Entrepreneurs are way too optimistic about the early success of their ventures, according to a study from the University of Cologne in Germany. Researchers found that new business owners tend to overestimate their expenses, revenues and profits for the first five years. The researchers said revenue projections were overestimated by an average of 388%.
Entrepreneurs Are Worse At Financial Projections than You Think
Posted by JohnH under StartupsFrom http://www.bnet.com 4728 days ago
Made Hot by: HomeBusinessMedia on May 19, 2011 9:14 pm
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4728 days ago
4728 days ago