The comprehensive analysis required in preparing a business plan can h

QUESTION

The comprehensive analysis required in preparing a business plan can help an entrepreneur identify what critical factor related to success or failure in business?

A) keeping good records
B) adequate management skills
C) credit
D) government paperwork
E) hiring good employees

ANSWER

Answer: B
Explanation: B) Because a business plan requires detailed thinking about a business model, marketing, legal and financial issues, and management, preparing a plan can help entrepreneurs to recognize their own shortcomings and either enhance their skills or ask for assistance.