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Fatal Flaws in Your Business Plan

Fatal Flaws in Your Business Plan

Fatal Flaws in Your Business Plan

A business plan is a plan that guides emerging entrepreneurs as they build their new businesses. I taught a 20-week business plan writing course for a women's business development organization affiliated with the SBA. We met for three hours each week, and the students wrote down their plans for each week, and they supervised the study. When testing a business idea, unreasonable expectations or misconceptions may come in and undermine planning. Happiness with that idea can impede a person's ability to see potential obstacles. The following are some situations that entrepreneurs need to be aware of. Unreasonable expectations While it…
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