Business Establishment: Entrepreneur
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As an entrepreneur, what should be my main objective or focus in terms of forecasting in opening a restaurant?
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Solution Summary
This solution explains the main objective or focus when preparing a forecast for the opening of a restaurant. The reasons for the main objective selected are also thoroughly explained.
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As an entrepreneur, the main objective in terms of forecasting is to try and estimate profitability levels as accurately as possible for the restaurant. The entrepreneur should prepare a comprehensive forecast based on industry data and trends that also considers current economic conditions. The entrepreneur's additional objective in ...
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