![]() Make sure to read research reports and industry news. If you lack knowledge about your niche, chances are that it will not thrive. In addition, the investor might not be comfortable with that and decide to exit the investment. Otherwise, it could hinder the ventures’ potential. If the plan isn’t there, the investor could feel that it doesn’t have a strong foundation. Even though it’s primarily for entrepreneurs, the plan must represent the needs of potential investors. It’s the only document that outlines the financial and strategic plan of the startup. There is a very good reason why startup plans are required by a venture in the first place. The most plan doesn’t meet the needs of an investor. Interested in startup resources like these?ġ.Not identifying the strengths & weaknesses Underestimate the work behind setting up a business plan ![]()
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