1.

Given the outline of a business plan, which parts do you think ought to be given
priority? Which parts do you think are not as important, and can even be dispensed
with? Explain your answer.
I think that the most important part of a business plan was the executive summary
because it is the first will get read of the investor. And once more, embedded in this part all the
details about the next pages of business plan.
The executed summary contains the ideas in regards of the plan for business with the
market strategies, allocated the owners of business and etc. Because the executive summary is
the overview plan, its intent to summarize the key points of the projects for its readers. It is
becoming as an advanced perception of business plan for the readers. However, an executive
summary must concisely and clearly understand by the readers in order to get their attention.
Then I think that no one part is can even be dispensed with because each part has a
purpose and it will not be sited if it does not matter. Each part has its own ideas, knowledge and
content for the project.
2. Why do some business plans fail?
Entrepreneurs must consider their selves as a person who have a goal to achieve
throughout their lives. It would have to take a risk in order to have a successful business in a
future, either be they started in a small finances or not. Entrepreneurs must understand that it
takes a carefully planned and executed strategies for being prepared in achieving goals regards to
businesses.
Planning is important in a business plan however it is most important that your planning
might have taken an action or could be a realistic one in order to attain the goals. Some of the
entrepreneurs fails on their businesses because of they being unaware of what is happening to the
business until it is often too late to save the business they work for. Businesses fails with the
reasons of; lack of planning, the right plan that have a concise idea about the project might
result an attainable goals and aspirations that can used to, if it is failed the business will damage;
poor management are being unable of trust as well as lack of understanding; improper
budgeting, as entrepreneur it is important to have a proper use of money or fund that is need to
take wisely and correctly managing; and wrong partnership, if the both of you have a different
insights of what to do regards on the project, it will might results failures in business.