Why are business plans important-even for small businesses

Assignment Help Business Management

Reference no: EM133558117

Questions:

1. Why are business plans important, even for small businesses or side hustles?

2. How is researching the competition helpful in developing a business plan?

3. Based on the information included on the Kids Community College Business Plan, identify, and clearly explain 2-3 different people, agencies, communities, or representatives that this business plan is written for.

4. If an entrepreneur was presenting you with the Kids Community College Business Plan, what are 3 follow-up questions you would ask them relative to this specific business plan?

5. Briefly summarize your critique of the Kids Community College Business Plan with a bullet point list of:

a. 3 or more things the business plan does well and

b. 3 or more things that need to be improved on the business plan and/or could be added to enhance it.

6. In one paragraph, explain the importance of creating a business plan and how to create a strong one.

Reference no: EM133558117

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