importance of developing an organizing a business plan to your partner? And how would you convey the significance of a vision, a mission statement,
importance of developing an organizing a business plan to your partner? And how would you convey the significance of a vision, a mission statement,
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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You and a partner plan to start a business. You want to schedule a time to sit down together and develop a business plan. Your partner says, “What’s the point? We both know what we want to do, so I think we can skip the formal plan.” How would you explain the importance of developing an organizing a business plan to your partner? And how would you convey the significance of a vision, a mission statement, and goal-setting as it relates to your business plan?
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