Business Intelligence

Business Plan Mistakes

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Executive Summary

Often you may hear about what a business plan consists of. While including the necessary items is very important, you also want to make sure you don't commit any of the common business plan mistakes which are mentioned in this paper. Don't wait to write a plan until you absolutely have to. Too many businesses make business plans only when they have no choice in the matter. Cash flow is more important than sales, profits, or anything else in the business plan, but most people think in terms of profits instead of cash. Plans don't sell new business ideas to investors. People do. The plan, though necessary, is only a way to present information. Investors invest in people, not ideas. Don't overestimate the importance of the idea.

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