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7 startup business plan traps

Published on Nov 18, 2015

Startup business plans: 7 traps to avoid.

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1.

7 startup business plan traps

the unwary will get caught
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2.

#1 start with an executive summary

You cannot write a summary if you have not done the work
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#2 Business plan is vital

  • Is there a problem & do you have a solution?
  • Will your offer deliver real value?
  • Can your business model generate revenue?
  • Do you have the team to do it?
  • With answers, now check them out with a business plan!
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4.

#3 use an expert to write the plan

You are the expert
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5.

#4 costs/revenue

YOU control costs, but the CUSTOMER controls revenue
6.

#5 prototype perfection

clients will perfect the beta version–launch a minimum viable product
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7.

#6 unbelievable claims

"we only need 5% market share..."
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8.

#7 five year forecasts

are pie in the sky
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9.

Avoid the Traps

contact Will Keyser: will@startupowl.com
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Will Keyser

Haiku Deck Pro User
http://startupowl.com