The principle reason for writing a business plan is to
A) help the founders remember what they are trying to accomplish.
B) provide an operational framework for the business.
C) acquire external funding.
D) provide strategic direction to employees.

Question

Quizplus · Accepted Answer

The primary reason for writing a business plan is to acquire external funding. It serves as a crucial document for convincing potential investors or lenders about the viability of the business.

The Principle Reason for Writing a Business Plan Is to