What might someone do before they begin writing a formal business plan?

Question

Quizplus · Accepted Answer

Before beginning to write a formal business plan, it is important for an individual to first define their personal goals, vision, and mission statement. This can be achieved by writing a personal plan that outlines what they want to accomplish with their business and how they plan to do it. This will help provide a clear direction for the formal business plan and ensure that it aligns with the individual's values and priorities. B, D and E are not necessary steps for creating a business plan and A may come later in the process.

What Might Someone Do Before They Begin Writing a Formal