It is absolutely crucial for obtaining outside funding. Which of the following statements about business plans is TRUE. Have You Ever Started A Business Tag Someone Who Is A True Entrepreneur Foll Business Ideas Entrepreneur Business Entrepreneurship Business It should be finalized before approaching personal funding sources. . Which of the following statements is true of a business plan. Tactical plans deal with potential disasters crisis situations. Course Title ME 501. A is the last section of the plan but should be the first part written. B They have longer time frames than strategic and operational plans. Business plans eliminate risk to lenders. Typically the higher-performing firms in any industry tend to be those who do not have any business plan. A Writing a business plan forces a firms founders to systematically think through each aspect of their new venture. It can be drafted by members of the c