Developing a Business Plan

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One of the most fundamental activities for a startup is deciding how to compete and developing a business plan. From determining critical decisions with your firm, to gaining the support of important stakeholders, a business plan is an important stage in launching a business. This collection of articles covers some of the most important parts of creating your strategy and documenting your approach.

Writing your business plan

Before diving into writing your business plan it is useful to consider it’s role in your firm. The articles below explore the importance of writing your business plan internally – illustrating the benefits of thinking through your business approach beyond just getting financial resources. 

The importance of a business plan: Why all startups should develop one

It is easy to discount the importance of a business plan. As a startup founder, you likely have lots of pressing activities, and since there are likely many uncertainties about your business, it is possible to fall into the trap of continually delaying documenting your firm and its approach.

The importance of a business plan: Why all startups should develop one

It is easy to discount the importance of a business plan. As a startup founder, you likely have lots of pressing activities, and since there are likely many uncertainties about your business, it is possible to fall into the trap of continually delaying documenting your firm and its approach.

Components of a business plan

Applying SWOT analysis to your startup

SWOT analysis is possibly one of the most well-known strategic analysis – allowing you to systematically consider the strengths, weaknesses, opportunities and threats likely to impact your organization.

Applying SWOT analysis to your startup

SWOT analysis is possibly one of the most well-known strategic analysis – allowing you to systematically consider the strengths, weaknesses, opportunities and threats likely to impact your organization.

Communicating your business plan

As well as developing your business plant, it is also important to be prepared to communicate your strategy with potentially investors and other stakeholders.

The importance of an elevator pitch

The elevator pitch – a description of the essence of your business’s strategy that you are able to share within about 60 seconds, or the time to go up an elevator – is critical for startups to develop. This article explains the benefits of having an elevator pitch strategy, beyond securing financing.

The importance of an elevator pitch

The elevator pitch – a description of the essence of your business’s strategy that you are able to share within about 60 seconds, or the time to go up an elevator – is critical for startups to develop. This article explains the benefits of having an elevator pitch strategy, beyond securing financing.