Data Management

Top 3 Startup Business Plan Mistakes To Avoid

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Executive Summary

Would-be entrepreneurs get business plans turned down by funders every day. This paper mentions and explains about some of the key mistakes which set off alarm bells in the minds of funders. Writing that your business has no current competition sounds like the description of an ideal situation, but once you consider what this means you can understand why funders don't want to hear this. Focusing on the immediate returns that a business can earn from a new product before direct competitors enter the market can be a mistake if not coupled with a description of how these short-term profits can be used to transform the company into a going concern.

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