Problems that may be faced by entrepreneurs without business plan

Problems that may be faced by entrepreneurs without business plan

  • The entrepreneur will commit to many mistakes or errors in the business operations.
  • The entrepreneur will not be able to identify strengths and weakness of the business.
  • The business will not be be able to meet the requirements by the financiers before they provide finance.
  • There will be poor allocation of resources
  • The entrepreneur will not be able to determine the finance/capital that is required by the business.
  • The workers of the business may not be motivated




benefits of writting a business plan


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