Business Plans: The Second Biggest Mistake Entrepreneurs Make With Their Business Plan For Their Start Up Company
This one mistake is so critical that it jeopardizes the immediate survivability of your start up company - even before you get started.
What is the second biggest mistake?
Many cost-sensitive entrepreneurs depend on number crunchers, bean counters and newly minted MBAs for their projections - just to save a few dollars.
New start up CEOs doom their new company by pinching pennies in the wrong place. Instead, what they need are pivotal insights from experienced consultants who can provide the guidance the entrepreneur needs for producing a realistic, genuinely implementable business plan.
Your business plan is not some academic document - instead, it is your crucial road map to successful implementation of your vision for your new company.
The most important part of any business plan is the detailed financial projections that are the basis for the entire business model of every new start up company. There are four sets of underlying assumptions that drive all the projections: (more…)





