ENTREPRENEURSHIP

Detailed explanation-1: -As an entrepreneur, having a business plan helps you define and focus on your business ideas and strategies. You not only concentrate on financial matters but also on management issues, human resource planning, technology, and creating value for your customer.

Detailed explanation-2: -Business planning process usually involves the following steps: define business goals, conduct market research, identify resources, develop strategies, create a business plan, implement the plan, evaluate and adjust.

Detailed explanation-3: -Writing an entrepreneur business plan can help you think deeply about your business and the strategic steps you will take to achieve your goals. The plan can crystallize your idea and affirm the amount and type of funding needed to start and grow your venture.