business plans: 7 Critical Errors Made in Business Planning
- 10/25/07 06:20 PM
1) Confusing Goal Setting with Business Planning. Plans are calculated; goals can come from thin air. 2) Excluding Transaction Costs from your Business Plan- The more transactions you do the more money you will spend, your plan should take that into consideration. 3) Omitting Activities from your Business Plan - a Business Plan is to break that income into activities that you will accomplish each and every week. 4) Focusing on GCI (Gross Commission Income)- GCI is not a measure of profitability, it is a measure of gross revenue before split and franchise fees. 5) Paper - A properly constructed business plan should be dynamic … (2 comments)
1) Confusing Goal Setting with Business Planning. Plans are calculated; goals can come from thin air. ;)
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