Outline two reasons why an entrepreneur should prepare a business plan - Leaving Cert Business - Question 10 - 2019

To clearly outline the objectives and targets of the firm: A business plan helps an entrepreneur define specific goals and know what they are striving to achieve. By establishing clear objectives, the entrepreneur can focus their efforts and evaluate success along the way.

To attract potential investors: Investors are more likely to invest in a business that is backed by a solid business plan. It demonstrates the entrepreneur's preparedness and understanding of the market, which can build investor confidence and increase the likelihood of securing necessary funding.