Business Plan Mistake #11 – Failure To Communicate

by Feb 22, 2010Strategy | Entrepreneurship

I know when I started this series two weeks ago, I promised the Ten Mistakes Small Business Owners Make. But if you jumped to the original article, you know there are really 11 items on my list.  This final element is probably the most crucial for your success.

 Business Plan Mistake # 11 – Failure to Communicate

While not directly a part of your document, poor communication can have a detrimental affect on your business. As you write your plan, involve anyone who could be affected by the plan.

Seek advice from people you respect. Talk to employees, family members, business partners, and advisors, such as your accountant and lawyer. Ask their opinions and communicate your goals. It is easier to steer a boat if everyone is rowing in the same direction.

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