Why is it important to develop a business plan? What should such a plan include?
Question:
Why is it important to develop a business plan? What should such a plan include?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (6 reviews)
Developing a business plan is essential for several reasons as it provides a roadmap for your businesss success helps secure financing and guides decisionmaking Here are some key reasons why creating ...View the full answer
Answered By
Ma Kristhia Mae Fuerte
I have extensive tutoring experience, having worked as a private tutor for over three years. I have tutored students from different academic levels, including high school, undergraduate, and graduate levels. My tutoring experience has taught me to be patient, attentive to student needs, and effective in communicating difficult concepts in simple terms.
I have a strong background in statistics, probability theory, data analysis, and data visualization. I am proficient in using statistical software such as R, Python, and SPSS, which are commonly used in academic research and data analysis. Additionally, I have excellent communication and interpersonal skills, which enable me to establish rapport with students, understand their learning styles, and adapt my teaching approach to meet their needs.
I am passionate about teaching and helping students achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Why is it important to develop a project scope statement? What steps should you take in preparing the scope statement? Who are the participants in developing and reviewing the scope statement?
-
for a manufacturing company product costs include all of the following except direct material overhead costs research and development costs direct labor costs
-
Assume you invested in an asset for 2 years. The first year you earned a 15% return, and the second year you earned a negative 10% return. What was your annual geometric return?
-
Toward the beginning of this case, the following statement appears: Almost all small businesses experience cash flow shortfalls. What is cash flow? Why is cash flow so critical to an entrepreneurial...
-
Beginning with the score equations (11.4), verify the expression for the logit case in equation (11.5). a L() = x; (y; (x;)) i=1 '(x(B) (x)(1-(x)) = 0, (11.4)
-
Imperial Carpet has the following unadjusted trial balance as of March 31, 2012. The debit and credit totals are not equal as a result of the following errors:a. The balance of cash was understated...
-
Sage Hill Company has been in business several years. At the end of the current year, the unadjusted balances show: Accounts Receivable Sales Revenue Allowance for Doubtful Accounts $272,800...
-
A company makes three types of Concrete. Its concrete A produce $60 in profit per tire, its concrete B $40 a tire, and concrete C $80 for each ton. Each concrete passes through three stages as a part...
-
What financing options do small-business owners have? What risks do they face?
-
What are the key components of the business model canvas?
-
For the following exercises, sketch a graph of the quadratic function and give the vertex, axis of symmetry, and intercepts. f(x) = x 2 2x
-
Review the website of an organisation of your choice and assess its digital marketing objectives.
-
What problems have big firms had implementing CRM?
-
Using the SAF framework, propose amendments to either (a) the way your university or (b) a well-known brand operates.
-
A long-established, smaller charity that collects and redistributes clothing was considering a change in policy. The directors had embraced social media and were very enthusiastic about asking fans...
-
You have been asked to put together a creative execution of a direct-response ad for Stilton blue cheese, a relatively expensive cheese sometimes eaten on special occasions. Explain how you would...
-
A company has acquired two derivatives: an option to buy foreign currency (FC) and a forward contract to buy FC. Both derivatives were acquired on the same day, for the same notional amount and...
-
At the beginning of its fiscal year, Lakeside Inc. leased office space to LTT Corporation under a seven-year operating lease agreement. The contract calls for quarterly rent payments of $25,000 each....
-
Which of these transactions would be part of the operating section? A. Land purchased, with note payable B. Sales of product, for cash C. Cash paid for purchase of equipment D. Dividend payments to...
-
If you had $100,000 available for investing, which of these companies would you choose to invest with? Support your answer with analysis of free cash flow, based on the data provided, and include in...
-
Use the following information from Juniper Companys financial statements to prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018. From the Dec....
-
What are the implications of globalization on traditional cultural identities, particularly regarding the commodification of cultural artifacts and the homogenization of cultural practices ?
-
Report on "The Relevance of Industry 4.0 in modern Marketing Practice of Leading Organizations" Provide links, authors names and references of data provided.
-
ASAP Macmillan Learning Use the information below to calculate the GDP Deflator for both years and the inflation rate. The base year is 1970. Assume that there are only 3 goods in the economy: eggs,...
Study smarter with the SolutionInn App