Lean Start-up Plans

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Lean Startup plan is more used when you are at the very beginning of your business. Before even you launch your business, you may need some killer plans to attract your investors so that you ensure a smooth financial success moving forward. But it doesn’t mean that you are profitable from day one. Turning to be profitable may take years, even a publicly traded tech companies may not be profitable for years.

Start-up plans are normally lean in order to help companies launch quickly and allow for changes as required when the company grows. But you have to make sure you include the must have’s like customer base, finances, and infrastructure.

Below given are some of the critical components involves in Lean Start-up Business Plans

1. Strategy. Explain your strategy with a few bullet points that serve as a reminder of strategic focus on a problem your audiences face and your solution to that problem, your target market, and why you and your business are ideal to match that solution to the problem and to the market.

2. Execution. The strategy is nothing without proper execution. Execution includes sales and marketing tactics such as pricing, promotion, channels, messages, media, social media etc.

3. Concrete specifics. Details of assumptions, tasks, responsibilities, milestones, Performance measurements and expectations.

4. Essential business numbers. Sales forecast, spending budget, and cash flow projections.

A lean business plan covers what every business owner and aspiring start-up needs to manage like strategy, tactics, execution, and essential business numbers. Lean Plan as the name indicates stays lean and simple with just bullet points for essentials and a collection of lists and tables. The only thing to remember is, a plan should be reviewed at least monthly so that plan doesn’t stale and make sure it stays fresh.

RCBS is one of the leading MBA Colleges in Kerala with international standards. They provide PG courses like MBA, PGDM, MHRM etc. RCBS has decades of experience in management studies and a good percentage of placement. RCBS is named as one of the best business school in Kerala.

Location: Kerala, India

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