Always tell the truth,even if it's bad news,in the business plan.

Question

Quizplus · Accepted Answer

Being honest and transparent in a business plan is crucial for building trust and credibility with investors, stakeholders, and customers. It allows them to make informed decisions and assess the risks and opportunities associated with the venture. Concealing or downplaying negative information can backfire and undermine the integrity and reputation of the business, leading to potential legal and financial consequences. Therefore, it's better to face the reality of the situation and address the challenges with a realistic and proactive approach.

Always Tell the Truth,even If It's Bad News,in the Business