Choose a challenge in starting a new business and how you may be able to address that challenge with a well-designed business plan. Challenge can be unique to either a start-up or on-going business or both.
Choose a challenge in starting a new business and how you may be able to address that challenge with a well-designed business plan. Challenge can be unique to either a start-up or on-going business or both.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Choose a challenge in starting a new business and how you may be able to address that challenge with a well-designed business plan. Challenge can be unique to either a start-up or on-going business or both.
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Introduction
A business plan is a written summarized document that contains the financial and operational objectives of the business. Preparing a business plan is the initial step in starting a business venture. The plan outlines operational, marketing and financial projections and analysis of the business. This plan is important for the internal as well as external stakeholders of the business. This is a fundamental document for every business.
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