Entrepreneurial Planning Process and Types of Plans Quiz

<p>It can be debated (D)</p> Signup and view all the answers

<p>Avoid analysis to paralysis (A)</p> Signup and view all the answers

<p>Gaining customer insight (C)</p> Signup and view all the answers

<p>To present to potential investors (D)</p> Signup and view all the answers

<p>To identify competition (A)</p> Signup and view all the answers

<p>It can be debated (A)</p> Signup and view all the answers

<p>Avoid analysis to paralysis (B)</p> Signup and view all the answers

<p>Gaining customer insight (D)</p> Signup and view all the answers

<p>Pitch Deck (B)</p> Signup and view all the answers

<p>To visualize how all parts of the business work together (A)</p> Signup and view all the answers

<p>Feasibility Study (B)</p> Signup and view all the answers

<p>Business Brief (D)</p> Signup and view all the answers

<p>Business Plan (B)</p> Signup and view all the answers

<p>Assessing the size of the market and the skills of the entrepreneur (D)</p> Signup and view all the answers

<p>To secure funding and get next meetings with potential investors (B)</p> Signup and view all the answers

<p>2-3 pages (B)</p> Signup and view all the answers

<p>10-20 slides (D)</p> Signup and view all the answers

<p>Explaining how the product or service will be delivered (C)</p> Signup and view all the answers

Financial projections are not typically included in a concept statement.

A pitch deck is used to present to potential investors and secure funding.

Researching the industry helps you understand competition and opportunities.

The value of a formal business plan is sometimes debated.

Avoid getting bogged down in excessive analysis; focus on action.

Entrepreneurs should prioritize customer insight over planning documents.

A visual tool to show how all parts of the business are connected.

A plan to determine if the business idea is realistic and sustainable.

A concise business plan, typically 2-3 pages long

A pitch deck typically has 10-20 slides.

Focus on detailing how the product or service will be delivered.

A plan for getting funding and meetings with potential investors and stakeholders

Evaluates the market size and the entrepreneur's skills.

To get investments and meetings with investors.

Professional document (2-3 pages) summarizing a business idea for investors/stakeholders.

A detailed document outlining a business' objectives, strategy, and financial projections, often required by investors.