Q21
What’s the biggest mistake you can make when preparing a business plan? [1 Mark]
Expert Answer
Answer:
Biggest mistake made when preparing a business plan:
The biggest mistake is not having a clear business model.The Business model is a plan for generating revenue and make the business a successful one with profit.So if the business model is not suitable for the business then all the operations will lead to failure inturn will lead to loss in business
Ignoring market reality is another mistake made when developing a business plan.Market reality and the competition has to be considered in the business plan.The business
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