ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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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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Detailed explanation-1: -Describing how you came up with the idea for your business can help others understand how your business will operate. Writing a business plan can force entrepreneurs to think about their short, medium, and long term goals. Copies of resumes help show that owners are qualified to manage a business.
Detailed explanation-2: -Good business plans should include an executive summary and sections on products and services, marketing strategy and analysis, financial planning, and a budget.
Detailed explanation-3: -Entrepreneurs’ business ideas can come from their daily lives. For example, they commercialize their hobby. Or, they observe the problems people face and then offer products to provide them with solutions. Basically, business ideas are plentiful, and it’s not hard to find them.