3. Why Make a Business Plan then?
•
It is an excellent window into the thought process of
an entrepreneur
•
One understands their approach to problem solving
and how aggressive or conservative they are
•
It is also an excellent personal exercise to
understand your own business
4. “A printed and bound business plan is a useless
document. Your business plan will constantly
evolve. The business plan you prepare lets you
and other know, how clear you are about your
business”
–Prajakt Raut
Angel Investor, VP IAN
speaking at Startups Club Demo Day 2013
5. Purpose
•
The contents of your business plan would vary
depending on who you are going to be presenting
the business plan to
•
Co-Founder
•
Investor
•
Advisor for the business
•
Business Partners
6. What should a Business Plan have?
•
There are certain things that are
mandatory in a business plan
•
What is the problem and who
faces it?
•
The team
•
Business Model
•
Revenue Model (?)
•
Current Situation of your startup
•
Industry vis-a-vis you
10. Operations of the Business
Again provides insight into your
understanding of the business
11. What else?
•
In certain cases, it is helpful to use statistics
pertaining to the industry
•
Financial/Revenue Growth projections depending on
the state of the business
•
Any strategic steps or associations that have
already been formed which have a considerable
impact on the business