Business plans are the tool existing companies use for execution. They are the wrong tool to search for a business model.
Steve BlankRead
People talk about getting lucky breaks in their careers. I’m living proof that the “lucky breaks” theory is simply wrong. You get to make your own luck... The world is run by those who show up…not those who wait to be asked.
Interpretation
Success results from taking initiative and creating opportunities rather than relying on luck.
This quote emphasizes the idea that success in careers does not come from mere chance or luck, but rather from proactive effort and engagement. Steve Blank argues that those who are successful are the ones who actively pursue opportunities and take the necessary steps, instead of waiting for favorable conditions or invitations to act. It is a call to take control of one's own destiny and to venture forth boldly.
In practice
This quote can be used in a motivational speech at a startup event.
Business plans are the tool existing companies use for execution. They are the wrong tool to search for a business model.
Unless you have tested the assumptions in your business model first, outside the building, your business plan is just creative writing.
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I've always said to everyone that ever worked for me, if you get too dug in on a position, the facts change, and you don't change to adapt to the facts, you will never be successful.
Yes, Roger Hunt misses a few, but he gets in the right place to miss them.
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If you are going to be a great investor, you have to fit the style to who you are.
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