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7. Take Off the Rose Colored Glasses
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Source:
By using a good business plan guide, and avoiding these common mistakes, you can prepare a plan that almost guarantees your business success. Good luck!

5. Don't Over Sell.
Skip the vague and meaningless business phrases such as "best ever", "highest [url=http://www.mastercyid.it]moncler outlet[/url] quality" and "unsurpassed customer service". You will lose your reader's interest and respect if you engage in hyperbole that isn't supported by measurable facts. Remember that the objective of a plan is its results, which require tracking and follow up. Focus your goals on specific dates, management responsibilities, budgets, and measurable milestones. Think fewer words and more numbers.

2. Don't Confuse Profit With Cash Flow.
Unless you have an accounting background, you are very likely to define the success of your business in terms of profits. A simple definition of Profit would be Sales minus Expenses equals Profit. But in the business world, profits do not equate to cash. Your profit formula does not take into account the amount of cash you have tied up [url=http://www.orlando-apts.com/cheapnfljerseys/]cheap nfl jerseys[/url] in production costs for products that have not yet sold, or the customers who still [url=http://www.belindadavenport.co.uk]barbour factory shop[/url] owe you money for sales that have already been made. Your business can look quite "profitable" while your bank account is over-drawn.

1. Don't Put it Off.
Yes, writing a business plan can be a monumental chore. It's easy to procrastinate while you focus on the more exciting processes of your business. Many new [url=http://www.tileproject.net]barbour sale[/url] business owners will wait until the day before their scheduled meeting with the bank -- and then frantically try [url=http://www.mastercyid.it]piumini moncler outlet[/url] to write a [url=http://www.golfwithashotgun.co.uk]barbour[/url] plan overnight. You can imagine the results.

Instead of waxing poetically about your business idea, focus your energy, and your reader's eyes, on the ways you plan to implement [url=http://www.crazy-diamond.it]woolrich sito ufficiale[/url] this great business idea.
Article Tags: Business Plan Guide, Business Plan, Plan Guide

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Don't wait until you have more time. There will never be more time. You need to clear your calendar for a week and make your business plan a top priority. Or if that isn't feasible, schedule a certain period of time each day to work specifically on planning. No doubt you have heard the old saying: "If you fail to plan, you are planning to fail".
4. Don't Succumb to Fear and Dread.
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6. Don't Engage in One-Size-Fits-All
Business plans can have many different purposes and they should be written to reflect the specific purpose at hand. You may be using your plan to start a business, or just run a business better. Your purpose may be simply to sell an idea for [url=http://www.lotogame.fr/hollisterfrance.php]www.lotogame.fr/hollisterfrance.php[/url] a new business to one particular business partner. Your plan may be intended to secure a small business loan, or it may be needed to secure millions of dollars of venture capital. Each of these purposes would require different information, presented in different [url=http://www.teatrodeoro.com/hollisterde.php]hollister deutschland[/url] ways to meet the needs of different readers. Keep a picture of your intended reader firmly in your mind and your business plan will stay focused as well.

Make sure your business plan includes a table that addresses cash flow. Ideally, you should detail the monthly cash flow for the first two years of the business and annually thereafter.
3. Don't Fall in Love With Your Idea.
Too many business plans blabber on for pages about the "newness" and "uniqueness" of the idea. But the truth is, investors want to invest in people, not ideas. It is only the people who can execute the systems necessary to bring the [url=http://www.riad-marrakesh.fr]www.riad-marrakesh.fr[/url] idea to life.

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