A business plan should be a tool to think through a wide range of issues related to starting and growing a business.

Question

Quizplus · Accepted Answer

A business plan serves as a roadmap to guide entrepreneurs in making informed decisions and addressing potential challenges in advance. It forces the business owner to think through various aspects of their business such as market analysis, product/service offering, sales and marketing strategy, financial projections, and management structure.

A Business Plan Should Be a Tool to Think Through