Asked by Chris Spray on Feb 18, 2024



Why might an entrepreneur write a simple business plan only for themselves?

A) It's a good way to thinking about things they may not have thought about before.
B) A full plan is useless.
C) It saves time.
D) They may be unfamiliar with other plan types.

MVP (Minimum Viable Product)

A version of a new product that allows a team to collect the maximum amount of validated learning about customers with the least effort.

  • Identifying potential gaps or areas of improvement in their business idea.
  • Clarifying their goals, objectives, and strategies.
  • Assessing the potential risks and challenges they may face.

Verified Answer

Robin Dunlap

Feb 18, 2024

Final Answer :
Explanation :
Writing a simple business plan for oneself is a good way to brainstorm and consider aspects of the business that may not have been previously considered. It can also provide structure and direction for the entrepreneur's goals and strategies.