Pitch deck VS Business Plan
As an entrepreneur which one you should be focusing on at first? A business plan or a pitch deck? The entrepreneurs and business owners for decades have believed that they need to focus on creating a comprehensive business plan and there were enough good reasons for that. But this has recently started happening that, many startup owners have almost gone exclusive with pitch decks in the place of a traditional business plan. Know that which among these two approaches, or whether both or using them one after the other will work the best for you depending on the type of your business or your fundraising efforts? A traditional business plan lays out all of the parts of the business and is a purely text-based and fairly lengthy document.
There is everything present in a business plan from the corporate structure to the startup needs, to the marketing and growth plans, and also the financial forecasts for the coming five years. It also includes the much longer-term game plan. A business plan begins with a brief executive summary and is made typically in a Microsoft Word style format. Now, on the other hand, a pitch deck is a slide-by-slide presentation just as PowerPoint or Google Slides formatting. It is quite a simple, short, and compact version of a traditional business plan. They specifically came into working for pitching the startups to the potential investors for their fundraising and are also replacing business plans at a fast pace.
Everything is a pitch - The art of creating a winning pitch deck | © 2021 INK PPT
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