Business Plans v. Business Models



When it comes to business plans some entrepreneurial types might find the following helpful.

I caught this guy in a speech to the National Governor’s Conference on CSPAN — yes, I am a nerd.

Essentially he is saying business plans are really a waste of time. He has what seems to me a better idea. This strikes me as applicable to journalism and entrepreneurship. – Ron

By  May. 11, 2012, 3:30pm PT
When Steve Blank talks about entrepreneurship, people listen. When he writes a book on the subject, like his latest effort with co-author Bob Dorf titled The Startup Owner’s Manual, it’s a good bet it will be on many founders’ bookshelves.Blank co-founded the CRM software company E.piphany and the video game business Rocket Science. His current gigs as an entrepreneurship professor at Stanford, UC Berkeley and Columbia give him a unique insight that combines a historical perspective with a look at the next generation of entrepreneurs.I sat down with Blank at his ranch in Pescadero, where we talked about his book and his take on the state of startups and entrepreneurship. Some key takeaways:

  • Startups are not smaller versions of big companies, so don’t try to be like them
  • Startups are about searching for a business model, not executing a business plan
  • Contrary to the myth, Steve Jobs interacted with consumers more than you think
  • Amazon has been hugely important to the boom in startups
  • Today’s students have a “wonderful entrepreneurial arrogance”

Watch the videos below or listen to the audio only of the entire interview.



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