Activator230822
Verified member
When the entrepreneur want to attract funding- It used to attract funding from potential investors and lenders as it justifies the viability of the business
When the trader wants to avoid mistakes as it minimised the impact of disruption of business activities as a result of unforseen circumstances anticipating challenges and possible setbacks.
When one wants a blueprint for starting and Operating a business- it guides the owner/management's decision and actions on day to day business.
When a tool for evaluation is required- It is used to evaluate the business performance to see if it's achieving the set objectives.
Also when the owners would want to determine the finances required to start the business would use the business plan.
Also when the entrepreneur want to identify the customers. It can enable the entrepreneur to target the the appropriate customers to buy the product and services. So with the use of the business plan an entrepreneur can benefit more as far as business is concerned.
When the trader wants to avoid mistakes as it minimised the impact of disruption of business activities as a result of unforseen circumstances anticipating challenges and possible setbacks.
When one wants a blueprint for starting and Operating a business- it guides the owner/management's decision and actions on day to day business.
When a tool for evaluation is required- It is used to evaluate the business performance to see if it's achieving the set objectives.
Also when the owners would want to determine the finances required to start the business would use the business plan.
Also when the entrepreneur want to identify the customers. It can enable the entrepreneur to target the the appropriate customers to buy the product and services. So with the use of the business plan an entrepreneur can benefit more as far as business is concerned.
