Posts Tagged ‘business plans’Ten Common Mistakes Writing a Business PlanJune 28th, 2011Hi All! Inc. Magazine (online version) published a great article entitled: Top 10 Mistakes Entrepreneurs Make When Writing A Business Plan. I’m going to keep this post short because you can click on the article link to read the details. But I will say that I am amazed at how many new clients come to me (small business owners, coaches, consultants, etc.) who are launching a new business, or currently have one, but never drafted even a basic Business Plan. It’s a step many people want to skip but it’s critical to the success of their company! You wouldn’t sail around the world without a map as your guide…why would you invest your money, time and energy into starting or running a business without a road map to guide you? That said, here’s the short overview that sets-up the article: Writing a business plan is often a crucial first step to getting your start-up off the ground. A good plan can help you raise money, recruit members of your management team, set your marketing strategy and, perhaps best of all, refine your thinking. A plan riddled with errors? That can sink you. Here are 10 mistakes that entrepreneurs frequently make when crafting their business plans, according to Akira Hirai, a consultant in California who advises start-up companies on elements of business-plan writing, including competitive analysis and financial forecasting. Click here to read the Top 10 Mistakes now! Cheers! Lisa P.S. Visit my Fan Page for more marketing, branding, PR, sales, social media and business building tips and resources! |