Outline four reasons that would make an entrepreneur prepare a business plan.

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1 Answer

anonymous · Answer 1 · 2021-06-24T11:19:14+0000

To foresee and avoid mistakes that could be committed in future
To identify, strengths and devise ways of dealing with the weaknesses of the business
It's a requirement by financiers
To help determine required resources and allocate them appropriately
To enable an entrepreneur identify potential market
To enable the business organization avoid goal blindness
To allocate resources appropriately
To use it as a monitory tool
To motivate employees
To adapt future changes