ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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growth plan
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contingency plan
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organizational plan
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business plan
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Detailed explanation-1: -The executive summary A great summary is one of the key features of a business plan. It serves as an overview of your entire business and the elements surrounding it. Be sure to outline succinctly the 5 “W"s (Who, What, Why, When, Where) as well as the mission statement.
Detailed explanation-2: -Management Plan Management makes the key decisions for the business, such as its legal form and organizational structure. This section of the business plan should outline these decisions and provide information about the qualifications of the key management personnel.
Detailed explanation-3: -A business plan is a document describing a business, its products or services, how it earns (or will earn) money, its leadership and staffing, its financing, its operations model, and many other details essential to its success.