We look for functional prototypes and customer development and most importantly, scalability.
Can you scale customer acquisition cheaply and measurably?
”An executive summary is a different document again.
It is a smart tool and essential one to have as a cover for your business plan.
It is much more important to get started, test, and secure funding first.
When it comes to business plan creation there are now more templates and streamlined formats that are being adjusted to meet today’s needs to accommodate faster moving, leaner startups.This is especially true for those considering funding that involves commercial real estate or a SBA loan.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.Getting lost in rehashing and dragging out a business plan for a year or more can cost your startup the optimal moment to get to market and the best funding opportunities.Too many founders have also tried to cram the equivalent of a business plan into a pitch deck, only to find it is a hindrance to getting the results they want.Before deciding exactly what that looks like and how to create it, there are some critical questions to answer and factors to understand.Just because it is the status quo should never be a line in the vocabulary of a startup founder today.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.There are even templates you can plug in and print so you don’t waste time figuring out what to include.Even your friends and family, or the most aggressive angel investors.Things have changed., a business plan is still a must for some scenarios and some reasons.