ENTREPRENEURSHIP

Detailed explanation-1: -The primary concerns when first starting your business are: financing and planning.

Detailed explanation-2: -Business plans help establish specific steps that companies must take to start their business and promote their success. Business plans are also important because they: Provide insight as to what resources the business needs to reach its goals. Establish a clear timeline of when a company can expect to achieve goals.

Detailed explanation-3: -A business plan includes the cost of organizing the business, the anticipated sources of revenue, how the products and services are customer oriented, and anticipated profit margins.