Before you go and start soliciting your business for funding, make sure that your business plan is concise, to the point, and specific to your audience (investors). You don’t want your business plan to be similar to the Goldilocks and 3 Bears story by having a bowl of porridge that was too hot or too cold. You want that plan to be to that last bowl Goldilocks tried that was just right! The way your plan feels, written, and the audience it speaks to will be contingent on if you receive funding. Just like the porridge, if your business plan has just the right amount of content then it will be eaten alive by the sharks (aka investors).The long and drawn out legacy business plans are quickly becoming a way of the past. Investors, Banks, and whomever else who is going to read your business plan does not really want to read your 60 page plan or even something as simple as a business model canvas.
Looking in from a backstage out into the crowd at a concert is a spectacular site. It can feel as good as it looks when applying this mindset to your Business Model Canvas (BMC). It can all be possible if you follow the process, have a solid team, and achieving many goals while learning by doing.
Putting it all together is all we need to do now that we have made it to the last blog post on this series describing the business model generation. Once finished outlining the last two Business Model Canvas (BMC), I will provide you with some basic tips and tricks that have worked while developing your business model on a canvas.