Asked by Jordan Adams on Feb 18, 2024
Verified
An entrepreneur must create a single business plan that will work for all audiences.
Entrepreneur
An individual or a group who creates something new—a new idea, a new item or product, a new institution, a new market, a new set of possibilities.
- Identifying the different stakeholders and their specific needs and interests
- Recognizing the need for flexibility and adaptability in business planning
- Understanding the importance of tailoring business plans to different audiences
Verified Answer
AS
Angela Schyrelle
Feb 18, 2024
Final Answer :
False
Explanation :
While a business plan is important for obtaining financing and outlining the strategy and goals of the company, it should be tailored to the specific audience it is intended for. For example, a business plan that is presented to potential investors may focus more on financial projections and ROI, while a business plan presented to potential employees may focus more on the company culture and opportunities for career growth.
Learning Objectives
- Identifying the different stakeholders and their specific needs and interests
- Recognizing the need for flexibility and adaptability in business planning
- Understanding the importance of tailoring business plans to different audiences