(i) describe the significance of Business Plan.
(ii) Briefly describe the elements of Business Plan.
Timmons and Spinelli (2007) argue that a core, fundamental entrepreneurial procedure accounts for the substantially greater success pattern among higher potential ventures. Discuss their model of Entrepreneurial procedure.
Many entrepreneurs who found new ventures frequently fail to acquire essential information before beginning. Describe
(a) Main information collection techniques, and,
(b) Crucial information required to ensure success of the new ventures.
Before starting a business, it is significant to choose a suitable legal form. Describe the major types of business ownership structures that are accessible to new entrepreneurs.
Continuously assessing how well the business is doing is vital for growth. describe.