08.02.2010 Public by Grok

What you need to create a business plan

A business plan is more than a tool for getting funding. and investors the next time you need to raise money. So viewing your plan as a fund-raising tool is just the beginning of the story.

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The Business Model Canvas - 9 Steps to Creating a Successful Business Model - Startup Tips
What you need to create a business plan, review Rating: 90 of 100 based on 138 votes.

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    Comments:

    16:29 Mojin:
    Less detail is fine if you aren't raising money or taking on much risk.

    20:23 Kazrami:
    To avoid big mistakes: Use a presentation format like PowerPoint or Keynote to save time, and make it easier to share your plan. You can create a plan in under a month, working part time.

    18:33 Kajisar:
    That means you have to set priorities, establish goals, and measure performance.

    14:01 Kigajind:
    The last thing you want to do is work on your start-up for a year, only to realize you were doomed to fail from the start. You also need to identify the key questions to answer, like "What features do customers really want? To learn more about business planning, take UpStart's on-demand course.

    12:44 Fezil:
    But either way, you need a plan, and here's why: Not all founders or start-ups are the same, of course. Developing and sharing a business plan can help ensure that you're sprinting down the right path.