Business plans


	Business plans
	Advantages It makes an entrepreneur consider every aspect of the start up so they can try to eliminate failures. It makes the entrepreneur aware of what skills they are missing so that they are missing so that they can hire experts in that particular field. Venture capital may be available to the business if investors like the business plans.	Disadvantages The business plan is only a plan and does not guarantee success. For example, sales may be lower than predicted as they can be affected by a range of issues. If the plan is too rigid some problems may arise, it must be flexible to adapt to market changed. High sales expectations may cause overspending in other areas such as stock and staffing.
	Evaluation

It makes an entrepreneur consider every aspect of the start up so they can try to eliminate failures.
It makes the entrepreneur aware of what skills they are missing so that they are missing so that they can hire experts in that particular field.
Venture capital may be available to the business if investors like the business plans.

The business plan is only a plan and does not guarantee success. For example, sales may be lower than predicted as they can be affected by a range of issues.
If the plan is too rigid some problems may arise, it must be flexible to adapt to market changed.
High sales expectations may cause overspending in other areas such as stock and staffing.

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