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: -A business plan is helpful not only in the initial stages of your company but also in future decision making. A business plan may help to convince suppliers to extend credit to your company. Writing out a business plan helps you convince people to buy your product or service.
Detailed explanation-2: -In order to be effective, a business plan should always be in writing. Effective planning is less important to the success of a business than other management functions, such as organizing, implementing, and controlling. The results of strategic planning are goals and strategies that guide the entire business.
Detailed explanation-3: -Executive summary. Briefly tell your reader what your company is and why it will be successful. Company description. Market analysis. Organization and management. Service or product line. Marketing and sales. Funding request. Financial projections. More items