Business Model Plan

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investors), don’t even take the time to read them — opting instead for shorter versions like the 1-page executive summary, 10-page slide deck, or 30-second elevator pitch.

And worst of all, the people who make you write these plans (i.e.

In particular, I want to focus on the critical difference from two perspectives: If you’re looking for a tool which aim is to show how attractive is your business, a business plan is the most suited for that.

Indeed, if you want to attract investors and grow your business via external resources a detailed business plan is the most effective way to allow those investors to understand the several parts of your business.

Here is what a 1-page business model looks like: The image above shows the Lean Canvas format which is my adaptation of Alex Osterwalder’s Business Model Canvas.

If you’ve ever written a business plan before, you should immediately recognize most of these boxes. You can use the same basic building blocks to build both simple and complex models.

Like lego blocks, the canvas also invites an element of play and creativity which is healthy for achieving breakthrough innovation.

But most importantly, the lightweight nature of the canvas is ideally suited for the innovator’s journey which is best characterized more as a search than execution of a working business model.

The business plan is a tool to attract investments " data-medium-file="https://i2com/fourweekmba.com/wp-content/uploads/2018/12/business-model-vs-business-plan.png?

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