The pitch deck has replaced the formal business plan in most venues.

Question

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In recent years, the pitch deck has become the preferred way for entrepreneurs to present their business idea to potential investors and partners, replacing the traditional lengthy business plan in many cases. This is due to the pitch deck's concise and visually engaging format, which can effectively communicate the key aspects of a business idea in a short amount of time.

The Pitch Deck Has Replaced the Formal Business Plan in Most