When asked about an opponent’s plan for their impending fight, former world heavyweight champion Mike Tyson once said: “Everyone has a plan until they get punched in the mouth.”

As entrepreneurs, we often 'learn by doing' and as tempting as it is to act and improvise to learn vs. spending resources on planing; I've come to appreciate that there is a careful balance between planning and doing required, particularly with the objectives of growing fast and raising money.

Inspired by: Harvard Business Review - Writing a Business Plan Makes Your Startup More Likely to Succeed, by Francis J. Greene and Christian Hopp