A business plan can be successfully prepared by:

Question

Quizplus · Accepted Answer

Developing short-term detailed plans for everybody involved with the business is the best choice as it ensures that all the stakeholders are aware of the goals, objectives, and timelines, and they can work collaboratively to achieve them. This approach also facilitates effective communication and coordination, which are essential for the success of any business. Overestimating revenues or removing the operational planning part can lead to unrealistic expectations, poor decision-making, and failure to meet targets. Establishing a long-term operational plan only for the current production process may not be sufficient to address the changing market demand, customer preferences, and competitive landscape.

A Business Plan Can Be Successfully Prepared By