Template

Business update deck

A quarterly business update has one job — tell the people who fund you where the quarter landed and what you intend to do about it. The shape that works is eleven slides: a cover that states the verdict, a scorecard of four or five numbers against plan, the charts behind the two or three that moved, what shipped, where you missed and why, cash and runway, risks, next quarter's commitments, and the decisions you need from the room. Everything else — cohort tables, the full P&L, the roadmap by sprint — goes in an appendix you do not present. If walking through it takes longer than twenty minutes, you have written a report and called it a deck.

11 slides

The slide order

  1. 01
    Cover and verdict

    This is the quarter, and here is the one sentence to remember if you remember nothing else from the next twenty minutes.

    Avoid: Using the cover as a title card — the quarter name and a logo tell the room nothing it did not already know.

  2. 02
    Scorecard against plan

    Four or five numbers, each shown against the plan you committed to last quarter.

    Avoid: Fifteen metrics in a grid, so nobody can tell which three you actually run the business on.

  3. 03
    Revenue against plan

    Revenue did this, the plan said that, and the gap between them is this size.

    Avoid: Plotting revenue alone with no plan line, which lets almost any shape read as good news.

  4. 04
    Pipeline and acquisition

    Next quarter's revenue comes from here, and there is either enough of it or there is not.

    Avoid: Reporting top-of-funnel volume without conversion, which makes a pile of unqualified leads look like momentum.

  5. 05
    Retention and customer health

    We keep the customers we win, and here is the number that settles it.

    Avoid: Quoting logo retention while the money leaves through downgrades — show net revenue retention beside it.

  6. 06
    What shipped

    These things exist now and did not exist ninety days ago.

    Avoid: Listing everything the team touched — a board cannot separate a launch from a refactor and will assume the list is padded.

  7. 07
    Where we missed, and why

    We missed this by this much, the cause was this, and this is what changes because of it.

    Avoid: Holding the miss back until the questions, or explaining it with market conditions nobody in the room can act on.

  8. 08
    Cash, burn and runway

    We hold this much, we are spending it at this rate, and it runs to this month.

    Avoid: Giving burn as a trailing average when a hire, a renewal or a price change has already moved the run rate.

  9. 09
    Risks and mitigations

    Three things could break the plan, and each one has a name against it.

    Avoid: A register of twelve risks all rated amber, which is arithmetically the same as flagging nothing.

  10. 10
    Next quarter commitments

    This is what we will be judged on in ninety days, with numbers attached.

    Avoid: Goals that cannot be failed — 'improve onboarding' is a sentiment, 'cut time to first draft below five minutes' is a commitment.

  11. 11
    Decisions we need

    Two decisions can only be made in this room, and each one has a date it is needed by.

    Avoid: Closing on a Questions slide — a board asked for nothing gives you nothing, and the meeting ends on a blank rectangle.

Why does the headline number go first?

Most updates open with context: market backdrop, a recap of last quarter's objectives, an agenda nobody reads. By the time a number appears the room has sat for four minutes and already formed a view of the quarter — from your tone, from the running order, from how keen you seemed to get somewhere. You want them forming it from the number instead.

So the verdict goes on the cover and the scorecard goes second. Here is the test: a director who reads two slides and then takes a call should leave with the same view of the quarter as one who sits through all eleven. If your deck fails that test, the structure is wrong and no amount of delivery fixes it.

There is a second reason, and it is the one people resist. Leading with a number forces you to choose one, and teams that bury the headline usually have four candidates and no settled view on which matters.

How do you report a quarter you missed?

Early, in your own words, with a cause and a change. Early because the room will find it regardless — somebody always reads ahead, and a miss discovered on slide nine after eight slides of good news reads as concealment even when it was not. You lose the argument about the quarter and start a worse one about candour.

In your own words because the alternative is somebody else's framing. Say that you committed to 4.2m and landed 3.6m, a 14% miss, and the number is yours. Say that revenue grew strongly and someone will do the subtraction out loud. Four things belong on that slide.

  • The size of the miss in absolute terms and against plan — both, because a percentage hides the scale on a small base and an absolute hides it on a large one.
  • One cause, named. Not three. If it honestly was three, you have not finished diagnosing it.
  • Whether the cause has stopped — two reps lost in May, both replaced and ramped — or is still running.
  • What is different next quarter, with a date on it.

What does not belong: the word headwinds, a slide of macro charts, or a comparison to a competitor who also missed. None of those is something anyone in the room can act on, and each one spends credibility you need for the parts of the deck that are true.

A miss you explain in your own words is a management report. A miss they find themselves is an audit.

How do you keep it to twenty minutes?

Eleven slides at ninety seconds each is sixteen minutes, which leaves room for the two questions worth answering and none for the six that are not. Ninety seconds a slide is not a stylistic preference — it is what the format costs. Decks blow the clock for reasons you can see on the page before you ever stand up.

  • One claim per slide. A slide making two arguments takes three minutes, because the room has to be walked back to the first one.
  • No slide that restates the previous slide in a different chart type.
  • Numbers printed on the chart, not carried in the speech. A figure you have to read aloud is a figure that is not in the deck.
  • Send it 48 hours ahead and open by saying you assume it has been read. Half the room will have read it and the other half will not admit otherwise, which for pacing purposes is the same thing.

The clock is also why slide copy needs a length limit rather than a house style. A title that wraps to two lines has already taken longer to read than the layout was drawn for, and the fix is a shorter title, not a smaller font. Every layout slot in Slideable carries a character budget — the maxChars the box was drawn for — and the editor audits the deck against them, so it tells you a slide has run long before the room does.

What belongs in the appendix instead?

Everything you would be embarrassed not to have and would bore the room by presenting. An appendix is not a bin. It is where the second question gets answered without your spending the first twenty minutes pre-empting it.

  • The full P&L, and the month-by-month version of every chart in the main deck.
  • Cohort retention by signup month.
  • Pipeline by stage, by source and by rep.
  • Headcount by function, with open roles and start dates.
  • The roadmap at the level of individual work rather than themes.
  • Definitions. Whatever you mean by active, committed and ARR, written down once, so that an argument about the number never becomes an argument about the noun.

The rule: if you can picture a particular director asking for it, it goes in the appendix. If you cannot picture anyone asking, it goes nowhere. Thirty appendix slides is fine; thirty nobody would open is padding wearing a different label.

How do you build one without losing a day to it?

Slideable ships an eleven-slide business update template, one of 94 layout archetypes in the library, built around the shape above. Charts are the part that normally eats the day: eight chart types are edited in place, with no spreadsheet step, and they are drawn in the deck's brand palette automatically. Set the Brand Kit once and every slide obeys it, so a year of quarterly updates looks like the same company reported them.

It runs in the browser with no account required. An MCP server exposes 52 tools, so an agent in Claude, Claude Code, Cursor, Codex, Gemini CLI or VS Code can read the deck, write to it and review it alongside you. That is the division of labour worth having: you argue about whether the miss on slide seven is honestly explained, and something else checks that it fits in the box.

Common questions

What goes in a quarterly business review deck?
Eleven slides: a cover carrying the verdict on the quarter, a scorecard of four or five metrics against plan, revenue against plan, pipeline and acquisition, retention, what shipped, where you missed and why, cash and runway, risks, next quarter's commitments, and the decisions you need from the room. Anything that supports those slides rather than making an argument of its own — full P&L, cohort tables, detailed roadmap — belongs in an appendix you do not present. The main deck answers what happened and what changes; the appendix answers the follow-up questions.
How long should a QBR or board update be?
Twenty minutes of presenting, which at roughly ninety seconds a slide means eleven slides in the main deck. Anything longer and you are spending the meeting on narration rather than on the two or three decisions only that room can make. Send the deck 48 hours ahead so the reading happens before the meeting, and open by saying you are assuming it has been read.
How do you present a quarter where you missed the plan?
Put the miss early and in your own numbers — state the commitment, the actual, and the gap in both absolute and percentage terms. Name one cause rather than three, say whether that cause has stopped or is still running, and give one concrete change with a date on it. Do not lead with market conditions or competitor comparisons; neither is something the room can act on, and both cost you credibility on the parts of the deck that are accurate. A miss you explain yourself reads as management; a miss the board finds reads as an audit.
What is the difference between a QBR and a board update?
The structure is nearly identical — the difference is the ask. A quarterly business review inside a company usually ends in resource and priority trade-offs among people who already share your context, so the shipped and pipeline detail can go deeper. A board update ends in decisions that only directors can approve, such as a raise, a hire above a threshold, or a change of plan, and it has to carry more context because the room has not been in the weekly meetings. Cash, burn and runway matter far more in the board version.
What should go in the appendix of a board deck?
The full P&L, month-by-month versions of every headline chart, cohort retention by signup month, pipeline by stage and source, headcount with open roles and start dates, the detailed roadmap, and a page of metric definitions so an argument about a number never turns into an argument about what the word means. The test is whether you can picture a specific director asking for it; if you can, it goes in the appendix, and if you cannot, it goes nowhere. A long appendix is not a problem — an unopened one is just padding.

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