While many entrepreneurs like to take a hands on approach to every aspect of their business, when it comes to creating a business plan, that is a task that is often best left to a professional from the outside. One of the key components of any successful business plan is accuracy. While few entrepreneurs would ever willfully misrepresent their business, there are many times that errors are made which could have been avoided by nothing more than having an objective set of eyes reviewing everything.
The devil is in the details. The small details are where mistakes are most often made. In far too many instances, these oversights are nothing more than the product of the person preparing the business plan feeling they know their company too well. They fail to double or even triple check their figures. They take for granted that they have the timeline for a new product release represented on paper as accurately as they have it in their mind.
As a comparison, consider this – even great authors make use of an editor. It is easy for an author to read their work over and over again and miss small mistakes because much like a cell phone, they auto-correct in their mind. The paper may read “for boys went hunting”, but in the authors mind they see “four boys went hunting” because their brain knows that is what is supposed to be there. The brain auto-corrects before the error is often ever realized. An editor is objective, sees the error, and makes the correction. Abusinees plan is really no different in that regard. The objective set of eyes see the errors and corrects them. They double and triple check every detail. The end result is a first class business plan.