Business Plan and New Entrepeneurs
Not what you're looking for?
Analyze the financial planning process for new ventures and speculate about which steps are the most difficult for new entrepreneurs to implement. State why they are the most difficult.
Purchase this Solution
Solution Summary
This solution of 422 words discusses the financial planning process in four steps and justifications. It also discusses the most difficult steps, explains why and provides examples for understanding.
Solution Preview
Dear Student,
Analyze the financial planning process for new ventures and speculate about which steps are the most difficult for new entrepreneurs to implement. State why they are the most difficult.
In case of starting of new venture i.e., establishment of new business for the manufacture and selling of new product or diversification of the existing business by introducing new product in the market, it is necessary to make the detailed financial planning.
In case of making financial planning, the following steps should be followed.
1. Feasibility study of the product in the market.
2. Detailed market research with respect to ...
Purchase this Solution
Free BrainMass Quizzes
Organizational Behavior (OB)
The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.
Team Development Strategies
This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.
SWOT
This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.