True or false: According to research, without a business plan, firms are more likely to close down.
True
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15
What are the advantages of creating a business plan?
It allows the entrepreneur to focus on what they want to accomplish/Allows the process they will take to do it become simple and easy//Allows them to accomplish
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5
The preparation of a business plan is optional for some small businesses - True or False?
True
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5
What does business plan mean?
It is a detail plan to start a business and avoid risks
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10
Includes the purpose of the plan: Financial Plan, Products, Executive Summary, Company Description
