explain, why business plan is important for an entrepreneur ?
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- how to prepare a business long-term plan?Give three (3) reason why crafting a business plan isn't always necessary or needed when you're an entrepreneur.Answer the following question, giving explanations and examples.1. It describes the internal and external business plan. What are thetypes of entrepreneurial business plans? How does an enterprise geta successful business plan?
- What makes a perfect business plan?1. What do you think are the the ideal business plan implementation steps that shouldbe followed by and entrepreneur? 2. Assuming that you have your own business, what arr your waysto improve its marketing, operational, financial aspects to achieve continous success?Identify and illustrate four main differences between a business model and a business plan using examples from a real-life start-up.
- Emphasis on distinctive competencies, writing a business plan, and choosing an industry in which to compete, are some of the basic strategic challenges for entrepreneurial organizations. True False please explainWhat functions does a business plan perform?The written report of your new entrepreneurial firm based on the criteria given below.1. Identify and discuss business to be ventured into: background of business, product, service and industry. 2. Identify its business strategy: the desired image and position in the market and SWOT analysis. 3. Marketing strategy: target market, advertising and promotion strategy, pricing structure and its distribution strategy. 4. Competitor analysis: identify the existing competitors and potential competitors. 5. Descriptions of the management team: key managers & employees, backgrounds, experience & skills. 6. Financial & funding: sources & uses of funds. 7. Critical risk factors: critical risk factors that your new business/firm may face. These risks may be management risks, marketing risks, financial risks or other risks depending on your industry and particular situation.