Content type: Research Paper
Planning tends to up the chance of business success by between 10% and 20%.
Plans help generate agreement, surface assumptions, ensure things aren’t missed, and highlight potential dangers.
Cite: Greene, F. J., & Hopp, C. (2017). Are formal planners more likely to achieve new venture viability? A counterfactual model and analysis. Strategic Entrepreneurship Journal, 11(1), 36-60. https://doi.org/10.1002/sej.1245