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Author Question: What is a business plan, and why is it so important for an entrepreneur to have ... (Read 51 times)

colton

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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?


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Tabitha_2016

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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

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Reply #2 on: Jun 29, 2018
Thank you :)


Tabitha_2016

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Reply #3 on: Jun 29, 2018
Happy to help you


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