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It fits the business need We simply can’t look at business plans as generic. Those are specialty uses, that apply to some business situations, while almost all businesses ought to develop management-oriented business plans that exist to help run the company, not to be presented to outsiders. The business plan used internally to manage the company doesn’t have to polish and present the company to outsiders, so it probably lives on a network, not on paper.You have to start with whether or not the plan achieved its business purpose. But the plan as part of high-end startup looking for VC or angel investment does in fact have to present the business to outsiders. Some of them have sales objectives, selling an idea, and a team, and a market, to investors.If you want a more in-depth introduction to Lean Planning, check out my article Noah is currently the COO at Palo Alto Software, makers of Outpost and the online business plan app Live Plan, and content curator and creator of the Emergent Newsletter.
A Lean Plan will serve you and your business better than anything else.
After all, it’s all about your success in business and using the right tool that will get you there.
However, there may be a time when you need to expand your Lean Plan and create a more detailed business plan.
Lenders and investors often want to see a complete business plan, if only to prove that you’ve taken time to think through all the details of getting your business up and running.
A plan that might be great at selling the company might be bad at supporting a loan application, or for managing a company.
So point one, what makes a good business plan, is that it fits the business need. At this point it’s hard to avoid going into branches.
Yesterday I got an email from an MBA student asking me four questions. I balked at first, because I think I’ve answered these questions before, on this blog, or on my other blogs, or at or
Then I realized that answering these questions is blogworthy.
The ultimate key to a successful business plan is to remember to go back and revise your plan as things change.
Your sales goals might need to be adjusted or you might need to adjust your expense budget.