12/01/2005

Analyst Blogs: Good Source of Industry Trends

This post from The Entrepreneurial Mind points to Tekrati Analyst Cafe: Analyst Blogs as a rich source of technology oriented industry information, stating:

"Not only is industry data like this is critical for effective start-up planning, but also for managing the growth of a business. Business planning should be a process, not an event...[T]he market you are entering is probably under going dynamic change. This change is what in most cases creates the opportunity you are pursuing. You are entering what Peter Vaill calls permanent white water.

Your plan is full of assumptions, not just facts. Assumptions need to be tested and refined. Sometimes they need to be abandoned if proven wrong. The plan is more like a general map of a river. It shows where you will be headed, but the key to your success in navigating this river is in your ability to adjust.."