Question.4806 - Week 12 discussionThis is the discussion forum for Week 12 of the semester. Only items you post here during the class week will be counted toward your discussion grade.You must answer the discussion questions with your own relevant and meaningful input. Also, you must reply to the inputs of at least 2 other students in the class. You should participate throughout the week so that others will be able to respond to your input and also you to theirs. Discussion Questions:1) What is a business plan and how is it used?2) Which three of the ten guidelines for preparing a business plan (see your eText) do you think are the most important for the entrepreneur to consider?3) Outline some of the critical points to capture in an elevator pitch. Explain why each point is important.
Answer Below:
Hello xxxxxxxxx and xxxxxxxxxxxxx A xxxxxxxx plan xx a xxxxxx document xxxx outlines xxx goals xxxxxxxxxx strategies xxx financial xxxxxxxxx of x business xx serves xx a xxxxxxx for xxxxxxxxxxxxx to xxxxx the xxxxxxxxxxx of xxxxx business xxx communicates xxx company x vision xx potential xxxxxxxxx lenders xxx partners xxx primary xxxxxxx of x business xxxx is xx attract xxxxxxxxxx by xxxxxxxxxxxxx the xxxxxxxxxxx of xxx business xxxx the xxxxxxxxx for xxxxxxxxxxxxx and xxx entrepreneur x understanding xx the xxxxxx Kuratko xxxxxxxx plans xxx used xx various xxxx First xxxx provide x strategic xxxxxxxxx for xxxxxxxxxxxxxxx ensuring xxxx the xxxxxxxxxxxx and xxxx are xxxxxxx on xxxxx and xxxxxxxxxx Second x business xxxx can xx a xxxx for xxxxxxxx and xxxxxxxxx progress xx setting xxxxx goals xxx tracking xxxxxxxxx performance xxxxxxxxxxxxx can xxxxxx their xxxxxxxxxx as xxxxxx Finally x business xxxx is xxxxxxx for xxxxxxxx funding xxxxxxxxx and xxxxxxx use xxx business xxxx to xxxxxx the xxxxx and xxxxxxxxx returns xxxxxx committing xxxxxxx Therefore xx must xxxxxxx detailed xxxxxxxxx projections x marketing xxxx and x comprehensive xxxxxxxx of xxx market xxx competition xxxxxxxx Be xxxxxxxxx It xx essential xxx the xxxxxxxxxxxx to xxx achievable xxxxx and xxxxxxxxxxx Overly xxxxxxxxxx assumptions xxx make x business xxxx seem xxxx credible xx investors xxxxx realistic xxxxx the xxxxxx size xxxxxxxx growth xxx potential xxxxxxxxxx demonstrates xxx entrepreneur's xxxxxxxxx understanding xx the xxxxxxxx environment xxx instills xxxxxxxxxx in xxxxxxxxxxxx Show xxx Team x Strengths xxxxxxxxx are xxx just xxxxxxxxxx in xxx business xxxx but xxxx in xxx capabilities xx the xxxx behind xx A xxxxxx experienced xxxx can xxxxxxxxxxxxx enhance xxx likelihood xx success xxxxxxxxxxxx key xxxx members xxxxxxxxx and xxxxxxxxxxxxxx helps xxxxxxxxx trust xxxx the xxxxxxxx has xxx human xxxxxxx necessary xx execute xxx plans xxxx guideline xxxxxxxxxx the xxxxxxxxxx of xxxxxxxx a xxxxxxx reliable xxxx Kuratko xxxxxxx the xxxxxx and xxxxxxxxxxx Advantage xxxxxxxxxxxxx the xxxxxx market xxx competition xx crucial xxx identifying xxxxxxxx opportunities xxx threats x thorough xxxxxx analysis xxxxxx include xxxxxxxx demographics xxxxxx and xxxxxxxx as xxxx as x clear xxxxxxxxxxx of xxx the xxxxxxxx differentiates xxxxxx from xxxxxxxxxxx This xxxxx potential xxxxxxxxx see xxx long-term xxxxxxxxx of xxx business xxx why xx will xxxxxxx where xxxxxx might xxxx Question xxxxxxx Statement xxxxx by xxxxxxxxxxx the xxxxxxx that xxx business xxxx to xxxxx This xxxxx is xxxxxxx because xx establishes xxx relevance xx the xxxxxxxx idea xxxxxxxxx and xxxxxxxxx partners xxxx to xxxx that xxxxx is x real xxxx in xxx market xxx the xxxxxxx or xxxxxxx being xxxxxxx Solution xxxxx identifying xxx problem xxxxxxxxxx explain xxx the xxxxxxxx addresses xx The xxxxxxxx should xx compelling xxxxxx and xxxx to xxxxxxxxxx This xx the xxxxx of xxx pitch xxxxxxx it xxxxxxxxxxxx how xxx business xxx make x meaningful xxxxxx in xxx market xxxxxx Market xxxxxxxx who xxx business xx serving xxxxxxxxx specifics xx the xxxxxx audience xxxx as xxxxxxxxxxxx location xx industry xxxxx convey xxxx the xxxxxxxx has x clear xxxxxxxxxxxxx of xxx customer xxxx and xxxxxx opportunity xxxxxxxxxxx Advantage xxxxxxx mention xxxx makes xxx business xxxxxx or xxx it xxxxxx out xxxx competitors xxxx could xxxxxxx a xxxxxx technology xxxxxxxx model xx a xxxxxxxxxxxxxx customer xxxxxxxxxx Highlighting xxx competitive xxxxxxxxx is xxxxxxxx to xxxxxxx why xxx business xxx a xxxxxx chance xx success xx the xxxxxx Call xx Action xxx with x call xx action xxxx as xxxxxxxxxx a xxxxxxxxx meeting xx introducing xxx investor xx a xxxxxx discussion x clear xxxx to xxxxxx directs xxx listener xx the xxxx step xxx is xxxxx for xxxxxxxxxx interest xxxx tangible xxxxxxx Kuratko xxxxxxxxxx Kuratko x F xxxxxxxxxxxxxxxx Theory xxxxxxx Practice xx ed xxxxxxx Learning xxxMore Articles From Entrepreneurship
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