“Plans are nothing… planning is everything”. Recently the business plan has been seen as a non important tool for those wanting to start a business. With the widely popular Lean startup approach and the business model canvas most startups prefer to stay away from writing the traditional business plan.
However the business plan is still the best tool that helps startups put together a comprehensive document which includes compeitir and market analysis, financial projections and marketing strategy. Institutions in Qatar will still request you to present a business plan when you ask for funding or ask for incubation.
The business plan should not be a scary 100 page document but a document that includes enough information on your startups vision, milestones and way forward with some detailed analysis on your market and customers.
To write a business plan please click on the following links that can help you through the process.
– http://www.entrepreneur.com/businessplan/index.html
– http://qatar.smetoolkit.org/qatar/en/category/6745/Business-Plans