ENTREPRENEURSHIP

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INTRODUCTION TO ENTREPRENEURSHIP

CHARACTERISTICS OF AN ENTREPRENEUR

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Growth Highlights-Include examples of company growth, such as financial or market highlights (for example, “XYZ Firm increased profit margins and market share year-over-year since its foundation). Graphs and charts can be helpful in this section.
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Market analysis: A firm needs a good handle on its industry as well as its target market. This section of the plan will detail a company’s competition and how the company fits in the industry, along with its relative strengths and weaknesses.

Detailed explanation-2: -Set goals for growth. Establish what you want your business to achieve. Involve management and staff. Meet frequently with management and staff to review results and to monitor current performance. Control costs. Regularly review targets. Develop good systems. Also consider

Detailed explanation-3: -Operational Planning. “Operational plans are about how things need to happen, ‘’ motivational leadership speaker Mack Story said at LinkedIn. Strategic Planning. “Strategic plans are all about why things need to happen, ‘’ Story said. Tactical Planning. Contingency Planning. 07-Jul-2017

Detailed explanation-4: -Executive summary. The executive summary is a condensed version of your full business plan. Company description. Explain the different elements of your business. Market analysis. Organization and management. Service or product line. Marketing and sales. Contingency plan. 14-Sept-2020

There is 1 question to complete.
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