Zack Kanter on Twitter: "Lots of people replying to this thread with the “plans are useless, planning is useful” mantra. Planning is harmful at the early stage because of 1) opportunity cost of time/focus, and 2) commitment bias to plans that don’t make sense.… https://t.co/YvuAHZtQQt"

@zackkanter

Founder/CEO @ http://Stedi.com (modern EDI platform) & previously Proforged (acq by Huron Capital), future-enthusiast, occasional blogger, all-around nerd.

Boulder, CO

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1. Kirby Winfield‏ @kirbywinfield Jul 28
  
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  Replying to @zackkanter
  
  when I went from running a big P&L at a pubco to running a startup, one of my biggest strengths (deep analysis informing plan and relentless commitment to hitting plan) became a giant weakness and almost sank the company - delayed pivot due to being married to bad revenue.
  
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1. Roy E. Bahat‏Verified account @roybahat Jul 28
  
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  Yup!https://link.medium.com/7M35JUl1HY
  
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1. devahaz‏ @devahaz Jul 28
  
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  We’ll be $1M next year, then $3M, $9M, $25M, $50M, $100M. Ready for next slide?
  
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1. Jason‏ @Jason_Handy Jul 28
  
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  There needs to be a vision, and at least some sense for how to move towards that vision. Maybe not a fancy powerpoint deck that the Wall Street boys are used to, but there has to be something.
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1. Damian Soong‏ @damian_soong Jul 28
  
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  Replying to @zackkanter
  
  3) spending time on reports vs plan!
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1. Alex M H Smith‏ @smithesq Jul 28
  
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  Replying to @zackkanter
  
  Most successful companies emerge via the founder being responsive to the unpredictable direction the market demands after launch. It’s Mike Tyson’s immortal wisdom of “everyone’s got a plan until they get punched in the mouth”.
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1. Emrah Yalaz‏ @emrahyalaz Jul 28
  
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  Replying to @zackkanter
  
  Useful to calc cost of delay
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1. jaminbrazil‏ @jaminbrazil Jul 29
  
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  For me, the plans are wrong but the process is helpful. Thinking through year 0 to 3 of your financials helps identify assumptions to test. + it shows business acumen @roybahat #startup @DynaBoen1
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