Management Study Set 22
Quiz 4: Managing Entrepreneurially
The Business Plan Is a Written Document That Defines and Articulates
The business plan is a written document that defines and articulates how the particular opportunity will be developed and exploited.
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One final part of completing a feasibility study is uncovering potential sources of financing.
It is not vital that an entrepreneur develop a business plan when planning a venture.
Lisa has discovered an opportunity in her own industry: landscaping. She wants to get the business started right away. It would be wise for her to skip the detailed planning process and dive in so that opportunity does not pass her by.
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