Writing Business Plans

Writing Business Plans-26
Things have changed., a business plan is still a must for some scenarios and some reasons.Yet, some may also think that pitch decks and clever presentations may he displaced them.

Things have changed., a business plan is still a must for some scenarios and some reasons.Yet, some may also think that pitch decks and clever presentations may he displaced them.

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Just because it is the status quo should never be a line in the vocabulary of a startup founder today.

Traditional business plans can be big beasts of a project that suck time, money and mojo at a vital moment.

Entrepreneurs often have to pivot their business once it becomes clear that their original customer is not the right customer, or when it turns out that their product or service fits better in an alternate market.

Because of these realities, business plans written at the start end up nothing more than a fable.” Fortunately, crafting a business plan has become much simpler today.

Yet, the point is that most aspiring business owners aren’t even trying to match up their goals with what they think they are supposed to be doing.

You should have a plan in order to get yourself organized, to ensure you have some type of viable commercial potential, you have focus and hopefully aren’t going to run out of money or starve before you get going.

This is a brief 1-3 page document that sums up your business and plan, and gives viewers enough info to decide whether they want to see any more data or not.

Like a pitch deck, it it’s good enough it can be sufficient to get lenders and investors to choose to work with you, and work through the details in the process.

There are plenty of data sources to back up assumptions and to complete research.

There are plenty of great freelancers available online who can help handle time intensive parts of the process like research and formatting, and interactive pro-formas.

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