Lenders and investors may see hundreds of business plans in a single day. Make your business plan stand out against rest, and avoid these common mistakes.

1.Not proving that you have management expertise to make it happen. The quality of your people will lend credibility to your ideas and even to your financial projections. If your management team is not as strong as it could be, join forces with a great board of advisors.

2.Not demonstrating where your revenue will come from - what customers pay you and why they pay you. Don’t be too aggressive in setting revenue projections or you will undermine your credibility.

3.Not proving that your business model and long term cost structure is good enough to make a real profit. How will your business make money - what is your margin structure, what are your costs?

4.Not being clear enough in your product description to allow reader to quickly see need and niche for this product. It may seem obvious to you, but not so to reader not educated in your business.

5.Not proving that market opportunity is big enough to get interested in. How big is your market now and what will it look like in 5 years?

“SECURITY LIABILITIES YOU NEED TO WORRY ABOUT” © 2004 By Gary L. Cunningham, C.P.O.

Why should you worry about liabilities in your business? Well, for one and probably biggest reason, you could get sued for everything you have! But I guess you have insurance for things like that, right? Well, did you know that if you are found negligent in any action, there is a very good chance your insurance carrier will not stand behind you?

That has happened to more people than you think, and then they get to pay all bills like legal fees, court costs and yes final judgment against you.

Just think about it, most lawyers charge an average of $250.00 an hour, then there are court costs, bad publicity a court situation will undoubtedly bring to your business and of course money you have to pay person(s) that filed suit in first place.

WOW, can you imagine trying to pay for a multi-million dollar judgment plus all other costs that you will get hit with! Hope you are saving a lot of money for future and you checked out your insurance in case it is a negligent suit you’re filed with!

So, you are now wondering what is liability? In this article we are discussing liability of security in your business! These are main liabilities you will have in a business when it deals with security issues:

•Negligent Hiring/Retention •Failure to Provide Adequate Security •Failure to Properly Training Security •Premises Liability

So there is a lot you can do for reducing/eliminating these types of liability issues. Preparing for them ahead of time will save you money, time and maybe even your entire company.