Asked by Chris Spray on Feb 18, 2024
Verified
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.
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
RD
Robin Dunlap
Feb 18, 2024
Final Answer :
A
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.
Learning Objectives
- 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.
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