INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A Mission Statement
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Sales Forecast
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Prospective Financial Data
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Historical Data
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Detailed explanation-1: -The resources you need to start a business can be broken into five broad categories: financial, human, educational, emotional and physical resources.
Detailed explanation-2: -Question: The process in which entrepreneurs test their business models on a small scale before committing serious resources to launch a business that might not work is known as product or service feasibility.
Detailed explanation-3: -Some crucial elements needed in business planning are executive summary, business description, market analysis, products and services, marketing and sales strategy, management and organization, financial projections, funding requirements.
Detailed explanation-4: -Conduct market research. Market research will tell you if there’s an opportunity to turn your idea into a successful business. Write your business plan. Fund your business. Pick your business location. Choose a business structure. Choose your business name. Register your business. Get federal and state tax IDs. More items