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Should You Create Your Business Plan on Pinterest? The social sharing pinboard isn't just for recipes and animal photos, it can help you build a vision for your business.

By Tim Berry Edited by Dan Bova

Opinions expressed by Entrepreneur contributors are their own.

Should You Create Your Business Plan on Pinterest Lots of people are loving Pinterest, the fabulously successful new social platform for sharing pictures. People are posting not only personal pictures, but increasingly business pictures, as well. And Pinterest business-success stories are popping up everywhere on the Web.

But can you do a business plan with Pinterest? My answer starts with the question: Why not? And it continues with a picture: My Pinterest sample business-plan board shown here.The original is available on Pinterest, click here to see it on the site.

The Pinterest business plan shown here is based on a sample bicycle-shop business plan developed with the online Web application at www.liveplan.com, which is the source of the business charts. I added random public domain images, some of them from another of my boards on Pinterest, to illustrate hypothetical strategy, target market, ownership and so forth. The images don't really tie together, but if this were an actual business plan, they would.

Related: The 10 Commandments of Using Pinterest for Business (Infographic)

It's perfectly compatible with my long-term take on business plans, emphasizing their use in planning, managing and steering a business, rather than merely as formal documents describing a business. The Pinterest plan, like the slide deck, elevator speech or summary memo, is not the plan itself but the output of the plan. It's a summary and reminder of what's important, and it's meant to be reviewed and revised often.

Should You Create Your Business Plan on Pinterest

Related: Five Steps for Using Pinterest for Business

The complete plan should be a collection of interrelated modules that lay out the goals of the business, the steps to achieve those goals, specific tasks and responsibilities, important milestones and dates, and basic metrics, including projected sales, costs, expenses, profits and cash flow. The business plan's function is to help entrepreneurs manage better, optimize resources and steer the business into the future. Its form is supposed to follow function, so if you're looking for a collection of visual images that summarize the plan, Pinterest is a perfectly reasonable platform to use.

This kind of plan looks and feels a lot like a slide deck. Its main advantage, compared to a slide deck, is ease of access. Its main disadvantage, compared to a slide deck, is the lack of a structure to organize the images into headings or categories.

Related:How to Create a Vision Board for Business Ideas on Pinterest

Remember in all cases that the business plan isn't about the document or the deck or the pictures. Instead, a business plan is worthwhile because of the decisions that result from it. If the Pinterest plan helps you organize a team and set the main points so you can move forward logically, why not?

Tim Berry

Entrepreneur, Business Planner and Angel Investor

Tim Berry is the chairman of Eugene, Ore.-Palo Alto Software, which produces business-planning software. He founded Bplans.com and wrote The Plan-As-You-Go Business Plan, published by Entrepreneur Press. Berry is also a co-founder of HavePresence.com, a leader in a local angel-investment group and a judge of international business-plan competitions.

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