Writing a business plan provides the entrepreneur with an impetus to participate in its implementation (Delmar & Shane, 2003). In addition, an entrepreneur can avoid unnecessary costs incurred in hiring a consultant to assist in writing the new business plan. As such, it is important for an entrepreneur to be involved in developing his or her business plan for purposes of enhancing accountability during the decision-making process based on the written plan. While an entrepreneur may need the services of an expert, the entrepreneur is still the originator of the new business.
Your assignment is to prepare and submit a paper on starting a new business and preparing a business plan.
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