Asked by Dublin Arrey on Feb 18, 2024
Verified
Experts today are unanimous: the business plan is a critical first step for a successful entrepreneur.
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.
- Understanding the purpose and components of a business plan
- Identifying the key elements to include in a business plan
- Importance of having a well-defined business plan
Verified Answer
YV
Yenisset Valentin
Feb 18, 2024
Final Answer :
False
Explanation :
While many experts agree that a business plan can be an important tool for entrepreneurs, there is not unanimous agreement on its criticality for success. Some argue that flexibility and the ability to adapt to changing market conditions can be more important.
Learning Objectives
- Understanding the purpose and components of a business plan
- Identifying the key elements to include in a business plan
- Importance of having a well-defined business plan