Common Business Plan Mistakes You Need To Avoid
Posted by William C on February 7th, 2011
In the more than 30 years Ive been involved with business planning, Ive seen styles and fashion of plans change a lot, but the fundamentals remain fairly constant. To help you craft a plan that hits all the right notes, heres a list of some of the more common business planning mistakes you should avoid:
1. Dont put off writing a plan. Dont wait until you have enough time, dont wait until you have the right people, and definitely dont wait until theres an urgent reason you suddenly need a plan. Instead, just do it now. Recognize that you need a business plan and that your first step is to prepare your first plan. Get a draft up and running and then continue updating it to keep it current with your business. Of course, youll soon realize that your plan may never be done, but the important thing is, youre planning.
You should always be planning your business.
2.