ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A business plan needs to outline goals for the business only for the short term and medium term.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -The executive summary should identify your audience, your ideal customer and the future outlook of your industry. You could also outline your company’s specific goals for the coming year, as well as the next three years and five years.
Detailed explanation-2: -A good business plan not only helps you focus on the specific steps necessary to make business ideas succeed, but it also helps you achieve short-term and long-term objectives.
Detailed explanation-3: -A business plan is a documented strategy for a business that highlights its goals and its plans for achieving them. It outlines a company’s go-to-market plan, financial projections, market research, business purpose, and mission statement.
There is 1 question to complete.