Question: Question 3 0 ( 1 point ) Saved Why should entrepreneurs develop their own business plans? It forces entrepreneurs to assess the feasibility of their

Question 30(1 point)
Saved
Why should entrepreneurs develop their own business plans?
It forces entrepreneurs to assess the feasibility of their business idea by conducting market research, analyzing competition, and projecting financial performance, etc.
Because they lack sufficient funds to hire a professional consultant
Because only they can unlock their vision for their business, which can serve as a roadmap to guide decisions and prioritize actions as the business evolves.
It enables them to practice their communication, presentation, research and analytical skills while helping them to build confidence and credibility with investors and solicit support for their business.
 Question 30(1 point) Saved Why should entrepreneurs develop their own business

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!