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An Entrepreneur — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipAn Entrepreneur3 Marks
Question
Why is systematic planning a must for an Entrepreneur?
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Answer

Planning provides a blueprint for building new enterprise. An entrepreneur is expected to have systematic planning which will help him to prepare an action plan for performing all the activities in every area of operation in order to achieve the pre-determined goals.
  • It will also help the entrepreneur to carefully monitor his/ her business actual performance against desired performance and turn to other alternatives whenever the need arises; so as to achieve his/ her set goals.
  • It helps to evaluating the positive and negative aspect associated with each alternative.

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