Where do I go to edit the problem statement in Bizplan? What steps do I follow to revise the 'Big Problem' chapter in Bizplan? How can I update the 'Big Problem' chapter of my business plan?
The Big Problem chapter of Bizplan is designed to help you articulate the primary issue your startup is solving. This chapter includes areas for the Problem Statement, Problem Analysis, and Current Solutions—critical elements investors look for to understand the market need and your business relevance.
Steps to Edit The Big Problem Chapter
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Log in to your Bizplan account.
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From the left-hand menu, click on Business Plan.
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In the Setup sidebar, select The Big Problem.
- Problem Statement: Describe the key issue your product or service addresses.
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Problem Analysis: Use the guided fields to identify:
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Who has the problem?
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What causes the problem?
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What are the consequences?
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Current Solutions: Explain how customers currently solve this problem, including the strengths and weaknesses of existing alternatives.
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Your changes will automatically save, as indicated by the "Saved" prompt in the top right corner.
Important Notes
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Toggle the Help option to view tips on crafting a compelling and effective problem statement.
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Take time to refine this chapter. Investors use it to assess the urgency and scale of the problem you're tackling.