| Writing a full business plan is a ton of work no doubt. | | | | executive summary part of a full business plan. The |
| If you are a student it could take 6 months or more | | | | big difference between the two is that to make a |
| to make a full plan. If you aren't seeking funding or | | | | PVA you will spend a lot less time gathering |
| don't want to create that full on business plan then | | | | information and researching. This means it will not |
| what options do you have? I still think you should | | | | have the same depth as an executive summary. |
| create a plan, just because it will be incredibly | | | | A PVA is quite useful to show to various |
| beneficial for your business, but there is a shortened | | | | organizations and to circulate around. It is sort of like |
| business plan that you can create that will give | | | | a paper version of the Elevator pitch and there are |
| insights into the industry and business you are looking | | | | several companies you can send PVA's too that |
| to run without the time investment of a full plan. This | | | | review and circulate them so that you can hopefully |
| shortened plan is known by many as a preliminary | | | | find angel investors around the country. For business |
| venture analysis. (called a PVA for short) A PVA give | | | | plan competitions with the right PVA's you can show |
| you the info needed to create a fairly quick decision | | | | them off to receive reviews or even funding if its |
| on whether or not your business is feasible or if you | | | | good enough. By making a mini business plan you are |
| have a smaller decision that needs to be made such | | | | saving yourself the time and effort needed to make |
| as whether or not a new product line should be | | | | a full on business plan but still have something |
| launched. A PVA is most comparable to the | | | | concrete and real to show. |