Question: Note: please use a different business idea i find a many answers related to this question on this app. MGN 410 Planning Business Strategy -

Note: please use a different business idea i find
Note: please use a different business idea i find a many answers related to this question on this app.
MGN 410 Planning Business Strategy - Individual Project The Project Test your understanding of the fundamental knowledge and skills of starting a new business from, ideation to execution. You must provide answers to the two phases of planning, and demonstrate the ability of outlining the necessary processes of starting a business. Your answers should relate to the specific idea you want to start a business with, and provide as much research as possible. Phase 2 (10%) Based on the business idea you presented during Phase 1, answer the following questions: 1. You sales forecast will be an important and key element of any business plan. If you were to forecast the sales for Year 1 through Year 3 what would be the variables you would need to consider and where might you go to research and obtain the data on which to base your forecast? 2. What is/are your biggest challenge/challenges throughout the planning? Please explain in detail, 3. What is the growth potential of your business? What do you envision

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