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These Are Ways How to Plan Less and Grow Faster

This article is part of our “Business Planning Guide” —a curated list of our articles that will help you with the planning process!

Today, I want to introduce a new approach to business planning: Lean Planning.
Lean Planning replaces lengthy business plans with a 20-minute planning process that focuses on increasing your chances of success in business. It focuses on taking small steps, reviewing your results, and creating incremental improvements—all while reducing your risk of failure.
Lean Planning is simpler and faster than writing a traditional business plan. And, it’s a better approach for starting and growing successful companies. Read on to learn how to create a Lean Business Plan and how to make the Lean Planning process work for you.

Let’s face facts: Writing a traditional business plan is a hassle.

A traditional business plan takes too long to write.
Most people won’t even read it from cover-to-cover.
It’s often outdated by the time you finish writing it.
It doesn’t lend itself to frequent and easy updating—and that’s the core of the problem.
Historically, entrepreneurs have taken months to craft detailed plans without even gathering feedback from potential customers. Entrepreneurs have viewed business planning as a single hurdle to get their business up and running or a thick wad of paper to shove across a banker’s desk in order to get the funding they need. These business plans end up as just a collection of guesses and assumptions, instead of a proven roadmap for growth.
But, planning is still critical—that’s a fact backed by science.

The business plan might be broken, but the planning process is still vital.

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