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Mistakes to avoid when writing a business plan


Published on This presentation will help you learn how to avoid deadly mistakes while writing your first business plan

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Mistakes to avoid when writing a business plan

  1. 1. MISTAKES TO AVOID WHILE WRITING A BUSINESS PLAN<br /> – Call +1-800-351-0557<br />
  2. 2. A business plan is an important document for any firm seeking finance. <br />It is the first impression of the company and it is necessary that it should be prepared in a way that it attracts potential investors and lenders in order to obtain funds. <br /> – Call +1-800-351-0557<br />
  3. 3. A poorly written business plan is one of the main reasons for rejection of loan applications.<br />Entrepreneurs can make number of mistakes in writing a business plan, which can badly ruin their chances of getting the required funding to start or fund their business venture.<br /> – Call +1-800-351-0557<br />
  4. 4. BUSINESS PLAN MISTAKES<br /> – Call +1-800-351-0557<br />
  5. 5. NOT CLEAR IN EXPLAINING THE OPPORTUNITY<br />This is the most frequent mistake many entrepreneurs make. <br />If you don’t present your opportunity in a clear manner, it will not attract the investor to proceed to the next stage, giving the loan. <br />Make sure to define your business objective in a clear and simple manner in order to attract investors.<br /> – Call +1-800-351-0557<br />
  6. 6. Unrealistic projection<br />The second most common mistake an entrepreneur makes is adding unrealistic and irrelevant projections.<br />Financial projections are one of the most important sections in business plan that must be relevant and realistic. <br />Give enough time in projecting financials. Don’t overestimate! <br />– Call +1-800-351-0557<br />
  7. 7. COMPETITION<br />Every business whether big or small, has competitors. <br />It is essential to describe briefly about your competitors in a business plan. <br />Many entrepreneurs make a big mistake by thinking that they don’t have competitors.<br /> – Call +1-800-351-0557<br />
  8. 8. Mistakes and errors<br />It is necessary to proofread business plan after completing it successfully. <br />Proofreading will help you get rid of all the errors and mistakes you made while writing business plan. <br />Include each and every thing you think an investor wants to see in your business plan otherwise they will not take your business plan seriously and your plan will get covered with dust.<br />Include everything from company overview to financials.<br /> – Call +1-800-351-0557<br />
  9. 9. THE <br />END<br /> – Call +1-800-351-0557<br /><br />To view some sample business plans, please visit:<br /><br />