ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Harvest Strategy
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Output Strategy
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Gathering Strategy
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Storing Strategy
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Detailed explanation-1: -An exit strategy gives a business owner a way to reduce or liquidate his stake in a business and, if the business is successful, make a substantial profit. If the business is not successful, an exit strategy (or “exit plan") enables the entrepreneur to limit losses.
Detailed explanation-2: -Business planning process usually involves the following steps: define business goals, conduct market research, identify resources, develop strategies, create a business plan, implement the plan, evaluate and adjust.
Detailed explanation-3: -Build the Initial Team. Few entrepreneurs can manage every aspect of a new business alone. File Necessary Legal Documents. Protect Intellectual Property. Advertising and Marketing. Official Business Launch. Review Business Performance and Progress. 05-Oct-2022