BUISENESS MANAGEMENT
BUSINESS PLANNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What’s the biggest mistake you can make when preparing a business plan?
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Failing to include at least one appendix
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Not telling a compelling story
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Misrepresenting facts
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Failing to have a clear vision of the business
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Explanation:
Detailed explanation-1: -One of the biggest mistakes made in business plans are unrealistic financial projections. The assumption that a start-up business will immediately be profitable is often a naive mistake made by beginning entrepreneurs. Most start-up companies should anticipate being “in the red” for at least the first year of business.
Detailed explanation-2: -Which of the following is a common mistake made with regard to developing a business plan? The entrepreneur not personally investing in the new venture.
There is 1 question to complete.