Do PowerPoint presentations make good Business Plans?
What kind of PowerPoint business plan would you suggest? Where Would one find successful models of such plans and execution for presenting to potential investors?
The question seems to miss the real point of a business plan. first and foremost it is for the business owner as a roadmap for the future. As such it needs to be in a form that is best suited to the individual and that is easy to update as things change and more information becomes available. The more complex the method of documentation the less likely the plan is to change as the environment changes. You will be inclined to fit the environment to the plan rather than vice versa.
The secondary reason for documenting the plan is usually for the benefit of investors be they business angels, banks or whoever. These people will want detail that will enable them to make an informed decision and powerpoint is not the ideal medium for large amounts of detail.
Powerpoint should not be the only tool. When you present the plan you can use summary slides in a powerpoint, however, a true business plan should be through and in depth. It should cover all the pertinent issues and be very specific and detailed. You can't short change he business plan by doing it in powerpoint, it should be simply for your presenting it to investors.
We're all familiar with the traditional definition of a "business plan." I prefer to use what might sound like a circular definition at first: a business plan is simply a plan for your business.
Depending on your intended audience and your desired outcome, this plan can be expressed through many different media, with a structure and amount of detail that is appropriate to the situation.
In some situation, a 30-second elevator pitch is all the business plan you need. If you're dealing with an investor who asks you to send your business plan in pitch deck format, send that. If you're dealing with a banker regarding an SBA-backed loan, something created with Business Plan Pro might be appropriate. If you're having high-level strategy sessions with your internal management team, your business plan can live in your heads and on your white boards.
Don't get stuck on a single definition of a business plan. Figure out what's appropriate for your audience and purpose, and express your business plan accordingly.
You can communicate your plan in a document or slide format -they are just tools. What is most important is to make sure you know who your audience is - investor, person you are recruiting etc and have clarity on what your business is then worry about format. Some investment groups or incubators have a specific set of requirements or template for you to complete. http://www.businessmodelgeneration.com/canvas can be a good place to start as well and check in as your idea grows.
The purpose of a business plan is to create a road map for the business owner(s). It is also used to communicated to banks and other investors with which you hope to gain support. For both details are necessary related to both financials and execution. Power Point is a great tool to give overviews and to entice interest, but those providing funding in any form will want the details. There is also such a thing as the "expected" form of communication. In general it is not a good idea to challenge those expectations too much especially since you want them to view you as a professional who has done their homework.
A presentation is NOT a business plan. The latter is a full document that details what your business will do and how. The former is a much broader overview meant to communicate the main points of the bp in under an hour. It's a serious mistake to think a presentation might take the place of a full, well thought-out business plan.
Power point presentations can be good to show highlights or visual aids to prove a point. After all sometimes the right picture can be more than a thousand-words-worth or information. However, a traditional business plan is more detailed, with projections for 5 to 10 years, contingencies, budget costs, etc.
A Power point presentation can be one of your options in presenting a "business plan". Certainly there are other ways to do so: a one minute commercial perhaps.
If you have explored what the power point can truly do then perhaps it might be the only tool you need to make a superb presentation. Get as much new ideas as you can, something new, something unforgettable.
The tool is just an extension of what you can imagine and implement. You can use words, pictures, voice from a famous businessman, great quotations, examples of successful businesses. You can even use experiments to make a point through.
What's more important is the content of your presentation.
If your presentation is based on budget, http://www.startupbusinessloans.com/research/limited-budget-marketing-methods-for-business-owners-on-a-budget/ then you can link a resource and prove your point.
If it is a new facebook then you can compare it with facebook and do your pitch. Mobile app creation? You can show what makes yours tick and outstanding.
I would say that a business plan needs to be a document rather than a presentation. You can distill out a pitch from the plan, which could be presented as a powerpoint slide deck, but the plan itself should be a document.
You can begin by asking why am I creating a business plan, who is it for, what do I want to achieve by creating this business plan? These will help to focus your mind and build a sound plan.
I agree with the comments made about Power Point being an appropriate delivery/presentation vehicle. Having made presentations to both banks and investors, a professional presentation is only the beginning, albeit an important first impression. Knowing your facts, figures, and motivations will be extremely important. A Power Point presentation will act as an outline. You should also have more detail available if needed.
In a word - NO. A PowerPoint presentation is not a business plan but simply a condensed summary of slides about your bsuiness. You need a business plan for two basic reasons:
1. To present to a lending agent
2. To use for the business
It is a detailed document that decribes where you plan to go and how much money you need to get there.
Trevor if you are looking to raise money, I would follow the PPM (Private Placement Memorandum) model. This is a very professional way of presenting a business plan to potential investors. Here is a site that offers services in this area http://www.ppm.net/ and has some good general info. Hope this helps, Dan
When it comes to business plans, or any kind of strategic plan, content is more important than flash and bling. You can have the slickest PowerPoint presentation ever seen, but if it doesn't say anything, you've lost your audience.
To the initial question, I would answer that such a statement is so only if you are in the business to make PowerPoint (PP) presentations. I'm not trying to be funny for if your "plan" is as imprecise as this English, then you have a lot of work to do.
While PP is an effective way to communicate ideas, large ideas and concepts to large audiences, consider the reality that potential, real, and large investors want you to convince them with words, sincerity, energy, drive, and you can only do so with yourself.
At the level of stirring initial interest, a PP is too much. At the level of communicating and selling your ideas, it is far too impersonal. At the level of presenting your idea to the local Ladies Bridge Club, it is perfect.
PP is an excellent tool, but not so much in this context. You are the tool that works best in the sale and communication of a business plan in the realm of investors. When it comes to corporate presentations to the Board and finance people. there you have an instance where it will be useful as a show-and-tell tool IF you have pre-sold it to finance through using paper and active models, IF you have the secure backing of your sponsor and he/she has sold it to her colleagues, IF you've actually done your homework and understand the snags in the plan and the potential risk resolutions which are reasonable in your corporate environment.
Then, the presentation becomes a formal, but after the fact show to ensure coherence amongst the decision makers who have already made their decision. That is why the beforehand one-on-one's are infinitely more significant than the PP presentation, however fancy it might be.
Write the business plan first - then pick out points/highlights you want to get across to entice your audience to want to read the plan. Or, use Power Point to present an Outline of the business plan.
I critique draft plans - many of which are not yet complete. Good plans take time to review the Narrative, Cash Flow, resumes, etc. I doubt you want to present an entire plan to an audience. Good content will make an interesting PowerPoint.
I recommend this article: http://www.huffingtonpost.ca/mitch-joel/powerpoint-tips_b_1092486.html
PowerPoint can only help summarize the key assumption, highlight key expected results and required action plans/commitment dates in the plan but that's about it. PowerPoint cannot be used to model a business plan.
I tend to use a lot of graphics, charts and past-links from an Excel or other modeling tool to get the data into the PowerPoint.
No! It is over used, and boring. What is count to have a short & awesome message..
PowerPoint is nice format for presenting the business plan. It forces you to condense and simplify enough for people to understand and maybe even remember.
But the reason for having a business plan is the actual process to create it. The modelling, scenarios and what if's that prepare you for proactively management of your business.
Not really. PowerPoint is just a software for presentations.
There exist several sites in Internet to find guides for Business Plans. With powerpoint or other software you can make a summary of the business plan to prsent, but it is not the business plan.