Part of the reason that it is important to have a well written,persuasive business plan is because it can usually hide from investors the fact that the business has little economic potential or is not a sound idea.

Question

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A well-written, persuasive business plan cannot hide fundamental flaws in a business model or economic potential. Investors see through empty or overly optimistic projections, and a well-written plan should reflect a realistic assessment of the potential challenges and opportunities for the business.

Part of the Reason That It Is Important to Have