The Global Entrepreneurship Monitor (GEM) 2023/2024 report, titled “25 Years and Growing,” marks a significant milestone in the study of global entrepreneurship. This annual report provides a comprehensive overview of entrepreneurial activity across the globe, offering key insights into trends, challenges, and opportunities within the entrepreneurial landscape.

In recent years, entrepreneurship has become a global phenomenon, with more people than ever pursuing their ventures. But will this trend continue, or are we witnessing the peak of a temporary wave? The answer lies in examining the driving forces behind this rise and considering how they might evolve.

Creating a business plan is a critical step in launching and growing your business. It serves as a roadmap that guides your strategy, helps you secure funding, and keeps you focused on your goals. However, even the most well-intentioned entrepreneurs can make mistakes when crafting their business plans. These errors can lead to missed opportunities, funding challenges, or even business failure. Here are seven common business plan mistakes and how you can avoid them.