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Explain why a viable business model is the foundation of a good business plan and is...

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Operations Management

Explain why a viable business model is the foundation of a goodbusiness plan and is therefore essential to launching successfulbusiness ventures.

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Ques The strategy is the plan for your business In the event that you needed to construct a house you wouldnt stroll over to an unfilled parcel and simply begin nailing sheets together Beginning a business without a fieldtested strategy is similarly as unsafe However in contrast to a house a business isnt static We regularly tragically think of a fieldtested strategy as a solitary record that you simply set up when youre first beginning and afterward put in a safe spot Something to scratch off the plan for the day and be finished with Be that as it may in fact the fieldtested strategy for any business will change after some time as the business creates and a specific business may have various fieldtested strategies as its goals change In the development stage a refreshed fieldtested strategy is helpful for guaging or raising extra capital for extension Furthermore in the event that you choose to sell or close the business the fieldtested strategy can incorporate techniques and courses of events for the exchange to new proprietorship or    See Answer
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