions. The common root cause of the failures I've seen so far has been the improperly elaborated and/or applied business plan, by following the patterns learned from already established organizations.

If I were in partnership with all those people I've seen giving up on their business ideas, now I'd be an experienced investor. As a freelancer I can only offer an opinionated piece of software for assisting to-be product owners in their financial decisions, available at: https://www.microsoft.com/store/apps/9NBLGGH52LJC