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small-bizXpress

Articles and opinions on small business and entrepreneurship

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
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2Comments:

The link is broken!!
Commented by Anonymous Anonymous, 8:14 AM  
Link updated. Thanks for noticing!;)
Commented by Blogger Daniel Neamu, 9:14 AM  

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