We love what Sequoia Capital says about Business Plan. The original can be found on their web site, but we are pleased to reproduce it below:

sequoia_capital

We like business plans that present a lot of information in as few words as possible. The following business plan format, within 15–20 slides, is all that’s needed.

Company purpose
Define the company/business in a single declarative sentence.

Problem
Describe the pain of the customer (or the customer’s customer).
Outline how the customer addresses the issue today.

Solution
Demonstrate your company’s value proposition to make the customer’s life better.
Show where your product physically sits.
Provide use cases.

Why now
Set-up the historical evolution of your category.
Define recent trends that make your solution possible.

Market size
Identify/profile the customer you cater to.
Calculate the TAM (top down), SAM (bottoms up) and SOM.

Competition
List competitors.
List competitive advantages.

Product
Product line-up (form factor, functionality, features, architecture, intellectual property)
Development roadmap

Business model
Revenue model
Pricing
Average account size and/or lifetime value
Sales & distribution model
Customer/pipeline list

Team
Founders & Management
Board of Directors/Board of Advisors

Financials
P&L
Balance sheet
Cash flow
Cap table
The deal