Business Plan Mistakes #1: Getting Too Detailed

Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Business Plans and other Entrepreneur topics.

What Pitfalls Can I Avoid with my Business Plan?

Business Plan Mistakes #1: Getting Too Detailed

Whether you're writing your business plan for investors or for yourself, don't get too detailed on how your product or services works. The focus of your business plan is how your are going to make your product or service profitable, how it will attract the quantity of clients necessary for business growth. So spare the specifics on your product or service and talk about how you are going to monetize it.

   

Comments

Nobody has commented on this tip yet. Be the first.



Name:


URL: (optional)


Comment:


Not finding the advice and tips you need on this Entrepreneur Tip Site? Request a Tip Now!


Guru Spotlight
Carma Spence-Pothitt