9 Venture Planning and Execution Free Online FlashCards

What is a venture plan?

A working model that connects how a venture expects to create value, reach customers, operate, and remain financially viable.

What makes a venture assumption useful to document?

An assumption is a claim that has not yet been adequately tested. Record its current evidence and confidence, and distinguish what is known from what is estimated.

Which assumptions should a venture test first?

Prioritize assumptions that are both uncertain and consequential, and test them early with the least costly credible test available.

Name two ways to test venture assumptions.

Customer interviews, a small paid pilot, competitor research, supplier quotations, and cost estimates can test different claims.

What are the five connected parts of a practical business plan?

A practical plan covers the customer and market, offer and business model, operations and team, finances, and execution and risk.

How should a sales forecast connect to marketing and operations?

The sales forecast should match the customers marketing can plausibly reach and the volume operations can fulfill.

What distinguishes a milestone from a completed activity?

A milestone is a specific, measurable result showing whether the venture is ready for its next stage—not merely an activity completed.

What should a venture specify for each milestone?

Specify the outcome and measure, owner and resources, target date, and decision rule.

What is a typical sequence for venture milestones?

Confirm the customer problem, test willingness to pay, deliver a small pilot, verify operating quality and unit economics, then expand sales or capacity.

What information belongs in a major-risk assessment?

Record each risk’s likelihood, potential impact, early warning sign, owner, prevention or mitigation action, and contingency.

How can a venture reduce the risk of relying on one supplier?

Identify an alternate source before disruption occurs, reducing dependence on a single supplier.

Why review cash flow as well as profitability?

Pair projections with cash-flow reviews: a venture can be profitable on paper yet lack cash before bills are due.