Asked by Trevor Chandler on Feb 18, 2024
Verified
Describe why you do or do not believe that writing a business plan would be important to your business success.
Business Model
Describes the rationale of how a new venture creates, delivers, and captures value.
- Identifying key components and sections of a business plan
- Analyzing the potential impact of a well-written business plan on business success
- Understanding the purpose and benefits of a business plan
Verified Answer
SM
Sarah Marshburn
Feb 18, 2024
Final Answer :
It will help clarify the elements of the business.Important research is conducted in the process of preparing your business case and can save the entrepreneur time and money if he or she discovers that the plan is not solid.It may be needed for any pitch to investors.Businesses with plans are more likely to be implemented.However,they may not be needed and the entrepreneur can use the time to gather information and start the business.Research shows that business plans are not correlated with success.
Learning Objectives
- Identifying key components and sections of a business plan
- Analyzing the potential impact of a well-written business plan on business success
- Understanding the purpose and benefits of a business plan
Related questions
Experts Today Are Unanimous: the Business Plan Is a Critical ...
A Plan Is a Written Description of the Future You ...
The Most Complex and Time-Consuming Type of Plan Is the ...
Which Type of Document Describes a Company's Mission,objectives,structure,and Operations ...
Which Part of a Business Plan Looks at Significant Factors ...