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Questions and Answers
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?
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What is a critical oversight that can lead to business plan failure?
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Unreasonable goals set by the entrepreneur is a common reason for business plan success.
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Measurable objectives are a common pitfall of business plans.
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Lack of experience in the planned business is a key to a successful business plan.
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Establishing a customer need for the proposed product or service is not essential for a business plan.
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Total commitment to the business or family is not crucial for a successful business plan.
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