This meant we spent 100 or so hours putting together a document that was destined to be obsolete. In both cases, the reality of the business, the user base, and the market have made the plan irrelevant in a matter of months, if not weeks. I have written a couple in my lifetime, for companies that I have started. Now, Eric Ries' Lean Startup movement revolves around skipping the step of developing a business plan and jumping directly into experimentation, and I absolutely agree with this. If you are a startup, especially a tech startup, then you might find some similarities between this concept and that of a ' pitch deck template.' The pitch deck, in the end, is the modern, simpler version of the traditional business plan. Again, the most common concept is this 20 or 30 page-long document that you prepare to demonstrate that the founding team has the right mindset to venture into a new opportunity. ![]() Typical elements are an executive summary, business description, SWOT analysis, competitor analysis, market analysis and go-to-market strategy and finally a financial summary.īased on that structure, a business plan may be as short as a one-page executive summary, or as long as a 50 to 100-page document outlying the specifics of the business. The traditional one you'll come across on the web is a text document, probably 20 to 40 pages long. There are several formats in which this document may be prepared. There is consensus over the concept of Business Plan representing a formal, written statement of the goals of a new venture, and an overview of the original strategy that will be followed to achieve them. Worry not, you've come to the right place. ![]() If you got here, it is likely that you are looking to start your own business and one of your investors, or bank, or accelerator program requested a business plan for your company. There is some disambiguation about what a business plan is, when is it needed and how long should it be, but we'll try to clarify some of these questions in this article. ![]() The presentation template above is a business plan template in the form of a slide deck.
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