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1. Discuss the costs and benefits of writing a business plan.
2. Who should write a business plan? Who should not bother? Who must write a business plan?
3. Why are the preliminary sections so important?
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Solved in 2 steps
- (1) Why is it important to identify critical risks andproblems in a business plan? (2) Many expertssuggest that you write the business plan yourself,rather than hiring a consultant to write it for you. Whyis this a good idea?a. Discuss five (5) early warning signs of risk that are common only to small business start-ups,clearly showing why they are common in small business start-ups. b. Recommend possible solutions that may be implemented to deal with the risks.Current Business Strategies Report In order to bring current examples of strategic issues and problems into the class, each student will present a current business strategies report. The report should be drawn from one specific news article in the business press and should deal with a topic within the last 12 months. The article(s) should highlight the strategic issues facing a particular firm or industry and should be directly related to specific topics of this course. Your oral report should include the following points: (specific guidelines to be reviewed in class) A very brief review of the key facts of the article- what it’s about; why it’s interesting; why it’s important Identification and explanation of the key course concepts, tools, topics that this report relates to.
- Which businesses need to write business plans? Multiple Choice In reality, only businesses that are complex need to write business plans. Only subsets of the three major ownership forms need to write business plans due to their complexity. All businesses should write business plans in order to create a framework for success. Only businesses that hire employees need to create a business plan. Only businesses that are structured as corporations are required to create a business plan.Directions: Answer the following: 1. Explain the meaning of a business plan. 2. Discuss the goals of a business plan. 3. Describe the reasons for developing a business plan. 4. Explain the essential elements of a business plan.Mbambo Denk Tjiueza Corporation wants to start their own business and they are in a hurry.They have decided not to write a marketing plan because they already have funding and do not need a formal proposal. They think that writing such a document would take too long. Discuss why it is important or not important for them to write or not to write a plan.
- What is a business plan? ( Everything You need To Know) An example of a business plan or idea.Business plans are developed for both internal and external purposes. The most commonexternal purpose for a business plan is to raise capital.a. State two (2) internal purpose of a business plan b. Explain two (2) business planning principles c. State and explain three (3) components of a business planWhat are the most important financial projections that should be included in a business proposal?
- The managing director of PEP Stores contacted you and would like to make use of your business consulting services. Due to critical changes in their internal and external environments, they need to revise their mission statement. He provided you with their current mission statement and requested that your project team evaluate their mission statement.true or false Developing the business plan and deciding the structure of the venture is a typical stage in creating a new venture.1. Introduction: Provide general information on the company (what it does, where it operates, who its customers are, how many employees it has, etc.). In addition, you must also include a SWOT analysis on your organization. In total, this section should be about 1 to 1.5 pages. In your introduction, you must have a thesis statement that clearly states what you plan to cover in your paper.