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hey everybody i have read tons of business plans by startups and i can tell you that over 99 of them have all been useless people talking about things they have no way of knowing looking at industries from the outside in instead of being on the inside and just a waste of time and for entrepreneurs that are doing this and putting a lot of effort into it youre not fooling anyone welcome to startup concepts my name is bill the companies expert and in this show i give you tips for how to succeed as an entrepreneur how to start business talking about general business tips and sharing some of my knowledge being a mentor and a previous entrepreneur and the former ceo in what works and what doesnt and in this video im going to give you five reasons why spending time on a business plan if youre doing a startup or doing a small business is essentially a waste of time okay lets dive in now everything im about to say in this video applies to traditional business plans which hopefully you kn