ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Focus on the business idea before start-up
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Present to shareholders at the AGM
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Secure external finance for business expansion
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To share with employees in the business
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Detailed explanation-1: -A business plan helps to sell the opportunity to invest in your business to potential funders. Therefore, it’s crucial to have a compact and realistic plan that clearly communicates your company’s objectives, financial performance and strategy.
Detailed explanation-2: -Business plans aren’t just for startups. Developing a business plan for an established business serves several purposes: It can help convince investors or lenders to finance your business, persuade a business buyer to purchase your business, or entice partners or key employees to join your company.
Detailed explanation-3: -Bootstrapping. Friends/Family Financing. Crowdfunding. Angel Investors. Venture Capitalists. Short-Term Loan. Bank or Credit Union Loan. SBA Loan. More items •12-Oct-2021