________ is an entrepreneur's best insurance against launching a business destined to fail or mismanaging a potentially successful company.

Question

Quizplus · Accepted Answer

Creating a solid business plan is an entrepreneur's best insurance against launching a business destined to fail or mismanaging a potentially successful company. A good business plan outlines the entrepreneur's vision, goals, strategies, and tactics, and helps to identify potential problems and risks, as well as opportunities and strengths. It also helps to attract investors and lenders, and to guide the entrepreneur's decision-making and actions. While having startup capital, marketing and advertising, and advisors can be helpful, they are not as important as having a solid business plan.

________ Is an Entrepreneur's Best Insurance Against Launching a Business