Shawn is creating a business that provides advertising on bathroom stall doors. He is funding the project from his personal savings of $5,000 and does not expect to use any outside financing. Should he create a business plan? Why or why not?
Answer to relevant QuestionsHow can spending time researching and writing a business plan save an entrepreneur time and money in the short run and long run? Errors of omission can sometimes be greater than errors of commission. How does this statement apply to business plans? For a business, define the unit of sale and calculate the economics of one unit. 1. Describe the unique features of Malia Mill’s product. 2. Malia Mills Swimwear is not inexpensive. Why do you think customers are willing to pay a premium for her suits? 3. The case mentions that Malia Mills Swimwear is ...Create a pocket price waterfall for Creative Toy Manufacturing’s (CTM) new electric yo-yo. The list price is $5.50 each with a minimum order of 12 dozen. The standard dealer discount (off invoice) is 50% and the order ...
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