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It's definitely not the most exciting part of starting a business. In fact, if you're like a lot of entrepreneurs, you're probably going to find yourself pulling a few all-nighters to get one done before heading into your first pitch for funding.
Because that's the thing--your business plan is a pretty important. Any funder worth his or her salt wants to see it right off the bat. Moreover though, a solid business plan is a living document that will continue to guide your efforts as your business grows.
A lot of those mistakes most of them, in fact are the result of poor planning. Bad location, a marginal niche, having no specific user in mind, raising too much or too little money--all of these issues can be prevented or at least mitigated with good planning.
Creating your business plan is more than just getting your ideas down on paper for potential funders to see.
It's an exploratory process in which you can evaluate your options, test your assumptions about your idea, and even discover new opportunities.
It might even lead you to kill off aspects of your business before investing too much time or money in them. That doesn't mean you have to bust out Word and start the plan from scratch. A template is great--you probably aren't doing anything that hasn't been done before, so it provides a proven structure for your plan.
Pretty much everything on it can be customized. Check out these comprehensive business plan templates you can download for free to get you started: Score's Business Plan Template for Startups Score is an American nonprofit dedicated to helping entrepreneurs get their companies off the ground.
Its template, available as a PDF or Word download, asks a whopping questions and is generic enough to customize for most types of businesses. The Refining the Plan resource that comes with it is helpful, especially if this is your first crack at writing a business plan.
You can go back in and edit it as needed, so don't worry about having everything ready the first time you sit down to tackle it. Even broken into sections, it's a long document and a bit of a slog to get through, but it produces a professional-looking and useful business plan.
This is particularly helpful if your idea isn't fully fleshed out and you know you have homework to do--it prompts you for information. Some funders are going to want to see a lot of detail, but you can provide that in appendices.
A business plan should take time and a lot of homework, but if you've already done that, LawDepot's template is a decent choice. It walks you through getting started, marketing, product, competitive analysis, SWOT, and more, with a window below the input fields to show you the plan as you work away at it.
You can download it free with a trial subscription, but you'll have to remember to cancel it within the week if you don't plan to continue using it. It contains 10 broad sections, including market analysis, management and organization, etc.Powtoon for Business: From just an Whiteboard Animated Software, powtoon has come a long way to be used as a marketing tool.
For promotion, advertising, sales and in any business situation, Powtoon has helped professionals to develop top-notch video presentations, explainer videos and more. Nov 08, · Powtoon is a great tool - but it doesn't live up to its price. Powtoon has an impressive array of features that enable you to create anything from a formal business pitch to a humorous product ad.
The thing that sets it apart from your standard Powerpoint presentation is the graphics.
Powtoon has a massive. To spice up your investor pitch, present your business with a smart and simple video. Product Videos.
Explain your product or service with an easy to understand explainer video. Video Presentations. Insert an animated video into your presentation and keep up your audience's attention. PowToon is designed to create animated presentations and videos. It’s more focussed on what the company calls an ‘explainer’ style of presentation, offering a fundamentally different attitude from most other presentation applications, which is why it made the list.
Day Senior Account Executive Business Plan Plan Details (cont.) Objectives Identify business objectives, core competencies, processes and procedures. The presentation template above is a business plan template in the form of a slide deck.
There is some disambiguation about what a business plan is, when is it needed and how long should it be, but we'll try to clarify some of these questions in this article.