What is a roadmap? How do you create one?

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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.

Business-Roadmap

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.

Future-Business-Plan

Check out the video on how to create a roadmap below

Citations :

Skillioma Home (March 1, 2024) What is a roadmap? How do you create one?. Retrieved from https://repo.skillioma.com/what-is-a-roadmap-how-do-you-create-one/.
"What is a roadmap? How do you create one?." Skillioma Home - March 1, 2024, https://repo.skillioma.com/what-is-a-roadmap-how-do-you-create-one/
"What is a roadmap? How do you create one?." Skillioma Home - Accessed March 1, 2024. https://repo.skillioma.com/what-is-a-roadmap-how-do-you-create-one/
Skillioma Home August 6, 2023 What is a roadmap? How do you create one?., viewed March 1, 2024,<https://repo.skillioma.com/what-is-a-roadmap-how-do-you-create-one/>
Skillioma Home - What is a roadmap? How do you create one?. [Internet]. [Accessed March 1, 2024]. Available from: https://repo.skillioma.com/what-is-a-roadmap-how-do-you-create-one/
"What is a roadmap? How do you create one?." Skillioma Home [Online]. Available: https://repo.skillioma.com/what-is-a-roadmap-how-do-you-create-one/. [Accessed: March 1, 2024]

Power Words :

  • Market size
  • Sales potential
  • Target customers
  • Co-working space
  • Pitch

Critical thinking challenge question :

Create a roadmap for your company’s ideation process and execution process. Roadmap should be created until launch of your product/service

Watch this video for further learning :

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