Mistakes to avoid in your business plan

Weak points in your business plan can be avoided. Consider the following criticisms frequently given by banks:

  • The drafting and structure of the business plan are not directed at the reader (do not meet formal requirements, terms are incorrectly used or poorly explained)
  • The business idea, the entrepreneur’s intentions and the application for financing are not clearly set out
  • Essential passages are omitted (competition, marketing, finances)
  • The business plan contains contradictions (confusion between hopes and reality)
  • The planned profit and loss statement and planned financing do not match
  • The plan does not contain multiple proposed scenarios (optimistic, realistic, poor)

Last modification 15.02.2020

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