Your blueprint is a prerequisite in developing your actual Business Plan. A start-up is an absolutely new creation! It’s a new business and its story is yet to be written.
Business plans can overcomplicate a start-up. I believe you must start with a simple, effective plan. I know from experience new business startup owners don’t have time or patience to produce a lengthy business plan, they need an action plan.
This lecture goes over, creating a blueprint that gets you to systematically thinking about your business. Planning helps you to think things through thoroughly. It’s a stepping stone to creating a business plan if and when you need one.
The blueprint can serve as a guide solely for the owner of new businesses to help keep their vision in sight and in the direction of achieving their goals. The blueprint can attract investors, bankers, and other lenders, to attract financing.
Think of your blueprint as a startup communication tool.
You need to understand where you want to go before you can figure out how to get there.