Are Business Plans A Waste Of Time?

I tried to write a business plan with the intent of developing the idea. I wrote about half of it but then I gave up on it so that I could focus on building the product.

I will make money if people use my product but I won't make any money if people read my business plan.

Define business plan: is it your sales pitch or is it your internal reference?

A nice complement to this can be found here:

http://www.bothsidesofthetable.com/2009/11/03/are-business-p...

I've yet to meet a VC who actually reads a business plan.

Yes

One of the better startup business plan frameworks I've come across was one Dave McClure included in his post Startup Metrics for Pirates (http://500hats.typepad.com/500blogs/2010/01/startup-metrics-...). Check out slides 26 and 27 - the One Page Business Plan.