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What is a roadmap? How do you create one?

July 5, 2022
in College+, Entrepreneurship, High School, Middle School, Working Professionals
Reading Time: 3 mins read
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What is a roadmap? How do you create one?

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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 (February 3, 2023) 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 - February 3, 2023, https://www.skillioma.com/what-is-a-roadmap-how-do-you-create-one/
"What is a roadmap? How do you create one?." Skillioma - Accessed February 3, 2023. 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 February 3, 2023,<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 February 3, 2023]. 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: February 3, 2023]

 

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 :

 

Are you ready to solve the puzzle?

 

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Tags: business roadmapBusiness Skillswhat is a roadmap in a startup
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