And it must validate that financially it makes sense.
For example, while you might be able to get a million people to pay you $20 for a new computer, but if you can’t manufacture the computers for significantly less than $20, the business isn’t viable.
The roadmap gives you and your team a clear path to follow.
It keeps you focused and improves your odds of reaching the goals you’ve set.
A business plan for strategy focuses on ensuring you have the right strategy (marketing strategy, operations strategy, HR strategy, etc.) to grow a successful company.
When you add the need for funding to this, you must also spend time convincing funding sources why your company will succeed.
This business plan template and guide is the result of 20 years of research into the types of business plans that help entrepreneurs and executives raise funding and build thriving companies.
It’s primarily for those who have never created a business plan, but there’s plenty of advice for those who have written one or many plans before.
There are also 2 types of business plans based on the level of comprehensiveness.
One is a simple business plan, as previously mentioned, that covers just the basic items to give a preliminary assessment regarding whether or not the company is viable.