ENTREPRENEURSHIP

Detailed explanation-1: -The business plan should be prepared by the entrepreneur; however, he or she may consult many sources. Lawyers, accountants, marketing consultants, and engineers are useful supplemental sources.

Detailed explanation-2: -The person or persons responsible for implementing the plan should be heavily involved in its development. Some people hire consultants or have employees draft the plan. If you’re going to be accountable for the decisions that will be based on the plan, then you need to be involved in its development.

Detailed explanation-3: -Business plan consulting providers help businesses write, edit, and refine their business plans. Businesses are typically assigned a team or sole consultant to guide them and collaborate during the writing process.

Detailed explanation-4: -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.