10 Factors That Influence Risk Tolerance -, Download - Marketing strategy define www./Commercial enterprise-plan/ why do i need a business plan? The business plan is a key factor for a successful business. A plan is vital because it: offers an prepared device for studying.
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Commercial enterprise begin-up fundamentals ii p r e b united states of americai n e s s p l a n p r e p a r a t i o n presented by way of: sbdc commercial enterprise advisors lisa hutson ana badillo susan patton schedule 1. Determine financing desires a. Speak.
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Four 23. Commercial enterprise plans ought to provide statistics to aid the statements and not simply inform a story. T pts: 1 ref: p. 181 obj: 6-four type: c 24. Describing a product or service should be in lay phrases although the product is technical in nature. T pts: 1 ref: p obj: 6-four kind: c 25. Despite the fact that the business plan exhibits touchy records (e.G., Info of a complicated era or the specifics of a advertising plan), potential buyers may be depended on with that expertise. Fairly touchy records ought to no longer be protected inside the marketing strategy; the entrepreneur have to put up best a precis of the plan to keep away from exposing crucial details. Pts: 1 ref: p. 183 obj: 6-four type: c 26. The potential investor generally performs the role of the encourager, often seeing market capacity in a marketing strategy that others forget about. The potential investor has a tendency to play the function of the skeptic, thinking extra about what ought to pass incorrect than approximately what may want to cross right. Pts: 1 ref: p. 182 obj: 6-4 kind: c 27. Because prospective investors acquire such a lot of commercial enterprise plans, they cannot take time to check every in any unique fashion. T pts: 1 ref: p. 181 obj: 6-four kind: c 28. Investors are more product-oriented than marketplace-oriented. Challenge capitalists are greater market-oriented than product-oriented. Pts: 1 ref: p. 181 obj: 6-four kind: c 29. A loss leader is a sales move where products are sold at a loss to hopefully create call for in a extra worthwhile revenue movement. Pts: 1 ref: p. 186 obj: 6-five kind: c 30. A enterprise version explains how a business will generate profit and cash flow from its revenue streams thinking about its fee structure and investment length.