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Ten Common Mistakes Writing a Business Plan

Hi 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

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