Asked by Richie Torres on Feb 18, 2024
Verified
All experts agree that writing a formal business plan is necessary for the success of a startup.
Entrepreneurship
A way of thinking, acting, and being that combines the ability to find or create new opportunities with the courage to act on them.
- Factors contributing to the success of a startup
- Expert opinions on the necessity of a formal business plan
- Importance of formal business plans in the startup ecosystem
Verified Answer
SN
Syazatul NabihahFeb 18, 2024
Final Answer :
False
Explanation :
Experts have differing opinions on the necessity of a formal business plan for a startup's success. Some argue it is crucial for securing funding and guiding strategy, while others believe a more flexible, adaptive approach may be more beneficial in rapidly changing markets.
Learning Objectives
- Factors contributing to the success of a startup
- Expert opinions on the necessity of a formal business plan
- Importance of formal business plans in the startup ecosystem
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