ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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is useful once your business is operational but not much help during the startup phase
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is not usually needed once the business is up and running
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can serve as a tool for helping a business during the startup phase and for managing your business once it is up and running.
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None of the above
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Detailed explanation-1: -A business plan provides benefits beyond getting financing, dealing with vendors and suppliers, and familiarizing prospective employees with your business. It also serves as a roadmap for the operation of your business.
Detailed explanation-2: -The Working Plan. A working plan is a tool to be used to operate your business. It has to be long on detail but may be short on presentation. As with a miniplan, you can probably afford a somewhat higher degree of candor and informality when preparing a working plan.
Detailed explanation-3: -LivePlan, Bizplan, GoSmallBiz and Enloop all offer great business plan software that can take your business plan to the next level. This article is for entrepreneurs and small business owners who want to know how to write a business plan.