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What is a business plan for entrepreneurs?
What is a business plan for entrepreneurs?
- A game plan for managing the business successfully.
- A systematic, realistic evaluation of a venture's chances for success in the market. (correct)
- A strategic plan for a business that must be supplemented by operational plans once financing is secured.
- A way to determine the principal risks facing the venture.
Which document summarizes the analysis done to justify a new business?
Which document summarizes the analysis done to justify a new business?
- Financial statement
- Pro forma
- Cash budget
- Business plan (correct)
How is a business plan developed?
How is a business plan developed?
- Forces an entrepreneur to think a business idea through, considering both its positive and its negative aspects. (correct)
- Through an intuitive process by which the entrepreneur records his/her plans for the business in the future.
- Is a strategic plan for a business that must be supplemented by operational plans once financing is secured.
- Focuses on the internal elements of the business.
What functions does a business plan perform?
What functions does a business plan perform?
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What is one of the focuses of a business plan?
What is one of the focuses of a business plan?
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What is the primary purpose of a business plan for entrepreneurs?
What is the primary purpose of a business plan for entrepreneurs?
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Which document becomes the summary of the analysis done to justify a new business?
Which document becomes the summary of the analysis done to justify a new business?
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How is a business plan typically developed by entrepreneurs?
How is a business plan typically developed by entrepreneurs?
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Which function does a business plan NOT typically perform?
Which function does a business plan NOT typically perform?
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What is the primary focus of a business plan?
What is the primary focus of a business plan?
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