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pentagon [3]
3 years ago
9

Shawn is creating a business that provides advertising on public restroom stall doors. He is funding the project from his person

al savings of $5,000 and does not expect to use any outside financing. Should he create a business plan?
Business
1 answer:
Cerrena [4.2K]3 years ago
4 0

Answer:

It will be of very great use for him if he creates a business plan even though he does not expect to use any outside financing.

Explanation:

As we know that a Business Plan is a written document that details how a company will achieve its goals. Few good companies last long without one. Business Plan give directions to new companies while the established ones use them to determine new ventures. A business plan should paint a clear picture of the costs and drawbacks that come with each important decision. Operating a business without a plan is like swinging on a trapeze without a net. It might work but the benefits a plan provides are abundant.

Shawn has a chance to test a service even though he is funding the project himself. Shawn also has the opportunity to think through an idea before sinking too much money into it.

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