I was looking through some posts today about Startups and business Plans and i came across this:
"1. Even VCs don't require a full business plan on your initial meeting. And a business plan for VCs is very different than one you write for yourself. So what are you trying to accomplish? – Dror Oct 25 at 5:30"If we could distill a business plan down to its simplest form what 5 elements would be the most crucial that you would include in a plan that you would present to a VC?
And, as mentioned in the quote above, a business plan you write for yourself is vastly different. In your experiences, what 5 elements are the most crucial in a business plan you write for yourself? How are our goals different between the two?
The five elements that should be in every business plan:
I disagree that the business plan you write for yourself is different that the VC plan. Any business plan I do, I would have these 5 elements. My take is that you need to think like an investor in order to ensure that your idea has merit.
For yourself, there's really only one key thing you must have in your business plan: it must tell you what to do next. The difference between your goal there and your goal for a business plan for a VC is that for the latter your goal is to prove to the VC that you know what to do next. That said, here's my 5:
Thanks for the tips. So in a presentation slide , the sequence of slides would be something
Introduction - 2 lines about company
What problem does it solve
How does it solve the problem
How will the revenues be generated
I have been looking for a good example of a business plan and not sure what exactly should be the format.
As you might have guessed, objective is to raise money
Everything else is fluff.
You should cover