ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

CHARACTERISTICS OF AN ENTREPRENEUR

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Maria is creating the part of her business plan that states why her business idea is feasible and how she will secure funding for her new business. What part of the business plan is Maria developing?

A	Financial plan
B	Industry/market analysis
C	Marketing plan
D	Operational plan

Explanation:

Detailed explanation-1: -Business plan financials is the section of your business plan that outlines your past, current and projected financial state. This section includes all the numbers and hard data you’ll need to plan for your business’s future, and to make your case to potential investors.

Detailed explanation-2: -The 3 most important purposes of a business plan are 1) to create an effective strategy for growth, 2) to determine your future financial needs, and 3) to attract investors (including angel investors and VC funding) and lenders.

Detailed explanation-3: -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

Detailed explanation-4: -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

There is 1 question to complete.