Ems - Term 4 - Unit 21: Business plan pg 167-177

Question 1

why is a business plan important? give the 2 reasons.

Answer 1

• it’s forces the owners to think through and write down their plans and goals for each aspect of the business
• if you need to approach someone to invest in your business, or a bank for a loan, the business plan will be very professional looking doc that will give them all the info they need to make a decision