A solid business plan ________.
A)forces potential entrepreneurs to look at their business idea in the harsh light of reality
B)requires a potential entrepreneur to assess the venture's chances of success more objectively
C)helps prove to outsiders, such as potential lenders and investors, that a business idea can be successful
D)All of the above

Question

Quizplus · Accepted Answer

A solid business plan forces potential entrepreneurs to critically evaluate their business idea and its feasibility. It also helps them to assess the potential success of the venture more objectively. Additionally, a well-constructed business plan can be used to convince potential lenders and investors that the business has a viable chance of success.

A Solid Business Plan ________