subject: Is Writing a Business Plan a Waste of Time? [print this page] What I love about a Vision, Strategy, Technique plan is that you can use it, it is quick to create, it is a living document, and it is a step by step plan. Personally, if you have not started to generate substantial revenue from your business this is the type of plan you should work on, because until you are ready for a loan or to attract investors a business plan is just going to suck up your time and money. Writing a business plan is only valuable in certain situations and you need to think critically to determine the value of a business plan for you during this stage of your business.