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:
- 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
2Comments:
The link is broken!!
Commented by Anonymous, 8:14 AM
Link updated. Thanks for noticing!;)