INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Business Plan
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Outcome
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Output
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None of the above
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Detailed explanation-1: -Research the Market. You may have a good business idea, but unless there’s a viable market for it, your product or service won’t get off the ground. Test Your Idea. Write a Business Plan. Develop a Financial Plan and Forecast. Choose a Legal Structure. Create a Marketing Strategy. 10-May-2021
Detailed explanation-2: -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
Detailed explanation-3: -Figure out what problem is being solved. Find your market. Find your support. Create a financial model and plan the first phase. Figure out your source of capital. Build the MVP. Find the pivot. Stay positive. 11-Jun-2012