Startup business Plan
There’s a very good reason to invest all your energies when creating your business plan – it’s
going to be of more use than you think.
Of course business plans are created to attract venture
funding and get a business off the ground,...
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Startup business Plan
There’s a very good reason to invest all your energies when creating your business plan – it’s
going to be of more use than you think.
Of course business plans are created to attract venture
funding and get a business off the ground, but in the modern scenario the business plan has
long outlived its historic purpose.
Here are some of the important uses of a business plan:
1.
Win funding contests: A currently popular method of attracting funding is by presenting
your idea at a VC meet event hosted exclusively for startups.
You get to take the stage
and present your business; if you do it well enough, you’ll be the lucky one to get
funding and get the balls rolling.
But to do that you’ll need a killer business plan, which
brings us back to the point made at the start.
2.
Fundraising: Corporations can use the business plans for fundraising exercises for
different purposes.
Of course this refers to the fund raised after the business has been
running for some t
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