Answer each question separately.

1)Why should small business owners and entrepreneurs spend time planning for their business when creating the business takes so much effort?Does failing to plan mean that one plans to fail?

2)The link below points to problems associated with business plans:

What do you think? Which you see as the most prevalent?

3)What is the necessary requirement to turn a business idea into a business? If you don’t have customers willing to buy your new product or service at a price that gives you a profit, do you really have a business?