Which of the following is true regarding the process of building a business plan?
A)It allows an entrepreneur to replace "I think" with "I know" and to make mistakes on paper, which is cheaper than making them in reality.
B)It reduces the risk and uncertainty of launching a company by "teaching" the entrepreneur more about the industry, the market and the proposed venture.
C)It requires an entrepreneur to subject the business idea to a more objective and critical evaluation.
D)All of the above

Question

Quizplus · Accepted Answer

Building a business plan allows an entrepreneur to replace "I think" with "I know" and to make mistakes on paper, reducing the risk and uncertainty of launching a company by "teaching" the entrepreneur more about the industry, the market and the proposed venture. It also requires an entrepreneur to subject the business idea to a more objective and critical evaluation. Therefore, option D is correct.

Which of the Following Is True Regarding the Process of Building