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 149 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?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

If a fire were to occur, follow the evacuation plan. If a fire were to occur, follow the evacuation plan.
Women have even more need than men to plan for retirement; at retirement age they have typically ... Women have even more need than men to plan for retirement; at retirement age they have typically ...
Washing hands and removing jewelry are two important safety habits all service technicians ... Washing hands and removing jewelry are two important safety habits all service technicians ...
How to choose the right payment plan with changing conditions (Question 3) How to choose the right payment plan with changing conditions (Question 3)
Specific Nutrients and Behaviors Are Important during the First Trimester Specific Nutrients and Behaviors Are Important during the First Trimester
Business mathematics Business mathematics
Video: Digestion Animation

For a complete list of videos, visit our video library