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- Explain why the executive summary is the most important section of any business plan ?Name a specific benefit to writing a business plan when creating a new business? Explain your answer.Suppose,You are an entrepreneur and need to prepare a business plan to present in the investor's meeting.Write down to executive summary, objectives,mission ,vision and keys to success of your business plan.
- Discuss about any existing company showing the main issues and give recommendations to someone who want to start his own business.Describe the process on how to submit a business plan for one’s businessDescribe how you will prepare your business plan for a new business venture such as a stationary store. Be sure to include the components of a good business plan.
- To make a “bulletproof” business plan, some mistakes must be avoided, and the following must be done:❖ Think through the business idea. You might have a great idea, but have you carefully mapped out all the steps you'll need to take to make the business a reality.❖ Do your research. Investigate everything you can about your proposed business before you start writing your business plan--and long before you start the business.❖ Research your potential customers and competitors. Is your product or service something people really want or need, or is it just "cool"? Study your market. Is it growing or shrinking? Could some sort of disruptive technology or regulatory change alter the market in fundamental ways? Why do you think people will buy your product or service? If you don't have any customers or clients yet, you'll need to convince investors that you have something people really want or need, and more important, that they'll buy it at the price you expect.❖ Get feedback. Obtain as…You are developing a one page business plan for the idea. Explain the concept of a one page business plan. Explain one key component you would include as a 'selling point' for your particular business idea and whyWhat are the eight elements that should be included in the executive summary of a business plan?
- Identify and illustrate four main differences between a business model and a business plan using examples from a real-life startup.What are the key elements that you consider when analyzing a business report?What is the purpose of business plan?which audience will you prioritize in terms of customizing the contents of your business plan?