10 Questions
What is one of the reasons why business plans fail due to the entrepreneur's goals?
The goals set by the entrepreneur are unreasonable.
What is a common pitfall of business objectives?
The objectives are not measurable.
What is a potential issue with an entrepreneur's commitment to their business?
The entrepreneur has not made a total commitment to the business or to the family.
What is a potential weakness of an entrepreneur starting a new business?
The entrepreneur has no experience in the planned business.
What is a critical oversight that can lead to business plan failure?
The entrepreneur has no sense of potential threats or weaknesses to the business.
Unreasonable goals set by the entrepreneur is a common reason for business plan success.
False
Measurable objectives are a common pitfall of business plans.
False
Lack of experience in the planned business is a key to a successful business plan.
False
Establishing a customer need for the proposed product or service is not essential for a business plan.
False
Total commitment to the business or family is not crucial for a successful business plan.
False
Test your knowledge on the common reasons why business plans fail, including unrealistic goals, lack of measurable objectives, and more. Identify the pitfalls that can lead to business failure and learn how to avoid them.
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