Identify the most common reasons why business plans fail
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The goals set by the entrepreneur are not realistic
Objectives are not measurable
The entrepreneur has no experience in the planned business
The entrepreneur is unaware of possible problems or weaknesses for the business
No evidence of customer demand was shown for the proposed product or service.
What types of information might an entrepreneur needs in regards to manufacturing
operations?
They should provide details about how the physical space will be organized, the machinery and
equipment required for manufacturing, where they will get the raw materials and the names
and addresses of suppliers, along with the associated costs. Additionally, any future
requirements for capital equipment should be mentioned. When dealing with a manufacturing
venture, talking about these aspects will be crucial for potential investors to understand the
financial requirements.