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: -An ownership or business structure. A business registration certificate. A legal license or seller’s permit (as well as other legal documents) A source of funding.
Detailed explanation-2: -Conduct market research. Market research will tell you if there’s an opportunity to turn your idea into a successful business. Write your business plan. Fund your business. Pick your business location. Choose a business structure. Choose your business name. Register your business. Get federal and state tax IDs. More items
Detailed explanation-3: -Read about the market. There are market reports for most industries. Perform customer research. You’ll want to know a lot about the type of people who may be your future customers. Interview potential customers. Understand the competition. Testing the business idea. 03-Jul-2018