{"id":10042,"date":"2021-02-14T12:51:54","date_gmt":"2021-02-14T10:51:54","guid":{"rendered":"https:\/\/www.dazzlepop.net\/site\/?p=10042"},"modified":"2021-02-14T12:52:03","modified_gmt":"2021-02-14T10:52:03","slug":"way-to-prepare-a-business-plan-and-make-it-useful","status":"publish","type":"post","link":"https:\/\/www.dazzlepop.net\/site\/way-to-prepare-a-business-plan-and-make-it-useful\/","title":{"rendered":"Way To Prepare A Business Plan and make it Useful"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"200\" src=\"https:\/\/specials-images.forbesimg.com\/imageserve\/602846c3654051cd07ede18d\/960x0.jpg?fit=scale\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Way To Prepare A Business Plan and make it Useful\" title=\"Way To Prepare A Business Plan and make it Useful\" \/><\/div>\n<h3 class=\"wp-block-heading\">How To Prepare A Business Plan That Is Useful In Practice<\/h3>\n\n\n\n<p>If you have an innovative app idea, you should write a concise, high-level go to market plan. Here\u2019s\u00a0how to prepare a <a href=\"https:\/\/www.bplans.com\/sample-business-plans\/\">business plan<\/a> that actually helps you in practice.<small>GETTY<\/small><\/p>\n\n\n\n<p>Have you ever seen one of those 50-page business plans that go into detail about every conceivable aspect of a still purely theoretical business? You probably have, since those business plans have been the industry standard for decades.<\/p>\n\n\n\n<p>Yet, in a world where words like&nbsp;<em>lean<\/em>&nbsp;and&nbsp;<em>agile<\/em>&nbsp;are becoming the new norm for startups, 50-page business plans look a bit out of place, and with a good reason.<\/p>\n\n\n\n<p>It\u2019s a fact that creating a plan is very helpful for a new business. A study of more than 10 thousand businesses shows that ventures grow\u00a030% faster\u00a0on average if they create business plans.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.incimages.com\/uploaded_files\/image\/1920x1080\/shutterstock_1023246931_364607.jpg\" alt=\"Way To Prepare A Business Plan and make it Useful\" \/><\/figure>\n\n\n\n<p>However,\u00a0another study\u00a0indicates that innovative startups in more dynamic environments benefit from shorter <a href=\"https:\/\/www.sciencedirect.com\/science\/article\/abs\/pii\/S088390260600084X\">planning<\/a>. The reason is simply \u2013 innovative <a href=\"https:\/\/www.dazzlepop.net\/site\/category\/startup\/\">startups<\/a> are less familiar with their business environment and more particularly &#8211; the exact needs of their customers. This means that the plan is likely to change often, and the more detailed the plan, the higher the chance it deviates from reality.<\/p>\n\n\n\n<p>This claim is supported by the fact that&nbsp;<a href=\"https:\/\/www.sciencedirect.com\/science\/article\/abs\/pii\/S0883902608001109\" target=\"_blank\" rel=\"noreferrer noopener\">business plans are more effective for existing companies<\/a>&nbsp;rather than for new startups. A company with at least a few years of history is far more likely to have a deeper understanding of their customers, allowing for more accurate plans firmly based on reality.<\/p>\n\n\n\n<p>So, simply put, if you have an innovative\u00a0app idea, you should write a concise, high-level go to market plan. For the plan to be helpful in practice, it needs to be designed in a way that makes it easy for your\u00a0startup team\u00a0to be on the same page while at the same time being easy to update.<\/p>\n\n\n\n<p>In the startup world, the so-called\u00a0<em><a href=\"https:\/\/www.google.com\/search?sxsrf=ALeKk03fmHpbfS049cgxtVEGCk_ZD5DSLw:1613299840244&amp;source=univ&amp;tbm=isch&amp;q=lean+canvas+example&amp;sa=X&amp;ved=2ahUKEwji45KfmunuAhWS4IUKHWL9BwUQjJkEegQIARAB\" target=\"_blank\" rel=\"noreferrer noopener\">Lean Canvas<\/a><\/em>\u00a0is becoming very popular to satisfy this need. To a degree, it is replacing the traditional business plan. It is designed to fit all the necessary information in a single A4 sheet of paper, which makes it easy to share and update.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Read more: <a href=\"http:\/\/www.forbes.com\">www.forbes.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>How To Prepare A Business Plan That Is Useful In Practice If you have an innovative app idea, you should write a concise, high-level go to market plan. Here\u2019s\u00a0how to prepare a business plan that actually helps you in practice.GETTY Have you ever seen one of those 50-page business plans that go into detail about [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":10044,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_vp_format_video_url":"","_vp_image_focal_point":[],"footnotes":""},"categories":[45],"tags":[31,208,108,237,1048,11],"class_list":["post-10042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business","tag-business-management","tag-business-plan","tag-forbes","tag-lean-canvas","tag-startup"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dazzlepop | Way To Prepare A Business Plan and make it Useful<\/title>\n<meta name=\"description\" content=\"Way To Prepare A Business Plan and make it 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