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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10
Which section is completed last in business plan? tasks about your business or budgeting?
Budgeting
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15
Why are business plans used for potential investors and banks?
To invest money in your start-up
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boom
Lose 50 points!
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shark
Other team loses 20 points!
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shark
Other team loses 25 points!
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baam
Lose 10 points!
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banana
Go to last place!
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gift
Win 25 points!
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rocket
Go to first place!
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lifesaver
Give 15 points!
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5
What are the disadvantages of creating a business plan?
It is difficult to do and expensive as well
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5
True or false: According to research, without a business plan, firms are more likely to close down.
True
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10
What is not the component of business plan: financial plan, marketing plan, safety plan, executive summary
