Did you search one minute business plan? If you're looking to get your plan put together in that time, you're probably out of luck -- but if you're wondering what should go into a business plan that can be reviewed and digested in one minute, well now there's a valid question. The famous term elevator pitch, referring to the business presentation you give entirely in the course of an elevator ride, is essentially a “one minute business plan.†If that's what you're wondering about, the core question is, what do you focus on? How can you condense everything that matters into such a short document? Start by focusing on what matters most:
• What is unique about your business idea?
• How does it capture market share?
• How much money do you need?
• How much money can you make?
• Who runs your team?
• What's an investor's stake in all this?
That's really the long and the short of it. A full business plan, of course, needs a pro forma financial model, a complete market analysis that includes the industry assessment and a competitive overview, and a marketing plan detailing the advertising channels that will help gain customers. And there are important details to be sure, but if you need to drill down to a one-minute presentation, hit the nitty-gritty right away. What, how much, and who – these are the central prompts. Want help making your draft more concise? Need a full business plan developed as your starting point? Call MasterPlans today to learn about how we can help you. (877) 453-2011
