Throw out everything you know about a business plan. These are the questions you need to ask to sell your idea to investors.


Written by HeatherStone
779 days ago

Hi Arlene,

I think the business plan must be first and foremost useful in guiding your startup. It must be in a format banks or VCs will approve of only if you plan to show it to banks and VCs. If you're bootstrapping, you still need a plan, but this one is a road map to help you figure out which way you're going. Will you occasionally deviate from the plan? You bet! You'll have to when the reality of the market sets in. But having a plan is still always better as a starting point. Thanks to Sylvia of Business Plan Mentor for sharing all this with the BizSugar community.

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