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Most entrepreneurs' business plans are poorly thought out |   |
According to a survey of Investors conducted by Company Partners, most business plans written by entrepreneurs are poorly thought out with significant gaps.
The most common omission was a viable and detailed marketing plan, followed by inadequate financials. Over optimistic assumptions and sales forecasts, with no factual backup was looked upon as a credibility breaker.
In a review of business plan software currently available, Company Partners identified four categories of business plan applications and help that you can get:
- Templates – modify an example plan.
- Applications – input data and build the plan up.
- Applications + expert help (AI type).
- Bespoke plans written by consultants.
All with varying degrees of support/advice either included or as an extra option. The full review can be read at: Business Plan software review
Posted June 13, 2005
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