Top 4 Economic Predictions for your Business Plan in 2014

No. 4: Learn what your business can do and what it cannot do

One of the biggest pitfalls entrepreneurs have to learn to avoid in 2014 is taking up more than their business can handle. What will define your success in the year to come is setting up a strategy that ensures your business can reach the goals you have set for it. The best strategy involves saying “yes” to actions that are possible and achievable and saying “no” to all others.

Much too often, entrepreneurs make the mistake of not saying “no” when they need to. No one business can be everything to everyone, so make sure that your business plan in 2014 is not so broad that it encompasses unrealistic goals.