Getting a new business off the ground is never easy. Increase your chances of success by avoiding these common business plan mistakes:
1. Giving top-down financial projections
Don’t base your entire business plan on capturing a certain percentage of the market. Your investors will think that you are being far too optimistic, and your chances of raising capital will be scuppered with just one question. What if you don’t achieve that market share? Show your investors you’ve thought about this by explaining exactly how you’ll grow your market share, and giving detailed timelines and projections.
CLICK HERE TO THE OTHER 9 BUSINESS PLAN MISTAKES YOU NEED TO AVOID IF YOU WANT ANY CHANCE OF SUCCESS IN YOUR STARTUP
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