Types of Business Plans: Traditional vs. Lean Startup

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When approaching business planning, it is essential to understand that there are different approaches depending on the needs and objectives of your business. Mainly, two types of business plans stand out: the traditional business plan and the lean startup business plan.

Traditional business plan
This is the most common and detailed approach. Traditional business peru phone number list are extensive and cover a lot of information to provide a complete picture of the business.

Key Features:

Detailed: Includes comprehensive descriptions of the company, market, products or services, marketing strategy, competitor analysis, operating plan, and financial projections.

Persuasion-oriented: Its depth and detail make it particularly useful for attracting investors or banks, offering additional security thanks to its comprehensiveness.

Lean Startup Business Plan
This type of plan is more streamlined and focuses on summarizing the most important aspects of a business in a more condensed format.

Key Features:

Concise: This can usually consist of a single page, highlighting only the key elements such as the value proposition, customer segments, sales channels, and cost structures.

Flexible: Ideal for businesses that need to adapt quickly and are in the early stages of development. Although brief, you should be ready to expand with more details if investors or lenders require it.