Galicia Gordon on Leading Learners Blog

Feb 13, 2022

Why Student Entrepreneurs Need To Be Careful Of Inconsistencies In Their Business Plans

Your business plan exists to give the incentive to trust you, your people, and your product/service.

By having mistakes present within your business plan already, it becomes difficult for the general public, venture capitalists and investors (or even your target audience) to trust and confide in your words to expand your reach and your put trust into your reliability.

The emphasis on different target markets, the quotation of conflicting statistics, or competing strategies within a plan challenges investors to know well enough about their business and market.

If you have data of your business plan often written on various days or by various people and then pasted into a single document, it causes inconsistency and incoherence.

In order to avoid this, it is truly important to take the time to review your business plan and dedicate precious time to each section’s credibility and cohesion.

For some beginners who are completely new, a copywriter or business analyst might be a good suggestion as well.

Do your research and come prepared.

But remember, as a student, you have the ability to always find your first business mentors in the hallways of your school.