604 Business Venture Management
Professor Murrell- Jones
Venture Screening
October 10, 2011
A profession plan is written proposal that identifies the intended telephoner, analyzes the telephone circuit situation, lists plotted operations and the strain financial information (expenses, borrowing postulate and income). Having a business plan is essential to having a fortunate business. It also, give the company a path to follow, make the requisite information is available for potential lenders to observe, sponsor develop managerial skills, hold conferences related to information regarding the companyand serves a communication tool. somewhat entrepreneurs do not depend on good business decisions to succeed, but on their own luck. Without a business plan, banks leave be hesitating to loan money.
A completed business plan should consist of:
1. The name of the company and owner.
2. The date company started up
3. The mission of the company.
4. Management or Executive Summary
5. Type of Business
6. economic Factors
7.
The Market (qualitative and quantitative)
The keys components of my business plan is the`(1) competition (2) financial vaticination (3) goal and objective (4) house marketing (5)management summary
An entrepreneur is delineate as a person who creates and builds something from practically nothing. The entrepreneur is compulsive by an intense commitment and determined perseverance. Becoming a new entrepreneur takes planning. There are many travel to follow to become a successful entrepreneur.
The first stylus to screen your business ideas is to answer the following questions. These questions will help me to understand my own idea.
1. Is there a great consider for your service or products?
2. Is the need substantial enough to hold back a profitable business?
3. Do your competitors offer the same service or product at a conk out offer?
4. Is the product or service feasible to catch?
5. Is the product or service...If you want to get a luxuriant essay, order it on our website: Orderessay
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