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 110 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?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

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?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Generalized body plan of a bony fish Generalized body plan of a bony fish
The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
It is important that parents repeat safety rules to preschoolers and monitor compliance with rules. It is important that parents repeat safety rules to preschoolers and monitor compliance with rules.
Important Concepts in Clinical Massage Therapy Important Concepts in Clinical Massage Therapy
Plan Of Stonehenge And Its Surrounding Settlements Plan Of Stonehenge And Its Surrounding Settlements
Remote sensing and GIS are important tools Remote sensing and GIS are important tools
Video: Role of ATP in muscle movement

For a complete list of videos, visit our video library