Every business needs a business plan to acquire funding and to ensure that a realistic approach is being taken to implement the business strategy.

Question

Quizplus · Accepted Answer

A business plan is essential for acquiring funding as it demonstrates to investors or lenders the viability and potential profitability of the business. It also serves as a roadmap for the business, outlining goals, strategies, and how to achieve them, ensuring a realistic and structured approach to implementing the business strategy.

Every Business Needs a Business Plan to Acquire Funding and to Ensure