Why Do Entrepreneurs Make Overly Optimistic Projections?
Several factors contribute to this phenomenon:
1. Passion and Vision: Entrepreneurs are often deeply passionate about their ideas and may believe that their product or service is revolutionary. 2. Lack of Experience: Inexperienced entrepreneurs may not fully understand market dynamics and may overestimate their potential. 3. Investor Pressure: To attract [investors](https://), entrepreneurs might present overly positive projections to demonstrate high growth potential. 4. Confirmation Bias: Entrepreneurs might only seek out information that supports their optimistic views, ignoring contradictory data.