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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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: -The products and services section of your business plan outlines your product or service, why it’s needed by your market, and how it will compete with other businesses selling the same or similar products and services.
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: -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. 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