When writing a business plan, it is important for an entrepreneur to think of his or her assumptions as facts.

Question

Quizplus · Accepted Answer

Assumptions are not necessarily facts, and it is important for an entrepreneur to test and validate their assumptions through research and analysis before presenting them as facts in a business plan. Misrepresenting assumptions as facts can undermine the credibility of the plan and negatively impact investors' or stakeholders' trust in the entrepreneur's judgment and decision-making abilities.

When Writing a Business Plan, It Is Important for an Entrepreneur