Question: a. Why should an entrepreneur develop a business plan? b. What are the major components of a business plan? What are the five Cs of

a. Why should an entrepreneur develop a business plan?

b. What are the major components of a business plan?

What are the five Cs of credit? How does a potential lender use them to evaluate a loan request?

Once you make your post with not only verbatim from the book, but with your own take and exemplification. I need you to use critical thinking and start to write as a person in a position of "know" and give examples to illustrate your understanding.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Hello, Would you please review the attached assignment? I know I have errors in and this assignment carries into the rest of the course so I need to get it corrected to move forward. I have attached...

1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...

Reflect and Respond to the following questions: a. Why should an entrepreneur develop a business plan? b. What are the major components of a business plan? What are the five Cs of credit? How does a...

Please answer Discussion Questions ( 1 6 ) on p . 1 6 0 ( 7 th ed . of the book ) . Explain the steps involved in conducting a feasibility analysis. Why should an entrepreneur develop a business...

2. Why should an entrepreneur develop a business plan? 3. Describe the major components of a business plan. 4. How can an entrepreneur seeking funds to launch a business convince potential I 5 How...

Imagine you are an entrepreneur seeking external funding for your small business venture, which involves introducing an innovative technology product to the market. Discuss FIVE ( 5 ) helpful tips...

Advanced Fuels Corporation (AFC) was founded five years ago by Dr. Zachary Aplin, who left his faculty position at Texas A&M to work full me developing a process to convert waste products into fuel....

Kindly answer the following question from facility management without explanations : in which of the following project phases are a project's end results identified? a. Define b. Do c. Plan d. Act An...

Let f: R R, g: R R, h: R Rare three functions and f (z) = ,9 (z) = then we define h(z) = f (x) +g (x)-5x. If h (z) = b- %3D where 'c' is prime then is Backspace 789 5| 6

Vaughn Manufacturing started the year with total assets of $304000 and total liabilities of $244000 During the year the business recorded $628000 in revenues, $335000 in expenses, and dividends of...

The annual interest rate, compounded annually, at which $ 5 1 0 must be invested for it to grow to $ 1 , 8 9 2 . 6 4 in 1 1 years is ( type your answer as a percentage, round to two decimal places )...

Suppose Melvin's Bank starts with the balance sheet in Table 9.4A and the income statement in Table 9.2. Show how the balance sheet and income statement change in each of the following scenarios....

Some economists suggest that banks should be charged premiums for deposit insurance based on their levels of capital. Premiums should be higher if capital is lower. What is the rationale for this...

Consider two possibilities: (i) a bank is forced to close even though there is no good reason for it to close; (ii) a bank remains open even though there are good reasons for it to close. a. Explain...

Suppose Melvins Bank can make a bet on derivatives that has a 2/3 probability of earning $20 and a 1/3 probability of losing $40. a. Assume Melvins has $20 in capital. What are the possible costs and...

Let's change the example of capital requirements in Table 10.3. Assume that Melvin's Bank holds $40 in Treasury bonds (rather than $10) and $30 in loans to other banks (rather than $10). Otherwise,...

Design a minimum-mass symmetric three-bar truss (the area of member 1 and that of member 3 are the same) to support a load P, as was shown in Fig. 2.9. The following notation may be used: Pu = P cos...

81. Illustrate what-if analysis for evaluating changes in company conditions and policies.

81. Explain financial leverage and its implications for company performance and analysis.

81. Explain the importance of liquidity, and describe working capital measures of liquidity and their components.