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Writing a business plan is seen as being a hugely daunting task for anyone new entrepreneur looking to get started. Many people will put off this matter time and time again, as they attempt to wait for the perfect moment to write it, but will eventually still get it wrong.
A business coach today commented to his members about the most common mistakes that need to be avoided at all costs when drawing up a business plan. By understanding these crucial points it is possible to go ahead with a higher level of confidence.
Craig Ridley, who is the Founder of YourBusinessCoachingClub, discussed several of the main issues that stop business plans from being successful. He pointed out that “staying clear of these problems gives a new business a far great chance of making a good start in the world”.
The first point covered is that of making it too long, as this will reduce the chance of people reading it. Following on from this is the error of paying a consultant a lot of money to produce the business plan.
Another mistake that too many businesses make is that of not mentioning the management team together with the qualities that they bring to the project. Finally, the issue of adding unrealistic projections to the plan is another thing to be avoided.
Mr Ridley summed up by mentioning that preparing a solid, professional business plan doesn’t have to be a major hassle. Instead, he called it “that exciting stage when the new entrepreneur finally begins to see their ideas take shape”.
YourBusinessCoachingClub is a ground-breaking online business coaching club that brings together tailored business coaching and a worldwide network of entrepreneurs. With a low daily cost of 50 cents, YourBusinessCoachingClub is a viable option for business owners from all walks of life.
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