Fremont: You do a lot of research and analysis before you pen your resume for an interview. You read to know the current trend in the market, you ensure that none of your essential skills are left behind, and try to figure out what the employers are looking for in a resume. You take so much of pain to just jot down about yourself, then why loose the call when trying to raise fund. Startup entrepreneurs tend to make several mistakes while preparing the business plan and miss the chance of grabbing the attention of the investors. A good business plan is often a crucial first step to getting your startup off the ground. It helps you raise fund, recruit members of your management team, set your marketing strategy and refine your thinking. Below mentioned are few such mistakes.

Measuring The Financial Projections Too Optimistically

One of the most crucial concerns of the potential lenders and investors is whether there is a real market for the proposed goods or service. Although, it may seem impressive if the startup entrepreneur projects vast markets and the potential for huge sums of revenue, outsize financial estimates often appear gimmicky to investors. Big numbers often makes them sound as if they do not know the how hard it will be to penetrate the target market. Every startup seeking fund must incorporate into the business plan a description of the company’s target market and its characteristics. Defining the potential market is one of the most important and difficult part of a business plan. It focuses on the steps taken by the entrepreneur to turn his idea into a product or service customers will want to buy.