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| Mistake 3 - Don't research & identify all of your costs!
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Mistake 1 - Don't research your market thoroughly
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Mistake 2 - Make it difficult to understand your business and marketing plans!
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Mistake 3 - Don't research & identify all of your costs!
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Mistake 4 - Don't identify the skills / roles you need
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Mistake 5 - Under-estimate your competitors!
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Mistake 6 - Spend a lot of money on a smart office
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Mistake 7 - Fail to work out how to make money from your business
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Mistake 8 - Don't listen to your professional advisers
Killer Business Mistakes
Mistake 3 - Don't research & identify all of your costs!
Don't research & identify all of your costs!
Tip 5
Back up your expenses with evidence.
How?
Ask suppliers for copies of quotations, price lists, leases etc. Cross reference them to the list of costs in your plan. This makes it easier for you to remember how you calculated your costs - and gives your investors peace of mind that your cost estimates are accurate.
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