A business plan:
A)reduces the risk and uncertainty involved in starting a new company.
B)is a guarantee of success for the small company.
C)should be done by professional writers in consultation with the owner.
D)should be kept in outline form to avoid over structuring the company.

Question

Quizplus · Accepted Answer

A business plan helps to identify potential risks and uncertainties and provides strategies to overcome them, thereby reducing the risk involved in starting a new company. However, it does not guarantee success, nor does it necessarily need to be done by professional writers. Additionally, while it should provide structure, it is important to avoid over-structuring the company by keeping the plan in outline form.

A Business Plan