Business plan preparation takes a lot of time, research and commitment. For this reason: a. business plans are only needed when entrepreneurs are seeking funding and financial support. b. if you have a small business working from home, there is no need for a business plan. c. no matter the size of your venture, all new businesses should create a business plan. d. only high-growth ventures need to create a business plan.
Business plan preparation takes a lot of time, research and commitment. For this reason: a. business plans are only needed when entrepreneurs are seeking funding and financial support. b. if you have a small business working from home, there is no need for a business plan. c. no matter the size of your venture, all new businesses should create a business plan. d. only high-growth ventures need to create a business plan.
Foundations of Business (MindTap Course List)
6th Edition
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter4: Choosing A Form Of Business Ownership
Section: Chapter Questions
Problem 6DQ
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Question
Business plan preparation takes a lot of time, research and commitment. For this reason:
a.
business plans are only needed when entrepreneurs are seeking funding and financial support.
b.
if you have a small business working from home, there is no need for a business plan.
c.
no matter the size of your venture, all new businesses should create a business plan.
d.
only high-growth ventures need to create a business plan.
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