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What do you expect to gain from a business plan? Keep working on your product, get a user base, and worry later about verbalizing the specifics of your project
by kyro 18y ago
What do you expect to gain from a business plan?
Keep working on your product, get a user base, and worry later about verbalizing the specifics of your projected market share and what day exactly you plan to go cash flow positive.
Sure, a business plan will force you to really question what your value proposition is, and how you plan to differentiate your product, but that can all be done by creating a brief outline.
But if you must: http://www.microsoft.com/smallbusiness/resources/startups/business-plans-entities/how-to-write-a-business-plan.aspx http://www.microsoft.com/smallbusiness/resources/startups/bu...
- xenoterracide 18y agowe want something to show potential investors.
- spencerfry 18y agoInvestors don't typically look at business plans. They look at your elevator pitch and about a 10 page PPT slide highlighting your main points: your technology, your team, and the market.
- xenoterracide 18y agoDefinitely need to work on the elevator pitch.
- Alex3917 18y ago"Investors don't typically look at business plans." That's only going to be true if you're making something like a website where the market and the monetization strategy are limited to a few well-understood choices. If your business is something like, for example, selling handicapped-accessible home swimming pools to parents of children with disabilities then a business plan is key.
- spencerfry 18y agoYes, but the focus of YCN are Internet businesses for the most part.
- bluelu 18y agoYou also get no loan from a bank or (free) state financing without a business plan. They don't invest their money in hot air :-).
- skmurphy 18y agoCustomer testimonials and a business model.