Answer to Question #232767 in Management for Another you

Question

A. Answer the following questions.

1. What is the importance of creating a business plan before starting a business?
2. Which audience will you prioritize in terms of customizing the contents of your business plan?

Answer 1

For entrepreneurs, a business plan is a critical and essential tool. A solid business plan not only assists entrepreneurs in focusing on the particular procedures required to see their business ideas through to completion, but it also assists them in achieving short- and long-term goals. Support develop an effective growth strategy, forecast your future financial requirements, and attract investors and lenders.

2. All the people who have an interest in your business venture