ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Organizational Plan
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Operational Plan
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Executive Summary
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Company Description
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Detailed explanation-1: -Managers plan, organize, direct, and control resources to achieve specific goals. In planning, they set goals and determine the best way to achieve them. Organizing means allocating resources (people, equipment, and money) to carry out the company’s plans.
Detailed explanation-2: -This external management support team should consist of the business’s lawyer, accountant, insurance agent or broker, and possibly a mentor. These external members are an integral part of the management team.
Detailed explanation-3: -The management section of a business plan helps show how your management team and company are structured. The first section shows the ownership structure, which might be a sole proprietorship, partnership, or corporation.