School of Business
Accounting; Business: Economics
business plan, education, business school, entrepreneur
Accounting | Business Administration, Management, and Operations
Colclasure, Madeline, "The Importance of Business Plan Proficiency to Business School Graduates" (2020). Senior Honors Theses. 984.
Small businesses are one of the largest groups of employers in the United States. Success of these businesses is, therefore, very important to the economy at large. Entrepreneurs who write business plans, in general, receive more funding from third parties such as banks and venture capital firms and are more likely to be successful. Entrepreneurs who receive a business education and have the support of a mentor are also more likely to be successful in the long term. Incorporating business planning, and activities such as business plan competitions and building incubators on campus, enhance classroom learning.