Question: Please answer Discussion Questions ( 1 6 ) on p . 1 6 0 ( 7 th ed . of the book ) . Explain

Please answer Discussion Questions

(1 6)

on p

. 160 (7

th ed

.

of the book

) .

Explain the steps involved in conducting a feasibility analysis.

Why should an entrepreneur develop a business plan?

Describe the major components of a business plan.

How can an entrepreneur seeking funds to launch a business convince potential lenders and investors that a market for the product or service really does exist?

How would you prepare to make a formal presentation of your business plan to a venture capital forum?

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

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