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Noah Parsons

Entrepreneur, product & marketing expert

Noah Parsons is a Silicon Valley product development veteran, entrepreneur, and senior executive with a strong passion for building tools for entrepreneurs and small businesses. He has expertise in product development, user interface design, corporate leadership, entrepreneurship, small business, online marketing, and product marketing. Noah's educational background includes studying BA in Architecture at Princeton University, Managing Teams for Innovation and Success at Stanford University Graduate School of Business Executive Education, and attending Groton School. He has held key positions like President of the Board of Directors at Eugene Rowing Club, COO at Palo Alto Software, Director of Technology at Palo Alto Software, Founder & Principal at Lighting Out Consulting, Director of Product Development at Epinions, and Producer at Yahoo!, Inc.

Highlights

Jun 26 · linkedin

Here’s my preferred method for creating a business plan. (No, it doesn’t involve using AI)

It’s a one-page business plan—a simple document that focuses on the things a business needs to succeed

If you’re a startup, a one-page business plan is the best choice:

• Save time: Only focus on the most important parts of the plan • Validate ideas: Quickly define the problem you are solving and who you’re solving it for • Share easily: Anyone can read and comment on a one-page document • Update quickly: Easily iterate on business ideas until you find a business model that works.

One-page plans are also useful for up-and-running businesses:

• Holistic overview: It provides a comprehensive snapshot of a business model on a single page. • Simplicity: The one-page format makes complex business structures easy to understand at a glance. • Flexibility: It can be easily adapted and modified as the business evolves or pivots. • Alignment: Helps ensure all aspects of the business are aligned and working towards the same goals. • Identifying gaps: Quickly highlights areas that need more development or attention. • Communication tool: Facilitates discussions and explanations of the business model to stakeholders. • Strategic planning: Aids in developing and refining business strategies.

If you’re familiar with the Business Model Canvas, you’ll love one-page business plans. The two are a lot alike, but the one-page plan format has a different focus:

• Product/Market Fit: The one-page plan focuses on ensuring that your business is creating a solution for a problem worth solving. • Customer Focus: The one-page plan helps you define your target market • Value Proposition: The one-page plan defines your value proposition and highlights key differences from your competitors.

When we created LivePlan, we used the one-page plan format to help define our own business concept and ended up baking the format right into the product as part of our business planning suite that also included a more detailed planning tool and financial forecasting.

If you want to learn how to use this simple but powerful planning format, check out the link to my guide in the comments. It includes a free template and everything you need to start planning differently.

#businessplan #onepageplan

Mar 28 · linkedin

If you're using AI to help write your business plan, you need to use it strategically. Here are 5 more tips to get the most out of AI (see my previous post for the first 5 tips):

  1. Use AI as an ideation tool, not a research assistant. AI is great for brainstorming and generating ideas, but be wary of trusting its data sources. Double-check facts, statistics, and competitor details using other reputable sources.

  2. AI excels at summarizing long-form content. Leverage this strength for sections like the executive summary. But always review and edit the output to ensure accuracy and consistency with the rest of your plan.

  3. Guide AI with specific instructions. The more details you provide upfront, the better the output will align with your vision.

  4. Stay in the driver's seat. Don't blindly copy-paste AI output. Review, filter, and customize the content to reflect your authentic voice and deep understanding of your business.

  5. For financials, use dedicated tools, not AI. While AI can suggest revenue streams and expenses, you'll need spreadsheets or forecasting software to build detailed, accurate financial projections.

Remember, AI is a powerful co-pilot but not a substitute for your entrepreneurial vision and execution. Use it thoughtfully.

If you want to check out some of the prompts I’ve used for business planning, check out this post: https://lnkd.in/gViKj2Q3

#businessplanning #businessplans #AI #startup

Noah Parsons
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Location

Eugene, Oregon, United States