This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is a business plan, and why is it so important for an entrepreneur to have ... (Read 163 times)

colton

  • Hero Member
  • *****
  • Posts: 627
on: Jun 29, 2018
What is a business plan, and why is it so important for an entrepreneur to have one?

Question 2

How has today's information economy encouraged entrepreneurship?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Tabitha_2016

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
Answer to Question 1

A business plan is a document that details the important characteristics of a business, including the type of business, its products, the industry, a marketing plan, the manner of operation, and the financial information. Entrepreneurs should develop business plans to help them make careful and objective decisions. Business plans are also helpful to investors, employees, and other business people.

Answer to Question 2

Technology-related changes have created a powerful new world of resources for entrepreneurs. The advanced communication and data technologies of today's economy have enabled people to start businesses using resources that can be accessed and/or transferred independently of locationsuch as their own skills and knowledge and online communication media.


colton

  • Hero Member
  • *****
  • Posts: 627
Reply #2 on: Jun 29, 2018
Thank you :)


Tabitha_2016

  • Sr. Member
  • ****
  • Posts: 344
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Calcium Carbonate, an Important Carbon Sink Calcium Carbonate, an Important Carbon Sink
Basic Food Group Choices for a 1,200 Calorie Eating Plan Basic Food Group Choices for a 1,200 Calorie Eating Plan
Proteins play an important role in keeping your skin healthy and your nails strong Proteins play an important role in keeping your skin healthy and your nails strong
business solution business solution
Insect Body Plan: Grasshopper Insect Body Plan: Grasshopper
When exercising outdoors, especially on a hot, sunny day, it is important to stay adequately hydrate When exercising outdoors, especially on a hot, sunny day, it is important to stay adequately hydrate
Video: Protein catabolism - deamination

For a complete list of videos, visit our video library