What are the top ten Don’ts for a business plan?

1 ANSWERS

1. Guest3758
   

   Be optimistic (on the high side) in estimating future sales.
   Be optimistic (on the low side) in estimating future costs.
   Disregard or discount weaknesses in your plan. Spell them out.
   Stress long-term projections. Better to focus on projections for your first year.
   Depend entirely on the uniqueness of your business or the success of an invention.
   Project yourself as someone you're not. Be brutally realistic.
   Be everything to everybody. Highly focused specialists usually do best.
   Proceed without adequate financial and accounting know-how.
   Base your business plan on a wonderful concept. Test it first.
   Skip the step of preparing a business plan before starting.

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