“Experienced entrepreneurs understand that the business model always precedes the business plan. In fact, a convincing business model is often all that is needed by a savvy entrepreneur to make the commitment to pursue a fast moving opportunity. Conversely, a business plan takes several months to put down on paper during which the window of opportunity may shut. For this reason, entrepreneurs who need to be agile and fast moving place more importance on formulating the business model than on writing a business plan.”
– Sometimes entrepreneus fall into their business models. It becomes more an issue of trial and error rather then actual planning and in this way resembles gambling. It is better to plan ahead and think out as many options as possible in your business model. You can still be suprised at the model that actually works best but you will have the added value of knowing how to best take advantage of the model that does work. -ed.