Entrepreneurship Essay Example | Topics and Well Written Essays - 250 words - 15

Entrepreneurship - Essay Example e strengths and limitations of the business, primary areas where the entrepreneur requires in developing expertise and economic risks in starting the venture. It reflects the dynamic procedure of planning, and reviewing the agenda of the business over time. Business plan assists executive talents realize an entrepreneur’s idea and determine the viability of the business in investing resources and time. The two most crucial aspects of a business plan are mission statement or idea and information analysis. This is because a business plan states the mission or the idea of the business in a clear and brief manner. The business idea communicates the venture’s philosophy, ideas and core values. Organization information, on the other hand, communicates the organizational structure of the venture to investors and members. It also indicates the financial status, information flow, decision-making process and new ideas of the business. Gumbert, David , Harold Klein, and Robin Sands. How to Really Create a Successful Business Plan: The Importance of a Business Plan in Building Your Business : [the Essential Elements of a Great Plan]. Boston, Mass.: Inc. Magazine,