5 Common Business Plan Mistakes that Students must Avoid!

thumbs up

Ease your homework burden with top-notch Online Homework Help. Say goodbye to deadlines stress and let our expert tutors handle your assignments effortlessly.

Focus on what truly matters while we handle the rest.

Rate this post

So, you are a student of business and management studies? Then you certainly have a bright career ahead, provided you do well in your studies! But, business studies require a number of skills and expertise, so that a business indeed runs well. Do you have them?
Well, the good news is, skills can be developed. You only need to know how to sharpen them.
Students often face trouble in making the business plans. However, it is the most important document in a business development. As students, you will have to do many homework and projects or assignments on making business plans as a part of your course. There are a number of mistakes that as a student you might make. Here are a few common mistakes that students must avoid, while making business plans.

  • Poor writing style:

You don’t have to complete an English Major course for writing a business plan. But with spelling errors, grammar errors and punctuation errors, the investors might think there is a lot of problem going on in the business plan and the business itself.
In the beginning of my career, I wrote a business plan for an unconventional business concept. The investor was a conservative one and still chose to invest on the business because the plan was influential enough, crisp, confident and authoritative throughout. The clean and formal language that I used, worked really well and since then, I realized how it should be like.

  • Incomplete business plan:

Before you delve deep into this factor, it is a must that you understand the aim behind writing a business plan.
They are meant to give a clear concept about your business mission, vision and goal and also the strategies that you are going to take in order to achieve your goals. Depending on these factors, the trustworthiness of the investors will grow. If the investors find that the plan sounds and clearly shows promising outcomes, they would proceed to invest upon your business. If they don’t, they won’t invest.
What a business plan must have?
Hence, your plan should clearly talk about all the necessary aspects of your business pursuit. These include –

  • Products and services
  • Customers
  • Sales and marketing
  • Management team
  • Operations
  • Competitors
  • Financial investments and plans

Based on different business markets, the growths and shrinks must also be charted in the plan. In case of financial matters, cash flow, balance sheet and income statements of at least 3 years, must be mentioned.

  • Poor presentation:

In the last 7 years of my career in the field of writing business plans for many clients, I have seen trainees and interns making too many mistakes. They indeed work hard in collecting data, making charts and in jotting down everything together to give it a complete meaning.
But, to my utmost wonder, I find them making poor mistakes such as –

  • Making tables without headings
  • Putting incorrect units in charts
  • Missing out tables and charts
  • Missing page numbers
  • Typing pages without margins

These have a very poor impact on the investors. Students should be very careful about these and that too right from the beginning of their career.

  • Too many details spoil the mood:

This is very important. Always follow this religiously –
Your business plan should be easy enough to understand even for a high school educated, reasonably intelligent investor!
If it is too detailed, with too many technical terms, you might have to rewrite it.
There should be a clear division of the plan –

  1. An executive summary – 2 to 3 pages long
  2. The plan – 10 to 20 pages long
  3. Appendix – As long as you wish.

The Summary part should give an overall idea or brief of the plan, but there should not be used too many proprietary information in case you do not want to disclose them. The Plan itself should be detailed, but not have too many technical terms that might make it difficult for the investors to understand or break the flow of the idea. The Appendix part can have all the necessary technical terms and details as you wish to add, to show that you know what you are talking about.

  • Claiming that you have no competition:

This is quite incredible that you think or believe that you have no competition in the market. Well, the truth is, though I might sound rude, you do have competitors – either direct or indirect!
Writing in the plan – “We have no competitions!” is a very overrated statement.
Even if you think so, you need to mention in the business plan, how you intend to tackle your rivals and competitors, when you become successful.
Learning to write a business plan:
Writing a business plan can be a daunting task, I would not disagree with it. And for beginners or students, who are just learning about these, it can be quite problematic. In that case, having a guide or some experts to guide you about this is indeed quite helpful. There are online academic help services that help students from different business, management or other streams in learning well and doing their projects or tasks for them.
You can hire them to write down a business plan for your project or homework assignment and they will help you to know how it works. With their support and guidance, you will be able to understand how a plan for a business can be written. What makes them really helpful are –

  • They maintain the desired tone for different businesses and different plans.
  • They help students to understand how to do research work for getting data for charts and tables.
  • They help in understanding the flow and language.

As an adjoining subject, you can also get help regarding economics from Get effective tips from your teachers to do Economics homework easily.
For students, this can be really helpful. During the final years of my college, I hired a few of these academic help services. I would not lie, I have learned a lot from them and the skill that I have developed now, owes much to them. I often recommend students to seek help from them so that they never make these mistakes. Why not learn well from the beginning?

You May Also Like

How We Help With Homework

Our Workflow

trustpilot ratings


trustpilot ratings


trustpilot ratings


Step 1

Submit your homework

  • Describe your task requirements, and set the deadline using our online form.

Step 2

Connect to qualified tutors

  • Receive instant quotes from experts. Pay using secure payment gateways.

Step 3

Get accurate solutions

  • Receive plagiarism-free solutions in your mentioned deadline. Unlimited free revisions included.

  • NHonest Pricing
  • NBetter Grades
  • NMoney-back Guarantee

High Student Satisfaction

70% Repeat Customers

help with homework

Frequently Asked Questions (FAQs)

Our Answers to Your Questions


How do I submit my assignment?

Getting assignment help is very simple with us. Students can either send us the homework via email or they can upload it to our online form here. For a quicker response, You can also chat with us at WhatsApp and submit homework directly. You are sure to get a response from our side within 10 minutes. You can pay for your order using secure PayPal or major credit card gateways.


Who will do my homework?

All our tutor experts are highly qualified professionals – holding at least Master’s degree in their fields. Currently, our tutor pool is made of 400 subject-specific experts.

Each expert has been individually chosen after a series of rigorous screen tests, which involves credential checks, work history analysis, writing sample assessment, and one-on-one interviews.


How much will my homework cost?

Each assignment is quoted a unique price. It is based on (i) complexity of task, (ii) your deadline and (iii) tutor’s estimate of the time it will take them to complete your homework. There are no obligations, and you are free to discuss the price quote with the tutor.

We also accept partial payment to start working on your assignment help. You can pay the remaining amount when your task gets completed. No pressure of up-front payment. No hidden order costs. We do not have a monthly fees or minimum payments for services.


Can I pay someone to help me with my homework?

Yes, you can pay online tutors for homework help. There is nothing wrong with asking for help from trained and professional subject tutors to clarify doubts regarding any assignment or coursework.


What mode of payment is acceptable?

There are several ways to pay for homework help:

  • Credit/Debit Card: You can use your credit or debit card to make a payment online. We accept VISA/MASTERCARD/AMEX.
  • PayPal is a secure online payment service that allows you to pay for essay writing services using your account balance or linked bank account.


Can I chat with my tutor?

Using our secure chat board, you can now chat directly with your assigned tutor. The chats are encrypted both ways to secure your privacy. This makes your contact with the tutor directly & confidentially, so you can better explain any requirements or changes if needed or just need updates.

You can't contact the experts outside of chat board platform. Sharing any personal information, including but not limited to contact information, goes against our Terms and Conditions and therefore may result in permanently blocking you from the platform. We take any personal data very seriously and we do it for the safety of our users.

Know more about chat board here.


Can I get free online homework help?

Our homework services are not free because we provide customized, high-quality homework solutions. We have a prepaid system that ensures professional homework helpers are paid fairly for their work and time. We believe that the value of their expertise and the effort they put into crafting each assignment justifies the cost of our service.

Is My Homework Help Legit?

My Homework help is absolutely legit! We are the leading providers of college homework services since 2012. We connect you with experienced tutors for your assignment and make sure you get completed answers before deadline. Our guarantee is high-quality assignment solutions or your money-back. It’s that risk-free! Furthermore, everything about you is kept confidential.


Can I trust you for homework help?

My Homework Help is absolutely reliable. Students of the world's top universities use our services and 50% of our customers are repeat customers. Our ordering process is very simple & transparent. There are no hidden fees or subscription anything like that. You can also request a refund if you think that our expert wasn’t able to meet your requirements. Your prime satisfaction is our end goal!

Know more - How it works


What about privacy & confidentiality?

Using My Homework Help is absolutely safe. We care about your security, therefore we encrypt all personal data to make every user feel safe while using our services and we don’t share any personal information with any third parties without your permission. Your credit card information is not stored anywhere at My Homework Help, and use of PayPal relies on their secure payment networks. Your identity, payment and homework are in safe hands. You can always be certain of getting professional help and remaining anonymous, while using My Homework Help.