An entrepreneur may find that the business plan indicates that the business concept is not viable. This is another potential benefit of writing a business plan; this revelation occurred before the owner committed significant resources (time and money)to the venture.

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Writing a business plan helps the entrepreneur to analyze the feasibility of the business concept and identify potential challenges or risks before investing significant resources in the venture. If the plan indicates that the concept is not viable, the entrepreneur can make necessary adjustments or choose to pursue a different opportunity.

An Entrepreneur May Find That the Business Plan Indicates That