INTRODUCTION TO ENTREPRENEURSHIP
TYPES OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A Business Plan was NOT intended for
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Your competition
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Potential investors
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Your bank
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None of the Above.
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Explanation:
Detailed explanation-1: -One of the biggest mistakes made in business plans are unrealistic financial projections. The assumption that a start-up business will immediately be profitable is often a naive mistake made by beginning entrepreneurs. Most start-up companies should anticipate being “in the red” for at least the first year of business.
Detailed explanation-2: -Internal business plans target a specific audience within the business, for example, the marketing team who need to evaluate a proposed project.
There is 1 question to complete.