There are two major methods for creating a business plan. One method is compiling the traditional written document that many consider a typical business plan. The second method is to employ the modern method of the “Lean Canvas”. This class will explore the more traditional prose document that is still the favorite of many lawyers, bankers, accountants, and insurance brokers.
The Traditional Approach has been tried and tested for many years. The beauty of this method is that most people who review your document will understand what the bulk of the document means. There is written material for every reader, numbers for the numerical inclined and often graphs for the visually oriented. This document takes a while to prepare, but should be prepared incrementally over a period of time.