A lot of those mistakes (most of them, in fact) are the result of poor planning.
Bad location, a marginal niche, having no specific user in mind, raising too much or too little money--all of these issues can be prevented or at least mitigated with good planning.
Creating your business plan is more than just getting your ideas down on paper for potential funders to see.
It's an exploratory process in which you can evaluate your options, test your assumptions about your idea, and even discover new opportunities.
This e-commerce based advertising model - like every other ad on our article pages - has no impact on our editorial coverage.
Reporters and editors don't add those links, nor will they manage them.
The business plan outlines in specific terms the financial objectives of your business, and how it will position itself to achieve those goals in the context of the current market environment.
In addition, the business plan is an indispensable tool to attract business capital.
In other words, no one is telling our reporters or editors what to write or to include any particular positive or negative information about these products or services in the article.
The article's content is entirely at the discretion of the reporter and editor.
Comments Micro Business Plan
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