ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A business plan would normally be updated:
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Every day
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A month after the business starts
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Once a business adjusts its aims/objectives
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Every so often
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Never-It stays the same in its original form
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Explanation:
Detailed explanation-1: -Executive summary This business planning element provides a brief description of the business. It gives information on the business leadership, its employees, operations, and location. It also provides the business mission statement, goals, and vision.
Detailed explanation-2: -The 3 most important purposes of a business plan are 1) to create an effective strategy for growth, 2) to determine your future financial needs, and 3) to attract investors (including angel investors and VC funding) and lenders.
There is 1 question to complete.