10 Business Planning Mistakes You Should Avoid
Friday, July 22, 2005
Excellent article from Entrepreneur on business planning. Here's a list of some of the more common business planning mistakes you should avoid:
Full article: 10 Biz Plan Blunders
Technorati tag: Business Planning
- Don't put off writing a plan.
- Don't confuse cash with profits.
- Don't dilute your priorities.
- Don't overvalue the business idea.
- Don't confuse a plan with the act of planning.
- Don't fudge the details in the first 12 months.
- Don't sweat the details for the later years.
- Don't create absurdly optimistic "hockey stick projections" of sales taking off in the near future.
- Don't write too much.
- Don't sweat the formatting details.
Full article: 10 Biz Plan Blunders
Technorati tag: Business Planning
Business Plan Template - from Microsoft
Tuesday, July 05, 2005
Writing a business plan is one of the most important tasks in the process of doing a startup. While some might get away with explaining the business on a cocktail napkin, the others need to think through what investors will be asking.
Yet another business plan template, this time from Microsoft, in the popular MS Word (97 or later) format to help you out with composition of a generic business plan.
Technorati tag: Business Plan Template
Yet another business plan template, this time from Microsoft, in the popular MS Word (97 or later) format to help you out with composition of a generic business plan.
Technorati tag: Business Plan Template