No Plan, No Profits?

I just finished reading “10 critical elements to a profitable blog” and realized that I don’t have a plan at all for this blog.  Is that a bad thing?

My idea for starting this blog was to keep track of my progress trying to bootstrap a business together and hopefully pick up some advice on the way.  This does relate to point 8, “Community Involvement”, but not from the stand point of trying to build traffic for income.

So why am I not talking more about my business plan if I am seeking advice?  The best answer I have right now is that I need a bit more time to refine the idea and get a prototype up and running.  My thought is that if I have something concrete, it will be much easier for readers to see what my thoughts are and to provide feedback.

Just need to find a bit more time to dedicate to working on the business plan.