INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
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Peter Watson is thinking about launching a small business consulting company. To get advice on how to proceed, he stopped by his local Small Business Administration (SBA) office. The SBA advisor told Peter that one of the first things he needs to do is to sit down and write a 25 to 35 page narrative that describes what his new business plans to accomplish and how it plans to accomplish it. The SBA advisor is telling Peter to write a(n) ____
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operations plan
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business plan
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feasibility analysis
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tactical plan
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marketing plan
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Explanation:
Detailed explanation-1: -When starting their own businesses, entrepreneurs are not motivated by what you may think. The main reason most people want to become their own boss is the freedom, satisfaction and flexibility it offers them. Entrepreneurs need to embrace new technology and use it to their benefit to continue growing their startups.
Detailed explanation-2: -Buy products in bulk and sell them online. Sell homemade products. Start a dropshipping store. Start a print-on-demand business. Offer online services. Teach online classes. Productize your service or expertise. Grow an audience you can monetize. More items •09-Dec-2022
There is 1 question to complete.