The big problem with business plans is that entrepreneurs often get bogged down in them.
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.
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.
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.
We have a number of free templates and tools to help you get started.
This section is based on our free business template and guide and steps through the various areas and information you need to include in your business plan.
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.