prepare and submit a paper on starting a new business and preparing a business plan.

Your assignment is to prepare and submit a paper on starting a new business and preparing a business plan.

Writing a business plan ensures that an entrepreneur venturing into business overcomes the challenges experienced in the initial stage of a new venture. A business plan is essential because it provides the entrepreneur with the direction in terms of discussing how to set up the identified business venture. Further, writing a business plan also provides the entrepreneur with a structure that ensures everything regarding the intended business venture is covered. Writing a business plan also prompts the entrepreneur to contemplate the future, for example, a business plan provides the entrepreneur with an idea of what to do next when the new business becomes stable (Delmar & Shane, 2003).

Don't use plagiarized sources. Get Your Custom Essay on
prepare and submit a paper on starting a new business and preparing a business plan.
Just from $13/Page
Order Essay

Having a written business plan will enable the entrepreneur to generate ideas regarding how to deal with competition in an entrepreneur’s market niche. A written business plan also helps the entrepreneur to communicate his or her ideas, for instance, to financiers, suppliers and customers. On the same note, a well-written plan will help the entrepreneur generate feedback from his or her business contemporaries and other interested parties. The insight provided in this sense can help an entrepreneur to establish a successful business venture.

Writing a business plan provides the entrepreneur with an impetus to participate in its implementation (Delmar & Shane, 2003). In addition, an entrepreneur can avoid unnecessary costs incurred in hiring a consultant to assist in writing the new business plan. As such, it is important for an entrepreneur to be involved in developing his or her business plan for purposes of enhancing accountability during the decision-making process based on the written plan. While an entrepreneur may need the services of an expert, the entrepreneur is still the originator of the new business.

This is because. the business is an extension of an entrepreneur’s desires or abilities and as such, direct involvement makes the business plan more effective.

Calculate your order
Pages (275 words)
Standard price: $0.00
Client Reviews
4.9
Sitejabber
4.6
Trustpilot
4.8
Our Guarantees
100% Confidentiality
Information about customers is confidential and never disclosed to third parties.
Original Writing
We complete all papers from scratch. You can get a plagiarism report.
Timely Delivery
No missed deadlines – 97% of assignments are completed in time.
Money Back
If you're confident that a writer didn't follow your order details, ask for a refund.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00
Power up Your Academic Success with the
Team of Professionals. We’ve Got Your Back.
Power up Your Study Success with Experts We’ve Got Your Back.
error: Content is protected !!
Live Chat+1(978) 822-0999EmailWhatsApp

Order your essay today and save 20% with the discount code GOODESSAY