UK adults check their phones up to 80 times a day, according to research…
So why does anyone think a 100 page business plan is going to capture the attention of anyone who needs to read it?
But let’s assume your business plan is straight to the point – why else do business plans fall short?
1️⃣ Not enough attention to the exit strategy. Know your end game.
2️⃣ Not realistic. Unachievable objectives or overestimated potential.
3️⃣ Out of date. A dusty old business plan is no use to anyone. Keep the business plan short, sweet and easy to refresh.
4️⃣ No input or sanity-checking sought from investors or M&A specialists.
5️⃣ Poor execution. The document remains a document and not a plan.
A well-executed business plan can be the key to unlocking the true potential of your business – and provide a clear path to a successful exit.