“You may not need a business plan if you’re six Stanford engineers in Silicon Valley who have an app that’s got a million followers, because you’re going to be acquired so you can be hired,” said Ms. Abrams, author of “Successful Business Plan: Secrets & Strategies.” “But if you’re starting a cafe in Des Moines or a graphic design business in Phoenix, you really want to plan. It doesn’t have to be a big document, but you get to make your mistakes on paper, rather than in real life.”

via As Start-Up Strategies Evolve, So Does Role of a Business Plan – NYTimes.com.

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