Crafting a compelling business plan is an essential step for entrepreneurs looking to establish a successful and sustainable enterprise. The renowned venture capitalist and author, Howard H. Stevenson, has developed a comprehensive framework for writing a great business plan, which has become widely known as the “Sahlman method.”
The Sahlman method emphasizes the critical elements of a business plan, including a clear and concise executive summary, a thorough market analysis, a detailed description of the company’s products or services, a well-defined marketing and sales strategy, and a comprehensive financial plan. By following the Sahlman method, entrepreneurs can create a business plan that effectively communicates their vision, outlines their business model, and provides a roadmap for achieving their goals.