Palle Frid Svensson and I met on Sunday and discussed how to tackle the documentation of the creation of the business plan as we go along during this new exciting journey. We decided to start out with the TeaParty.nu site and then look into the Chai 'n Java concept.
We started to go through the time table for week 1 on page 3 in 3 Weeks to Startup. From the book:
The main idea. Is there a there there? Does anybody need (or want) what you intend to sell? is there a market? How big is it? How will you focus? Do you have a strategy, or are you just going to do everything for everybody?
As homework, we will follow figure 1-1 on page 11: Defining Your Business Identity and cover the three parts: You, What You Sell and To Whom.
At the end of the meeting, we checked out Bplans and Palo Alto Software and discussed if we should get both the business plan and the marketing plan software (powered by Duct Tape Marketing) at the same time, or if we should start out with the business plan software.
Reading material: A Business Plan Doubles Your Chances for Success, Says a New Survey by Rieva Lesonsky.