BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Why do you need a business plan?
|
|
To explain your idea
|
|
|
the ability to get financing.
|
|
|
it’s a road map that sets objectives and goals for the business.
|
|
|
To help reduce the risk of business failure.
|
|
|
All of the above.
|
Explanation:
Detailed explanation-1: -A good business plan guides you through each stage of starting and managing your business. You’ll use your business plan like a GPS for how to structure, run, and grow your new business. It’s a way to think through and detail all the key elements of how your business will run.
There is 1 question to complete.