ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Executive Summary
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The point at which sales and costs are equal and a business is neither making nor losing money
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Document describing a business; used to test feasibility, raise capital, & serve as a road map for future operations
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Percentage of total industry sales illustrating that a sufficient market exists for the company’s product
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Detailed explanation-1: -If a business plan has been labeled “abridged, ‘’ this means it is a condensed version of the original document. Abridged business plans do not usually exceed five to ten pages in length, and should contain only the most important information about the direction of your business.
Detailed explanation-2: -Your business plan’s executive summary exists to give readers an overview of the entire document. It should outline what they can expect to learn and motivate them to keep reading on. “Investors will read the executive summary to decide if they will even bother reading the rest of the business plan.
Detailed explanation-3: -Mission. State the company’s mission statement and provide a few sentences on what the company’s purpose is. Company History and Management. Products or Services. The Market. Competitive Advantages. Financial Projections. Startup Financing Requirements. 17-Oct-2022