Final answer:
Yes, a business plan can help an entrepreneur obtain financing by presenting a well-prepared and comprehensive plan to potential investors or lenders.
The answer is True.
Step-by-step explanation:
Yes, a business plan can help an entrepreneur obtain the financing. A business plan is a document that outlines the goals, strategies, and financial projections of a business.
It provides potential investors or lenders with a clear understanding of the entrepreneur's business idea, market analysis, management team, and financial needs. By presenting a well-prepared and comprehensive business plan, an entrepreneur increases their chances of securing financing from banks, venture capitalists, or other sources of funding.