What Are the Risks of Not Having a Comprehensive Plan?
The risks include: - Inaccurate Financial Projections: Incomplete financial forecasts can result in cash flow issues. - Poor Market Understanding: Insufficient market research can lead to ineffective marketing strategies. - Inadequate Risk Management: Failing to identify potential risks can result in unpreparedness for crises. - Operational Inefficiencies: Overlooking certain operational details can cause inefficiencies and increased costs.