Common Mistakes in Preparing Business Plans

Dec 17, 2025

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In this chapter, we explore common pitfalls in preparing business plans that can hinder success. Key mistakes include projecting exaggerated growth levels, attempting to be a jack-of-all-trades instead of focusing on core competencies, and claiming performance metrics that surpass industry averages, which can lead to credibility issues. Additionally, we discuss the critical error of underestimating the necessary capital required to sustain business operations and growth. Avoiding these mistakes can enhance your business plan's viability and attractiveness to investors.

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Common Mistakes in Preparing Business Plans

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Common Mistakes in Preparing Business Plans Chapter 5
Projecting Exaggerated Growth Levels • Trying to Be a Jack-of-all Trades • Claiming Performance That Exceeds Industry Averages • Underestimating the Need for Capital

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Very often while communicating with people who has English as a second language background we noticed that people are making grammatical mistakes unknowingly. Some time it's the use of past tense where as they mean to say something about present tense, sometimes they use future tense whereas they mean to say about past tense visa versa. It also indicates that they use wrong synonyms for the required situation less exposure to the vocabulary could be the reason for it. Due the mother tong influence speaker use wrong pronunciation even though they are well educated they use wrong stress and intonation in their communication. This paper will discuss about the general and unnoticed verbal mistakes done by mistakes and the solution for it. Humera Nafees "Common Mistakes in Communication" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-4 , June 2018, URL: https://www.ijtsrd.com/papers/ijtsrd14598.pdf Paper URL: http://www.ijtsrd.com/humanities-and-the-arts/english/14598/common-mistakes-in-communication/humera-nafees

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