Regardless of whether or not you use a formal plan, exploring the size/scope your target market, loosely defining your product's parameters, and predicting some form of financial return is always a good exercise. You don't need to present it as a formal business plan, but doing those standard, boring, HN-hated activities will at least help you properly explain yourself.
I agree. It's definitely hard to pry yourself away from actual development, but some time spent analyzing any sort of plan will be rewarded. And you're going to be asked for it anyway, so might as well have something ready, right?
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Regardless of whether or not you use a formal plan, exploring the size/scope your target market, loosely defining your product's parameters, and predicting some form of financial return is always a good exercise. You don't need to present it as a formal business plan, but doing those standard, boring, HN-hated activities will at least help you properly explain yourself.
I agree. It's definitely hard to pry yourself away from actual development, but some time spent analyzing any sort of plan will be rewarded. And you're going to be asked for it anyway, so might as well have something ready, right?