ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Ignoring competition is a mistake you should avoid making when creating your business plan.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -A business plan is a very important and strategic tool for entrepreneurs. A good business plan not only helps entrepreneurs focus on the specific steps necessary for them to make business ideas succeed, but it also helps them to achieve short-term and long-term objectives.
Detailed explanation-2: -The biggest mistake you can make when preparing a business plan is failing to have a clear business vision. So the answer is d option. Vision is a statement about the future view of the business that will be undertaken, what the goals are, and what you want to achieve later.
There is 1 question to complete.