Who are the primary consumers of business plans

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Reference no: EM131744571

Need a 200 words minimum response for each with reference by Thursday.

Text: Preparing Effective Business Plans, Ch. 1

#1 Who are the primary consumers of business plans? In what ways do the people who read business plans differ in the information they are looking for?

#2 Why is it important for the founders of a firm to continually measure whether the type of company they are envisioning, as described by their business plan, is consistent with their personal goals and aspirations?

#3 Describe the general rules of thumb for the length and appearance of a business plan.

#4 Why is it important for a firm to test the feasibility of its business idea prior to writing a business plan?

#5 Why is it important for entrepreneurs who are writing business plans to "get out of the building" and ask potential customers and others for feedback on all elements of a business proposal?

#6 What is an elevator speech? How can developing an elevator speech help a firm write a more effective business plan?

Text: Preparing Effective Business Plans, Ch. 2

#7 What four environmental trends provide the richest sources of new business ideas? List each environmental trend and provide an example of the type of business idea that it might create.

#8 Describe the four categories of new business ideas and the most realistic categories for new firms.

#9 Describe how a focus group is set up and how it can be used to generate new business ideas?

Reference no: EM131744571

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