A common mistake in business planning is to purge all acronyms and technical jargon from the plan.

Question

Quizplus · Accepted Answer

It is important to use relevant industry jargon and acronyms in a business plan in order to demonstrate a deep understanding of the industry and convey a sense of expertise to investors and stakeholders. However, it is important to also define and explain these terms for those who may be unfamiliar with them.

A Common Mistake in Business Planning Is to Purge All