ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Although a business plan can be helpful in the initial stages of your company, you will not need to refer to it after the first year of operation.
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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: -A business plan for a new business does not need to include: the names of the prospective lending companies. According to the textbook, one of the drawbacks of using venture capital is that: venture capital firms may ask for a high stake in your business.
Detailed explanation-2: -Write an executive summary. Describe your company. State your business goals. Describe your products and services. Do your market research. Outline your marketing and sales plan. Perform a business financial analysis. Make financial projections. More items •26-Jul-2022
There is 1 question to complete.