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Before deciding exactly what that looks like and how to create it, there are some critical questions to answer and factors to understand.Just because it is the status quo should never be a line in the vocabulary of a startup founder today.
Yet, some may also think that pitch decks and clever presentations may he displaced them.
Every entrepreneur and startup company needs a plan.
Traditional business plans can be big beasts of a project that suck time, money and mojo at a vital moment.
Don’t do it unless you know why and what you are trying to achieve with it.
It is much more important to get started, test, and secure funding first.
When it comes to business plan creation there are now more templates and streamlined formats that are being adjusted to meet today’s needs to accommodate faster moving, leaner startups.
Because of these realities, business plans written at the start end up nothing more than a fable.” Fortunately, crafting a business plan has become much simpler today.
There are plenty of data sources to back up assumptions and to complete research.
Like a pitch deck, it it’s good enough it can be sufficient to get lenders and investors to choose to work with you, and work through the details in the process.
The big problem with business plans is that entrepreneurs often get bogged down in them.