Emerging Tech

5 Biggest Mistakes Made In Writing Business Plans

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Executive Summary

A business plan is your roadmap to success. It illustrates your entrepreneurial concept and provides the best way to optimize your resources. Yet entrepreneurs often commit five common mistakes which are mentioned in this paper when they put their business ideas on paper. Although the core is the same, the plan should be written differently for banks, equity investors, or for use inside the company by the Board or for employees. Go as far as you can to tailor each plan to the audience's specific interests to show you've done your homework and know whom you are talking to.

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