When our company raised its initial $850,000 funding, no investor ever requested a business plan; sophisticated angel investors and VCs understand that in many cases, this document is just a formality and a big waste of time.
Still, a business plan is still a fantastic exercise to: TLDR; don't make one unless someone asks you for it.
Again, the most common concept is this 20 or 30 page-long document that you prepare to demonstrate that the founding team has the right mindset to venture into a new opportunity.
If you are a startup, especially a tech startup, then you might find some similarities between this concept and that of a 'pitch deck template.' The pitch deck, in the end, is the modern, simpler version of the traditional business plan.
Here's an excellent article from Hubspot on how to write your mission/vision.
4- Business Description A more detailed description of the company, what it will do and how will it make money.Every template that we handpicked gives you the possibility to be able to customize and edit every single slide in the templates easily.There are plenty of features like the drag-and-drop that offers you a placeholder, so you quickly add in any text or icon you want.Let's revisit the typical structure of a business plan:1- Cover Page and Table of Contents Not a lot to add here.2- Executive Summary The Executive Summary is usually a one-page summary of the contents of the business plan; as I mentioned above, some business plans only consist of this section.3- Mission and Vision Statement A mission statement summarizes a company's purpose in one or two paragraphs: why it exists.Powerpoint has super cool backgrounds already, but since so many people use them, they become dull and overused.Templates also help create an original presentation with a new layout that will impress investors, marketing/ business partners, professors and any viewers.It's usually made up of a general description of the organization, its function, and its objectives.The vision, on the other hand, talks about what the company aspires to be in the future.6- Competitor Analysis Very much related to the SWOT Analysis mentioned above, the competitor analysis should provide a more personal review of what the company is doing, their traction and state and how the company intends to differentiate.7- Market Analysis A market analysis is a review of the state and maturity of the market the venture intends to attack, as well as an assessment of the market size or market potential.