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Entrepreneurship

1. It may be said that a business plan is the primary tool by which an entrepreneur gets to
pitch for investment capital for the development of an opportunity.
Is this statement correct? Explain whether you think this is so, and clarify what you
believe is the scope, purpose and value of a prepared business plan.

2. You are required to discuss how the term "business plan" can mean so many different
things, depending on who is preparing it, who is reading it, and the impetus for the
preparation of the business plan.

3. While many entrepreneurs are not qualified in financial management, they are required
to practice sound financial management if they wish to ensure the stability and
sustainability of their ventures.

Discuss the scope and nature of financial management in an
entrepreneurial venture, pointing out the types of questions the entrepreneur regularly
needs to ask of the financial fitness of their venture.

about 400 words, two references

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1. It may be said that a business plan is the primary tool by which an entrepreneur gets to
pitch for investment capital for the development of an opportunity.
Is this statement correct? Explain whether you think this is so, and clarify what you
believe is the scope, purpose and value of a prepared business plan.
The business plan is the main tool by which the entrepreneur makes a pitc for investment capital for the development of an opportunity. This statement is correct to a limited extent. He makes a pitch with a business plan and if the plan is flawed the business does not get investment capital for the development of an opportunity. However, if the business plan is in order, it does not necessarily mean that the entrepreneur gets the investment capital for the development of an opportunity. An excellent plan must be backed by several other things. The entrepreneur should have a good reputation, he may even be required to have minimum educational qualification, he must have good references, excellent surety or collateral, and the business climate/economy must be optimistic. Usually, if these factors are present the entrepreneur gets ...

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This answer provides you an excellent discussion on Entrepreneurship

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