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: -Only corporations need to include a section detailing the form of ownership in a business plan. The marketing section of your business plan should describe the location of your business. A financial statement based on projected revenues and expenses is called an informal financial statement.
Detailed explanation-2: -Executive summary Briefly tell your reader what your company is and why it will be successful. Include your mission statement, your product or service, and basic information about your company’s leadership team, employees, and location.
Detailed explanation-3: -The next set of paragraphs-the marketing paragraphs-should include information about the size of the market, sales forecast, demographics of your potential customers and competition, and your competitive advantages.