MGT602 Entrepreneurship GDB Solution

[Xpert]

In my point of view Ahmed should write the business plan, even it is running business but Ahmed is the new owner of the departmental store, He may have some different objectives from the previous owner of the store. so his business plans may also differs from the old owner.
Some very common reasons to write the business plans:

• To set the business objectives
  
• Ideas and services for success and growth.
  
• To define the present and future status of the company.
  
• A strong communication tool which defines your competition, purpose and management.
  

Planning is the most important function of business; you set you business goals in planning. Mostly the businesses are failed in the beginning stages, the cause of failure is lacking in planning. A business plan can act as a management tool which helps you to focus on where you are and where you want to be in future.
So Ahmed should write his business plans if he want to become a successive businessman.