WEEK 2 DQS

DQ 1

Why is it important for an entrepreneur to develop a business plan? What key components must be included in a well-written business plan? Identify components you would include in a business plan for a start-up business. Do differences exist between business plans for start-up and existing businesses? If there are, what may be reasons for those differences?

As it functions as the company or business foundation, it is a must to acquire a business plan before anything else when trying to open a new business or company. Through the tedious process of coming up with a business plan - thinking, brainstorming, and research, the entrepreneur discovers various aspects and options of opening a business or company. Through a detailed business plan, an...