7 Deadly Sins of Business Plan
Doing or not doing a business plan is like deciding whether to use a map when we use the car for a trip to an unknown place … although we know where we go …
Business plan, as we Virus Entrepreneur says, is an entrepreneur as a road map for the driver.
Business plan is a concise written document prepared by the entrepreneur, or the team, which described the current business, market conditions, actions and strategies for implementation in the future …
But the main value of the business plan is a process of preparation for when the businessman reveals the details and give physical form.
According to Sergio, when creating a business plan, we must avoid at all costs, what is called “Sin Business Plan”:
1. Believe that the plan is the business itself
2. To think that we do not have to do anything to ensure compliance with the provisions of
3. Making the poor (or real) market research
4. Written only by compromise and without conviction
5. By using outdated or unreliable sources
6. Made alone, without taking part in this process, which must implement or someone with more experience
7. That is not realistic and does not allow concrete decisions