The first step to any project is understanding the problem, and then finding a solution. This process can be difficult without a clear idea of what you want to do, but it’s important because it will help you figure out how much time and money you need to devote to your project.
The one page business plan sample pdf is a document that can be used to create a one-page pitch. It includes 7 reasons why you should create a one-page pitch before you plan.
A business presentation, often known as an elevator pitch, is not only an important tool for attracting funding, but it’s also one of the greatest ways to flesh out your business idea, test various variants, and discover a business model that works and will develop into a successful firm.
But, before you create a pitch, shouldn’t you have a strong business strategy in place? No, I don’t believe so. If you consider your presentation to be a tool for developing strategy rather than a vehicle for selling ideas to investors, you’ll see that there are many reasons why you should begin with your pitch and create a formal business plan (if one is required) afterwards.
This isn’t to suggest you shouldn’t have a strategy in place. It’d be like embarking on a journey without a map.
To flesh out your original company concept, a conventional business plan isn’t the best structure. The issue with business plans is the output format, not the planning process. I recommend starting with a 1-page Lean Strategy, which is a business plan in the form of an elevator pitch.
Before you begin planning, here are seven reasons why you should create a one-page Lean Plan:
1. Creating a Lean Plan takes a fraction of the time it takes to write a business plan.
Rather of slaving away for hours or even days on a traditional business plan document, a Lean Plan allows you to rapidly condense your thoughts into a one-page structure. Consider it a step higher from the traditional scribble on a napkin of your company concept.
2. It’s simpler to obtain input on a lean business plan.
A Lean Plan is the fastest method to communicate your company idea with business partners, coworkers, prospective clients, even your spouse in order to obtain feedback. If you don’t like the concept of a written paper, an elevator pitch presentation may achieve the same objectives. In any case, you want something brief and clear that conveys your thoughts fast when you’re looking for comments.
A brief Lean Plan is more likely to be read and evaluated, and you’ll receive more input as a result of this approach than if you dropped off an in-depth thesis of a business plan that would take a long time to read and digest.
3. Lean Plans are simple to change.
You’ll need to iterate and modify your company idea as you get feedback. Entrepreneurs seldom get things right the first time, and as you speak with prospective consumers and business partners, you’ll be continuously learning. Rather than having to update a huge document every time you learn something new, creating a Lean Plan takes just a few minutes.
4. Lean plans are concise and clear.
A excellent Lean Plan pushes you to be concise by allowing you to present your whole company idea on a single page. It’s important to learn to express your ideas simply and directly so that you and others can grasp the core of your company.
5. A Lean Plan is a collection of assumptions that must be verified.
Your company idea is essentially simply a collection of assumptions that you need to verify when you first start. Do your prospective consumers have the issue you believe they do? Is your answer appealing to them, and are they prepared to pay for it? What marketing and sales strategies will be effective?
You keep these assumptions in your Lean Plan as you verify them. Other assumptions that turn out to be incorrect will soon slip off the page.
6. The framework or backbone of your comprehensive strategy will be your Lean Plan.
I don’t mean “lengthy” when I say “detailed.” You may use your one-page Lean Plan as a basic framework if you need to construct a comprehensive business plan document for investors or business partners. The plan document will simply grow and offer additional information on each section—material that you won’t be able to put on a single page but should share with readers.
7. Long business proposals aren’t reviewed by anybody.
One of the most frequent issues with business plan papers is that they are too lengthy and comprehensive. Even if investors want a comprehensive strategy paper, there’s a good possibility they won’t read it all. They may skim over certain parts, but more than likely, they’re looking to see whether you’ve considered the specifics of your company, how it will function, and how it will develop.
Here’s an example of a one-page Lean Plan:
Although the picture above is from LivePlan, you could definitely create something similar on your own. We offer a free Lean Plan template that you can download and start using right now.
Of course, you may require a formal business plan paper at some point. One may be requested by lenders and investors. A more comprehensive plan may also be used to flesh out additional elements of your company model, go-to-market strategy, marketing and sales strategies, and product specifications to keep your team on the same page. Check out our article on how to write a business plan for more information.
However, you may save a lot of time and work by starting with your Lean Plan first. When you need to develop a more detailed business plan, you may use it as a starting point.
If you’re not sure what to include in your pitch—or the presentation version of your Lean Plan—read my article on how to make the ideal elevator pitch or go through our full elevator pitch guide for a list of pitching tools.
If you’d want professional assistance with your business plan, LivePlan’s business plan consulting service will provide you with an MBA-written business plan in as little as five business days.
The how to write a business plan pdf is a 7-step process that will help you create a one-page pitch before you start planning your new business.
Frequently Asked Questions
What does one page pitch mean?
One page pitch is a term used in the business world to describe how much money one company has raised for its stock. It refers to how many shares of stock are available on the market.
What makes a great startup pitch?
A great startup pitch is one that captures the attention of the audience and gets them excited about what you have to offer. It should be concise, clear, and easy to understand.
How do you pitch a one page business?
I am a question answering bot. If you ask me a question, I will give you an answer.
Related Tags
- how does one create a business plan
- how to write a one-page business plan
- business pitch guide
- how to write a 1 year business plan
- how to present a business plan
