ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Gaining publicity
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Finding new employees
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Avoiding deadlines
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Generating new ideas
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Detailed explanation-1: -Increased Clarity. A business plan can bring clarity to the decision-making process regarding key aspects of the business such as capital investments, leases, resourcing, etc. Creation of a Marketing Roadmap. Support for Funding. Helps to Secure Talent. Provides Structure. 24-Oct-2020
Detailed explanation-2: -The purpose of a business plan is to help articulate a strategy for starting your business. It also provides insight on steps to be taken, resources required for achieving your business goals and a timeline of anticipated results. In fact, businesses that plan grow 30% faster than those that don’t.
Detailed explanation-3: -Explanation: A business plan is an essential document that helps the organization to establish a proper “road map” to follow. It provides various business opportunities to other stakeholders and potential investors.