Flexibility in Operation: case study answer sole owner is able modification case study solution nature and scope of company operations without any associate’s dialogue. A sole proprietor can expand or curtail his business according to case look at solution requirement of case look at answer tendencies. Example, people who runs apparel stall can change case study answer vogue of decoration of stall as a way to allure clients. i. Limited Capital: In sole proprietorship enterprise, all the time are sole buyers himself enhance a large quantity of capital to beginning enterprise. Insufficient capital of case look at solution business hardly ever made case study answer enterprise grow smoothly and growth. The plan also enables clarify what precisely case look at answer enterprise is selling. And as each entrepreneur knows, you don’t get anyplace with out self belief and salesmanship. A marketing strategy sells others on case study answer business. This is extremely important for attracting investors, arranging strategic alliances and partnerships, attracting key personnel, acquiring big jobs and contracts and, most importantly, getting finance from case examine solution banks. Andrew Fern, case examine solution operations manager at case study solution Australian Institute for Commercialisation says a business plan is a must for anybody attempting to find capital. “Banks will feel much more comfortable in case you walk in with a plan instead of turning up and announcing I don’t have one but I need another 200K,” Fern says.
Flexibility in Operation: case study answer sole owner is able modification case study solution nature and scope of company operations without any associate’s dialogue. A sole proprietor can expand or curtail his business according to case look at solution requirement of case look at answer tendencies. Example, people who runs apparel stall can change case study answer vogue of decoration of stall as a way to allure clients. i. Limited Capital: In sole proprietorship enterprise, all the time are sole buyers himself enhance a large quantity of capital to beginning enterprise. Insufficient capital of case look at solution business hardly ever made case study answer enterprise grow smoothly and growth. The plan also enables clarify what precisely case look at answer enterprise is selling. And as each entrepreneur knows, you don’t get anyplace with out self belief and salesmanship. A marketing strategy sells others on case study answer business. This is extremely important for attracting investors, arranging strategic alliances and partnerships, attracting key personnel, acquiring big jobs and contracts and, most importantly, getting finance from case examine solution banks. Andrew Fern, case examine solution operations manager at case study solution Australian Institute for Commercialisation says a business plan is a must for anybody attempting to find capital. “Banks will feel much more comfortable in case you walk in with a plan instead of turning up and announcing I don’t have one but I need another 200K,” Fern says.