BP is the abbreviation of "Business Plan" in English, which means business plan in Chinese. It is a descriptive document about business ideas and plans in the investment and financing market.
Many people often come into contact with the concept of bp when planning investment plans. What exactly does this bp stand for? What is its true meaning and characteristics? Let's get to know it together. Details 1
The business plan has a history of nearly 7 years, which is basically consistent with the whole new economy, new technology wave and the rising trend of venture capital industry. After years of development, it has become the aggregation of a set of business thinking tools. There are also many variants (such as lean canvas, one-page BP, etc.). 2
As entrepreneurs emerge in an endless stream, face-to-face communication takes investors a lot of time. Business plan, a document that can help investors to "know and communicate in advance", has become the best carrier for presenting business information. 3
The venture capital industry in China originated from the entry of well-known US dollar funds such as IDG and Sequoia. They led and promoted the rise of venture capital industry in China. The business plan, which plays an important role in communication, has become a kind of existence with the prosperity of the venture capital industry. 4
For investors, the business plan plays the role of pre-communication between entrepreneurs and investors, and investors have learned enough information through the business plan. 5
Business plan is the concentrated expression of entrepreneurs' business ideas, which reflects your logical thinking. The "demand information, team information, market and industry information, data information, future planning, financing information, etc." that need to be displayed in business plan can often play a good guiding role for entrepreneurs.