AllBusiness. comTraditionally, 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?Developing an engaging “pitch deck” to present your company to prospective investors instead of a business plan is the new norm. Continue reading “Don’t Waste Time On A Startup Business Plan—Do These 5 Things Instead”
Don’t Waste Time On A Startup Business Plan—Do These 5 Things Instead
AllBusiness. comTraditionally, 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?Developing an engaging “pitch deck” to present your company to prospective investors instead of a business plan is the new norm. The pitch deck typically consists of 15-20 PowerPoint slides and is intended to showcase the company’s products, technology, and team to the investors.