“It does not matter how slowly you go, so long as you do not stop” : Confucius
In many cases, startups begin with “idea” people. These people are good at solving problems, they enjoy it and never get tired of it. At some point in the lifecycle of their startup, they have to write a formal business plan. If you are like me, you don’t approach this task with the same enthusiasm as designing/writing software or creating a prototype.
Writing the business plan (it was there in my head) and financial models was there in my product backlog (a.k.a TODO list) for a very long time. Recently I had to formally put together all the material to be sent to an investor. I thought of blogging about some of the things I found useful in this process. I did read quite a few books on this topic, but nothing clicked like the information presented by Guy Kawasaki. If you are in a process of writing a business plan, you must read this.
He has provided PowerPoint, Word Document and Excel templates for these on his SkyDrive.
Executive summary is one of the most important part of your business plan. Here is a good resource to get started:
Writing a Compelling Executive Summary