INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To tell investors all the important details and goals of your business so they don’t need to read the business plan.
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To provide customers with an in-depth description of how your business was formed.
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To briefly share the most important information about your business to people in an engaging way.
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To determine whether your business idea is a business opportunity.
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Detailed explanation-1: -Pitching in business refers to presenting business ideas to another party. For example, you may pitch your startup business to potential investors or your products to potential customers. A business pitch needs to give your audience a clear understanding of your plan or goals to gain buy-in.
Detailed explanation-2: -The purpose of a pitch is to QUICKLY get the potential investor’s attention, let them know what you have and what you are offering to get them to say… “Tell me more!!” Parts of The 90 Second Elevator Pitch: It is important to note each pitch differs based upon the context of the idea being presented.
Detailed explanation-3: -Your story. The most important part of pitching yourself and your work is the story you tell and the timeliness of it. Humans digest storytelling-that’s how we process information, learn to form opinions, and see the world.
Detailed explanation-4: -A business pitch is a concise description of the business and the services it provides. The goal of a business pitch is to make your listeners interested in the business and achieve your desired goal, whether that is investing money or developing a partnership with the company for which you work.