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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Which one of the following is not part of the steps involved in preparing a business plan?
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Determine the present status of a business
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Describe where you want to go with the business and to develop goals to take you there
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Submit the business plan when applying for funds
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Formulate an action plan to facilitate the realisation of objectives
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Explanation:
Detailed explanation-1: -Introspection, Research & Insights. Idea Generation. Aggregation & Execution. Ongoing Evaluation and Refinement. 05-Jan-2021
Detailed explanation-2: -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
Detailed explanation-3: -Conduct market and competitor research analysis. The first step in preparing a business plan is to conduct market research and your business competitors. Create a business description. Know your business SWOT. Create timelines. Make budgets. 30-Jan-2023
There is 1 question to complete.