Why update a business plan?
Answer to relevant QuestionsOutline some of the critical points to capture in an elevator pitch.Describe the entrepreneurial strategy matrix and explain why it is effective for entrepreneurs.Identify and describe the four key factors that need to be considered during the growth stage.How do the following methods of valuation of a venture work: fixed price, multiple of earnings, return on investment, replacement value, liquidation value, excess earnings, and market value? In each case, give an example.An entrepreneur can make a number of choices regarding a successor. Using Table as a guide, discuss each of the choices.
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