Pitfalls You Must Avoid in Drafting Business Plan are challenges of good business plan. This post presents facts on how to avoid pitfalls in business planning of entrepreneurship. Therefore, if you must win your next loan application, here re pitfalls in business plan preparation that almost certainly will result in denial of loan application by banks, you must avoid.

This is educative and rewarding to go through. A lot of people lose out in the bid for loan grants from the bank or investors for common errors. We are taking time to highlight them for you here, so that you can avoid them. This post therefore, is good for fellow consultants and freelance business plan writers. Entrepreneurs who wish to write for themselves should take this as a guide.

I want to say that you must start from a good stand. Make up your mind to write this business plan. Make necessary researches that will make you avoid the following mistakes or pitfalls.

“Rough copy” – this is why I asked your above to make up your mind to write this business plan. Then, take your time to do a neat work and please tidy up before submitting it. Why should you submit a coffee stained copy or one with crossed-out words in the text? Take time to proof read your work, otherwise you will by this action be telling the banker that you don’t take your idea seriously.

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