A DEEP DIVE INTO
How To Build A Company
A go-to guide, for entrepreneurs for building a company from the ground up.
115 key ideas from
2 books
5 articles
It takes just
15 mins to read
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Skills
Overview
Key Ideas
FAQ
What you'll learn
How to prioritize tasks effectively
How to manage your time efficiently
How to reduce stress and anxiety
How to set and achieve goals
Ideas from books, podcasts, videos & articles
Harvard Business Review Entrepreneur's Handbook
The Startup Owner's Manual
Influential people you will learn from
Harvard Business Review
Steve Blank
Bob Dorf
3 Top Key Ideas (115 total)
Why write a business plan?
- Without a business plan as a baseline, it will be far more difficult to track your progress, make adjustments, and have historical information readily available to reference when making difficult decisions.
- Investors and loan providers need to know that you have a solid understanding of the trajectory of your business. You need to prove that there is an attainable and sustainable need for your solution, that you have a strong business strategy, and that your business can be financially stable.
- By having a written business plan that you’re regularly reviewing, you can make confident decisions.
5 tips to write a great business plan quickly and easily
- Keep it short. Business plans should be short and concise. You want your business plan to be read.
- Accommodate your investors, and keep explanations of your product simple and direct.
- Test your business idea. Working through your business plan, and starting with a one-page pitch, can help you test the viability of your business idea long before launching.
- Establish goals and objectives. You should know what you want to get out of your business upfront.
- Don’t be intimidated. Did you know that the vast majority of business owners and entrepreneurs aren’t business experts?
Key components of a business plan
- Executive summary: An overview of your business and your plans.
- Opportunity: What are you actually selling and how are you solving a problem (or “need”) for your market?
- Execution: How are you going to take your opportunity and turn it into a business?
- Company and management summary: Investors look for great teams in addition to great ideas.
- Financial plan: Your business plan isn’t complete without a financial forecast.
- Appendix: If you need more space for product images or additional information, use the appendix for those details.
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