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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.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.
When our company raised its initial $850,000 funding, no investor ever requested a business plan; sophisticated angel investors and VCs understand that in many cases, this document is just a formality and a big waste of time.
Still, a business plan is still a fantastic exercise to: TLDR; don't make one unless someone asks you for it.
Seasoned investors are busy, and typically aren't interested in a long, drawn-out presentation filled with irrelevant information.
In fact, many seasoned venture capitalists and angel investors will give you a specific time limit and a suggested outline for your presentation; if you receive these suggestions, it's a good idea to follow them.
9- Operations Plan The operations plan is mostly a summary of your plans for the company operation: How many offices will it have? One important thing to note here is that is NOT a fundraising document, so avoid adding fundraising or round information.
We hope this article had given you a clear idea of what Business Plan is.Let's revisit the typical structure of a business plan:1- Cover Page and Table of Contents Not a lot to add here.2- Executive Summary The Executive Summary is usually a one-page summary of the contents of the business plan; as I mentioned above, some business plans only consist of this section.3- Mission and Vision Statement A mission statement summarizes a company's purpose in one or two paragraphs: why it exists.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.I have written a couple in my lifetime, for companies that I have started.It's usually made up of a general description of the organization, its function, and its objectives.The vision, on the other hand, talks about what the company aspires to be in the future.The presentation template above is a business plan template in the form of a slide deck.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. 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.8- Marketing Plan or Go-To-Market Plan Defining a marketing strategy early on is very hard, but it's important to note the first and second plans the company intends to experiment with.Summarize two or three core customer acquisition and growth strategies and a basic overview of how you plan to implement them. 10- Financial Plan The financial plan should be a detailed 12 month projection of the business cash flow, and a simpler 4-5 year projection.