BUISENESS MANAGEMENT
BUSINESS PLANNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Establishing a business
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Planning for the next 5 years
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Organising business expansion
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Managing the cash flow for a business
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Detailed explanation-1: -A business plan is a very important and strategic tool for entrepreneurs. A good business plan not only helps entrepreneurs focus on the specific steps necessary for them to make business ideas succeed, but it also helps them to achieve short-term and long-term objectives.
Detailed explanation-2: -being a time consuming process, requiring research, analysis and interpretation. being expensive, drawing resources away from a business when they could be used on other things. being rendered obsolete or irrelevant in a heartbeat.
Detailed explanation-3: -The four most important sections of a business plan include your unique value proposition, details about your management team, your market analysis and your financial projections.
Detailed explanation-4: -Changes in perception and branding.