Business plan for startups? How much hard word should be expected?

Business plans are often stale as soon as they're complete. But here's why some form of business plan is important... it's because it forces you to do the necessary research to understand competitors, the market you're entering, where you fit, what kind of finances you need, and much more. It also forces you to describe your business and put your objectives on paper. These pieces are key. That said, it's not about time, but about really planning for your startup. Back in the day, I wrote huge business plans that took months to get on paper. Now a days, a one-pager suffices. But the key is the knowledge you gain from doing the research and sitting in the headspace of your startup.

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