INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Your financing needs
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Your basic business concept
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Your marketing plan
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Your assets and liabilities
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Detailed explanation-1: -Sales and marketing strategy is not necessary for a business plan outline. The main reason is that businesses should focus on their product or service and not on their sales and marketing strategy.
Detailed explanation-2: -At their core, business plans have 5 basic pieces of information. They include a description of your business, an analysis of your competitive environment, a marketing plan, a section on HR (people requirements) and key financial information.
Detailed explanation-3: -Not making one. As an entrepreneur, surely you’re more excited about doing the thing you want to do that writing a plan about it. Being unrealistic. Poor executive summary. Too long. Not backing up what you say. Not focusing on the team, and your role as the head. Sloppy mistakes. 20-Nov-2019
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