Question
Highlight four reasons why a business should prepare a business plan.
Answer
- A tool that helps to guide the future direction of a business enterprise
- Helps facilitate organized thinking and helps an entrepreneur to develop as a manager
- It is a communication tool
- It is a financial tool
- It helps the entrepreneur think about promotional activities
- Its an indication of owner's ability and commitment
- It portray the entrepreneurs understanding of the business and demonstrates that enough time was spent preparing
- Helps facilitate organized thinking and helps an entrepreneur to develop as a manager
- It is a communication tool
- It is a financial tool
- It helps the entrepreneur think about promotional activities
- Its an indication of owner's ability and commitment
- It portray the entrepreneurs understanding of the business and demonstrates that enough time was spent preparing
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