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Avoid 6 Mistakes in Business Plans

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For friends or anyone who will be starting a new business, of course, must have a comprehensive business plan. However shape, friends should have, whether in the form that has been recorded or just in the planning in your brain.

A business plan is a very important role when friends are still in the stage of starting a business. How can execute business opportunities, how to determine the strategic move in the face of competition, it all had to be in the business plan of friends.

However, sometimes often happens we often make simple mistakes in drawing up a business plan. And the danger, these are often not aware of. I often look at a couple of friends who are starting a new business, well they are always already have a business plan.

But yes it was, there are some common mistakes that are often made. More specifically, the following are some common mistakes that often occur in the process of preparing a business plan.
1. Short-Term Business Plan

I find this often in business planning someone who is managing a business. Often the friends who still start the stage start working on a business idea. When I idly ask, what about the future, most of them answer that for ya think about tomorrow tomorrow.

Well, this is actually fatal once friends, because a business is built certainly hope will continue to exist in the future. One way to do so must begin now how make strategy fit to face the future.

 

2. Only Have One Business Plan Only

This error is also the majority of entrepreneurs do. Yet in the business world everything is uncertain. Anticipating everything to be done. It is better if in preparing a business plan, always make some plans.

Do not just one course, take into account the possibility that the worst might happen. Then prepare alternative business plan if it really happened. So at least we are not very surprised when bad things happen from time to time.


3. Business Plan Only Limit Internal Only

A business plan is usually only compiled based on data or information that is in the business itself. Or also only in companies that are being built only. We recommend stacking business plan taking into account the level of competition in the real market.

Collect also information about your competitors, how their strategies, what steps they are doing and so on. Completeness of the business plan as this will greatly help ease business trip ahead friends.

 

4. Financial Plan Unrealistic

Business plan in most financial discuss the expectations too high. Quite often calculate gains with scale and less realistic benchmark. For example, if we are able to sell at a price so then we would gain so much and others.

Such calculations are necessary, but also must look reality in the market. Because there will be many variables that can affect your count. Due to the global economic and financial turmoil is beyond us as businesses.

5. Target Market Not Clear In Your Business Plan

In running a business, friends should be clear in the target market. Who is the target to be friends make market share should be clear and detailed. In drawing up a business plan, it is usually often left behind or excluded properly.

So that when the execution phase, there would be confusion on how to determine the appropriate steps. This is because the target market friends unclear and vague.


6. Too High Hope Of A Business Plan

Being optimistic is something to be friends are doing every step of the business. However, a high reliance on a business plan is not a good thing. Why is that, because of hopes too high of only one business plan will make the mind friends stopped at one point only.

It also makes your mind becomes difficult to develop and carry out an analysis of the various possibilities that will come. Then this is also one reason why must have not only a business plan as in point two above.

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