I suspect you did actually have a business plan, even if it was informal & just in your head. Something like "based on my experience in this line of work, I can charge about $X for Y service, if I get Z sales at that price, it's a viable business, otherwise I'll try to do ABC instead." It's light on details, but that's still a business plan, you had a plan to bring income in. That's fine.
Not having a business plan looks like "we'll release a free thing, have no way to generate income, lose money for a few years, and then beg for a million dollars." That's not a business plan. That's a waste of your time & your users' time.
> have you started a successful business?
Not yet, but I am actually working on it! Having a meeting with a local business tomorrow to discuss potential market pricing options so I have some idea of how much money I can expect to make. Business plan!
Not having a business plan looks like "we'll release a free thing, have no way to generate income, lose money for a few years, and then beg for a million dollars." That's not a business plan. That's a waste of your time & your users' time.
> have you started a successful business?
Not yet, but I am actually working on it! Having a meeting with a local business tomorrow to discuss potential market pricing options so I have some idea of how much money I can expect to make. Business plan!