We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Entrepreneurship & Business Plan - Term Paper Example

Comments (0)
Summary
Some members of business and academic communities challenge the role of the business plan and its necessity to the entrepreneur, claiming that it is a waste of time since the market place moves so rapidly. Still, the business plan remains an important and powerful tool in the…
Download full paper
GRAB THE BEST PAPER
Entrepreneurship & Business Plan
Read TextPreview

Extract of sample
Entrepreneurship & Business Plan

Download file to see previous pages... The actors on the entrepreneurial stage, whether they own or run a business, know that effective business planning is the key to the long-term success of a company, as well as to its capacity of attracting investments and gathering funds. People knowledgeable in this domain, such as bankers, accountants or academicians have spoken a lot on how to prepare a business plan; therefore the importance of such a plan cannot be underestimated. Yet it seems that the more information there is the more confused people get about what a business plan should include. There is no perfect combination of content, facts and figures. A business plan has to clearly lay out the vision of your business, its achievements (if it is the case) and its potential of development. “A business plan should tell a compelling story, make an argument and conservatively predict the future, and companies have different stories to tell, different arguments to make and different futures to predict” (Chapter 3: the role your business plan plays.). That is why, when looking to raise capital, the business plan is also a very useful instrument. Still, loaners will mainly look at the financial part of your plan, as they are generally interested to turn profit. Investors, on the other hand, are more susceptible to the idea, the main concept of the business, although they will not invest in something that looks like a bad investment, so the idea has to be very well founded.
Business planning has to be understood as a complex process, through which the entrepreneur creates a model of how the business will look like in the future. Also, business planning is a very dynamic process and the target has to be continuously moving, that is, the business has to grow and develop in order to keep the game going. That is why, a business plan is necessary because it represents the road map for the company: it is pointing out the goals, it is ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Business Plan
It has a simplistic organizational structure that will be managed by an executive director. The plan also sees the significance of job analysis to ascertain that human resources hired are with proven competence and can be relied effectively as partner for business management.
6 Pages(1500 words)Term Paper
Business Plan
Our company exist to make having a clean car more accessible and convenient. Our primary goals to that need to be realized are the acquisition of necessary equipment in order to meet consumer demand utilizing less time, as well we intending on leveraging our customizable service as an added bonus that raises the bar for consumer expectation.
10 Pages(2500 words)Term Paper
Management - Entrepreneurial Managers
Entrepreneurs are therefore, responsible for financing innovations or transforming innovations and ideas into useful products. Management is an involving task and modern mangers must be able to cope with changes in their respective fields. This is because mangers work in unpredictable business environment.
4 Pages(1000 words)Term Paper
Stragtegic Business Plan
The online store lacks a plan, thus the reason for its lagging behind in growth, even though it is new in the market. In this paper, various issues concerning e-business have been explored in relation to how these can be integrated into the business plan of the online store.
10 Pages(2500 words)Term Paper
Business Plan
nd equipment both as a hobby and occasionally provides upon request any required sports merchandise to fellow sports participants and fans at the institution’s name (university) and interested external clientele. He is familiar with the city’s community sports taste and
9 Pages(2250 words)Term Paper
Business Plan
achieve this goal, Orange’s primary target will be to identify the market scenarios and trends following the future and integrate them into its company’s core strategies. The company is further committed to quickly respond to technological changes, provide higher degree of
8 Pages(2000 words)Term Paper
Business Plan
It is a leading distributor of AT&T and Sprint PCS services and it was formed to sell and distribute wireless communication services. The management philosophy of the company is based on responsibility and mutual respect to all, hence productivity
4 Pages(1000 words)Term Paper
Business Plan
The Salad Bar would be setup as a sole proprietorship business by the owner. The aim of the Salad Bar would be to provide best services to its customers by offering them an array of ingredients and dressings for customized salads. The salad bar would offer an
10 Pages(2500 words)Term Paper
Business Plan
Plastic products as well as mould are essential in Taiwan. This products have are important in the production of various range of products (Luo, 2014). Plastic manufacturing in the country have been important in the
6 Pages(1500 words)Term Paper
Business Plan for a Startup Business
The fundamental concept of the proposed food truck business is to provide mobile food services to customers in the Al Ain City. The products that will be offered to the target consumers are beef
25 Pages(6250 words)Term Paper
Let us find you another Term Paper on topic Entrepreneurship & Business Plan for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us