which group would be the most interested in a business plan for a new venture? course hero

What is the best business plan for new ventures?

Oct 16, 2017 · A good business plan leads to a successful company when the entrepreneur and management team a. identify all unexpected events. b. make decisions realizing that change may hurt the new company. c. understand the plan is static. d. effectively execute the plan.

What is an entrepreneurial venture?

Mar 10, 2014 · Which of the following groups would be most interested in a business plan for a new venture? a. Customers b. Bankers c. Supervisors d. The Internal Revenue Service ANS: B PTS: 1 REF: p. 147 OBJ: 6-1 TYPE: C

Should entrepreneurs focus on the original idea or the target market?

VENTURE/BUSINESS PLAN. NAME: SHOPP CALI THRIFT. ADDRESS:MANHATTAN. TELEPHONE: +9296908983. SHOPP CALI THRIFT is a thrift store that aims to give its clients with both worn and new clothing at reasonable pricing. The garments are from a broad range of age groups and come in a vast variety of styles.

What attracts entrepreneurs to start a business?

Feb 07, 2013 · Identify a basic objective for a business plan. a. Identify the nature and context of the business opportunity. b. Outline the approach the entrepreneur intends to use to exploit the opportunity. c. Recognize factors that will determine whether or not the venture will be successful. d. All of the above are basic objectives.

What is the highest entrepreneurial activity in the world?

According to a 2018/2019 report, the highest rate of entrepreneurial activity worldwide in 2018 was in Angola at 41 percent. 12 Angola’s low-income economy meant fewer employment opportunities, creating pressures to find other ways to earn an income.

What is the entrepreneurial journey?

The entrepreneurial journey is your exploration to discover if entrepreneurship is right for you. Every entrepreneurial journey is unique; no two individuals will experience it in the same way. Along the way, you will find opportunities and risks coupled with challenges and rewards.

What is the definition of an entrepreneur?

An entrepreneur is defined as someone who not only recognizes an opportunity but who also is willing to act on that opportunity. Both actions are required.

Why is the safety net important for entrepreneurs?

When the economy and the job market are strong, the entrepreneur has a safety net that decreases the risks in creating a new venture, a startup company or organization that conducts business or is created to satisfy a need, and allows for a quick recovery if the venture is not successful.

Which country is the easiest to start a business?

This entrepreneurial activity reflects the ease of starting a business. The Netherlands, Poland, and Sweden were reported as the easiest countries in which to start a new business, in part because many people in those countries view entrepreneurship as an attractive lifestyle.

Can you start an entrepreneurial journey without cash?

Just as you wouldn’t begin a trip without adequate resources , including access to cash, you wouldn’t begin your entrepreneurial journey without the necessary resources, including cash. The options between funding a trip and funding a new venture are similar, but they have different names.