No products in the cart.
How to calculate and manage risks using spreadsheet method for your startup
Hello Everyone!Starting a company can be disruptive if entrepreneurs don't anticipate the risk and prepare themselves to mitigate them. If...
What is a roadmap? How do you create one?
Image source: Pixabay
A road map explains the in-depth process of achieving the bigger picture that is shown through the business plan. The primary objective of a road map is to accomplish the milestones set for completion of different stages.
For instance, getting an angel investor to fund your startup is a component in your business plan under which you can specify the following path or road map to achieve:
- Build a prototype based on your business idea
- Prepare a pitch deck (presentation) focusing on the essential areas such as your product, market size, target customers, competition, sales potential and team operations.
- Estimate the market value of your startup
- Establish networks through which you can approach investors by going to startup events or at the co-working space.
- Prepare a list of investors whom you will pitch.
- Ask your team to take their appointment. Once you are done with all these steps, you may have an investor on board.
Check out the video on how to create a roadmap below
Citations :
Skillioma (October 1, 2022) What is a roadmap? How do you create one?. Retrieved from https://www.skillioma.com/what-is-a-roadmap-how-do-you-create-one/.
"What is a roadmap? How do you create one?." Skillioma - October 1, 2022, https://www.skillioma.com/what-is-a-roadmap-how-do-you-create-one/
"What is a roadmap? How do you create one?." Skillioma - Accessed October 1, 2022. https://www.skillioma.com/what-is-a-roadmap-how-do-you-create-one/
Skillioma May 8, 2020 What is a roadmap? How do you create one?., viewed October 1, 2022,<https://www.skillioma.com/what-is-a-roadmap-how-do-you-create-one/>
Skillioma - What is a roadmap? How do you create one?. [Internet]. [Accessed October 1, 2022]. Available from: https://www.skillioma.com/what-is-a-roadmap-how-do-you-create-one/
"What is a roadmap? How do you create one?." Skillioma [Online]. Available: https://www.skillioma.com/what-is-a-roadmap-how-do-you-create-one/. [Accessed: October 1, 2022]
Power Words :
- Market size
- Sales potential
- Target customers
- Co-working space
- Pitch
Critical thinking challenge question :
Create a roadmap for your company’s ideation process and execution process. Roadmap should be created until launch of your product/service
Watch this video for further learning :
Hashtags :
- #GPSforLifeAndCareer
- #ConsciousIntelligence
- #Kidswiki
- #MindInTheMaking
- #RelevanceInEducation
- #MeaningfulLearning
- #RealWorldSkills
- #SafeContent
- #360DegreeDevelopment
- #Skillioma
- #BeyondCurriculum
- #SkillsBeyondSchool
Related Posts
How to Register a Startup Company in India
The initial focus of most of the startup founders remains on giving shape to an idea, meeting with investors, and...
Bootstrapping
Bootstrapping is a method of starting a company without sourcing the outside capital. In simple words, bootstrapping is a self-funding...
Solopreneurship
Solopreneurship means running a business solely by an individual. In other words, an entrepreneur starts and takes care of everything...
Case Study on Zomato Food App
There was a time when we used to call restaurants and hotels for the food menu and reservations. Then we...
Common myths busted
In this lesson, we will aim at busting some of the common myths in the entrepreneurial journey. These are myths...
