Which of the following is an argument FOR writing a business plan?
Spending 200 hours to write a comprehensive business plan, at an opportunity cost of US$10,000 is financially prudent compared to launching a poor idea and/or unproven concept.
A business plan is an effective roadmap for startups to chart their course from idea to execution and implementation.
A business plan is the best way to organize financial projections when there is little or no existing financial data from which to work.
A business plan allows an entrepreneur to determine the feasibility of their idea prior to launch.
