CANNAINVESTOR Magazine October / November 2016 - Page 105

How to Write a Business Plan for an Early Stage Startup?

By Nelli Orlova

Writing a business plan is definitely one of the main pain points for many startup founders, especially at the early stage. And this is not surprising: it is quite a challenge to establish a solid business plan, when there is very approximate understanding of marketing strategy, no real prove of the business model and no numbers or statistics to make financial forecasts (as it is usually demanded for 3-5 years). That's a headache, no one will doubt!

Every month InnMind team receives tons of requests from startup founders to help them in writing a business plan. They ask us advice about what template it is better to use, what items should be underlined as priority, which chapters must be included and which may be omitted in the business plan for a startup. And in most cases we say: hey guys, listen, there are tons of useful materials on this issue, great advices, books and articles on how to write business plan, just take your time to do some Internet search and find the most relevant and useful of them!

But... the number of questions and requests never decreases. For those who don’t want to waste time for searching for relevant information through Internet we prepared this definitive guide on how to write a business plan for a startup.

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