Potential lenders and investors believe that an entrepreneur who lacks the discipline to develop a good business plan likely lacks the discipline to run a business.

Question

Quizplus · Accepted Answer

A well-written and detailed business plan is crucial for any entrepreneur seeking funding from lenders or investors. A business plan demonstrates the entrepreneur's understanding of their industry, target market, competition, and financial projections. Developing a business plan requires discipline and attention to detail, and if an entrepreneur can't commit to this, it may suggest they lack the discipline to successfully run a business.

Potential Lenders and Investors Believe That an Entrepreneur Who Lacks