Sales Strategy

Seven Flaws That Can Ruin Your Business Plan May 11, 2016 (0 comments)

New York, NY—Whether you’re creating a plan to add a store or e-commerce platform--or just want your business plan to ensure the store you have stays profitable—seven flaws in your business plan can derail the best of intentions.

This article on Entrepreneur.com says one flaw in your plan won’t kill your business but they can add up to enough problems to sink your profits. They are:

1. Neglecting cash flow.
2. Putting too much emphasis on your central idea.
3. Not being specific enough.
4. Creating unrealistic models.
5. You haven’t prioritized.
6. You haven’t done enough quantitative research.
7. Your plan is sloppy or disorganized.

Read details on each here.

Top image: locallendersinc.com