BUISENESS MANAGEMENT
BUSINESS PLANNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Take a class or course related to the industry.
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Read books and journals about the industry.
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Interview people who currently work in the industry.
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All of these are correct.
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Detailed explanation-1: -How can an entrepreneur learn about and understand the industry related to their idea for a new business? Take a class or course related to the industry. Read books and journals about the industry. Interview people who currently work in the industry.
Detailed explanation-2: -Having a greater understanding of your marketplace from the very start will enable you to create a sound business strategy to establish and grow your brand into one that’s better than the competition.
Detailed explanation-3: -A good business plan guides you through each stage of starting and managing your business. You’ll use your business plan like a GPS for how to structure, run, and grow your new business. It’s a way to think through and detail all the key elements of how your business will run.