What is a roadmap? How do you create one?

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.