Traditionally, startup businesses draft a business plan for three specific reasons: to articulate their vision for the business, to document how they plan to solve key challenges, and to pitch their business idea to potential investors.
But what if I told you that business plans for startup companies are usually not worth the effort?
So understand these reasons and make sure they don’t apply to you: For more details, see 10 Reasons Why Your Startup Idea Sucks and Won’t Get Funded.
Remember, you don’t need a long business plan for your startup.
Raising capital from investors is difficult and time consuming.
Therefore, it’s crucial that a startup seeking funding absolutely nails its investor pitch deck and articulates a compelling and interesting story in the short time it has during the presentation. Having a prototype of your product makes it easier to sell your vision to investors.
There are more important things you can do to build a successful business.
For additional advice, and a sample pitch deck, see How to Create a Great Investor Pitch Deck for Startups Seeking Financing and Want to Raise Financing for Your Mobile App Startup? It also gives you some momentum and traction and helps you recruit partners and employees.
This business plan app is a step-by-step guide that takes the mystery and confusion out of starting a business.
The app helps you by covering the 9 main issues you must overcome to run a successful business.