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Founder's Journal

Why Startups Are Allergic To Planning

Founder's Journal

Morning Brew

Entrepreneurship, Careers, Business

4.81.1K Ratings

🗓️ 12 September 2020

⏱️ 8 minutes

🧾️ Download transcript

Summary

09/12 The Founder's Journal with Alex Lieberman Today I discuss why most startups fail to plan, and as the saying goes "If you fail to plan, you can plan to fail." Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

What is up everyone? This is Alex Lieberman, co-founder and CEO of Morning Brew coming to you with the last founders journal of the week.

0:08.0

This is our first time ever doing a recording on a Friday and we are going to do that going forward because I want to make sure

0:15.3

people have Founders Journal content that they can consume every single day of the week. Previously it was four days a week we

0:24.0

want it to be five. For those of you that are joining for the first time,

0:27.3

Founders Journal is my daily audio diary where I talk about the most impactful

0:32.3

things, moments, wins, losses in my day behind the scenes at Morning Brew.

0:38.0

Always joined by the Distinguished Sir Joshua Kaplan, Josh ask smart questions and pushes the conversation further.

0:48.0

He even helped us decide what the topic was going to be for today.

0:52.0

And today we are talking about planning and the importance of

0:56.0

planning and why startups are generally allergic to planning. Let's hop into it.

1:01.3

Planning.

1:02.3

All right. There's a big meeting. Planning, all right.

1:03.0

There's a big meeting today about the content roadmap,

1:05.0

I can tell there was a lot that was put into getting to this stage.

1:09.0

Yeah, planning is obviously a hop on an issue for startups,

1:13.0

open the floodgates, give it to us.

1:14.6

I mean, so like there's the classic line of if you fail to plan,

1:18.8

you can plan to fail.

1:20.4

And I feel like everyone conceptually knows this line, but then when you actually try to plan at certain points in a business's life cycle, you realize that it's really hard and sometimes like it's actually not doable with the resources you have.

1:33.4

And so I think I'm really proud to say

1:35.8

we are starting to be a forward looking business.

1:39.1

We're starting to be a business that plans not just

...

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