9.1.1 Why a Business Plan is Important to an Entrepreneur?

For this activity:

You will need to use The Internet and to write down your answers in your Mahara e-portfolio.

In this theme you have learnt that a business plan is a written document that outlines the future activity for an existing or proposed business venture.

Task: Compile a list of reasons why a business plan is a useful document to an entrepreneur.

Think of reasons why entrepreneur would need to outline future activity. Why might they need that detail and who would want to look at it? 

Once you have completed the task, research the internet and compile a suitable and final list of reasons or benefits for the entrepreneur for creating a business plan.