MGTA01H3 Lecture Notes - Lecture 9: Target Market, Sole Proprietorship, General Partnership
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MGTA01H3 Full Course Notes
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Document Summary
If an entrepreneur wants his business to survive and to be successful, in addition to organization and effort, it requires planning. A to do list will emerge when you are deciding how to gather a better business portfolio. List will include resources and supplies and is better to write it down as it will get longer as your business grows. Aspiring business owners are known to write a business plan which is a written document that lays out in lack and white the things you need to do to allow your business to succeed. You can connect a business plan to such as a road map to help avoid bumps in the road along your journey. Purpose of business plans are to articulate all the known facts, the assumptions, the list of tasks and resources needed, the timelines and all of the necessary forecasts. This is because entrepreneurs are risk tolerant.
