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Why Your First Business Plan Should Be a Draft, Not a Masterpiece

Author

Ashish Kumar
January 05, 2025 • Estimated Reading Time: 3 minutes

Good Morning!

It’s a Sunday, and we have already spent 4 days of 2025. Have you started working on your goal? If not. don’t wait!

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1% BETTER MORNING

Why Your First Business Plan Should Be a Draft, Not a Masterpiece


Most startups fail not because the idea was bad but because the plan was too rigid to adapt to reality. Are you falling into this trap?


Your initial business plan is not a sacred document—it’s a hypothesis. Markets evolve, customer needs shift, and competitors emerge. A flexible plan allows you to pivot based on real-world data. Focus on testing assumptions rather than perfecting projections. Think of your business plan as a living, breathing tool, not a static masterpiece.

Key Action Point:
Review your business plan today and identify at least one assumption you can test within the next week. Let your findings refine your plan.

WHAT I AM READING

How to Finish Everything You Start by Jan Yager

👉Today’s Takeaway: Delaying tasks because they seem overwhelming? Break them into smaller, manageable chunks, and commit to tackling one step at a time. Progress beats perfection. It makes life easier and simpler.

STARTUP SPOTLIGHT

Flyfin is a fintech company that offers a human plus AI-powered tax prep and tax filing service.

FlyFin offers the first AI-based tax engine that combines the human expertise of real CPAs, resulting in a powerful, automated solution that eliminates 95% of the work required for 1099 self-employed individuals to prepare their taxes.

FlyFin’s mobile-first app is ideal for self-employed people, freelancers, gig workers, and creator economy free agents, who often have greater tax complexities.

FlyFin helps individuals maximize self-employment tax deductions and income tax refunds.

YOUTUBE TREASURE

👉My Pick: How to Plan an EPIC 2025 in Less Than 56 Minutes

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