Harvard Business Review (HBR) says “the real key to succeeding in business is being flexible and responsive to opportunities.Entrepreneurs often have to pivot their business once it becomes clear that their original customer is not the right customer, or when it turns out that their product or service fits better in an alternate market.
This is especially true for those considering funding that involves commercial real estate or a SBA loan.
This is a brief 1-3 page document that sums up your business and plan, and gives viewers enough info to decide whether they want to see any more data or not.
There are plenty of great freelancers available online who can help handle time intensive parts of the process like research and formatting, and interactive pro-formas.
There are even templates you can plug in and print so you don’t waste time figuring out what to include.
It is much more important to get started, test, and secure funding first.
Samples Of A Business Plan
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.
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.
Getting lost in rehashing and dragging out a business plan for a year or more can cost your startup the optimal moment to get to market and the best funding opportunities.
Too many founders have also tried to cram the equivalent of a business plan into a pitch deck, only to find it is a hindrance to getting the results they want.