Question: You have a great idea for an Internet-based start-up business. A friend advises you to clearly link your business idea to potential customers and then

You have a great idea for an Internet-based start-up business. A friend advises you to clearly link your business idea to potential customers and then describe it well in a business plan. "You won't succeed without customers, she says, and you'll never get a chance if you can't attract financial backers with a good business plan." Questions: What questions will you ask and answer to ensure that you are customer-focused in this business? What are the major areas that you would address in your initial business plan?

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The friend is right x it takes much forethought and planning to prepare the launch of a new business ... View full answer

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