Exam 10: Planning for Entrepreneurs

A document that can easily be sent to stakeholders that will give them an at-a-glance understanding of who you are,the business,and its potential,is called the ______.

Imagine that you are thinking of starting a home care business for those recovering from illness or requiring home assistance.What research would be appropriate when preparing a feasibility study?

Finding a relaxing spot is important for ______.

Describe Cameron Herold's Vivid Vision process.Why is the focus on three years down the road? What are the crucial aspects of the process? What is innovative or groundbreaking about the process,and why? What part of the process will be most challenging,in your evaluation,and why?

The process of envisioning the future for a business,including what one plans to do and how one plans to do it,is called ______.

In general,it is not a good idea to use visuals in a business plan.

What is the ultimate question a feasibility study is trying to answer?

It is important to remember that only a business plan can be used to obtain funding.

There are free tools online that help entrepreneurs distill their plans down into single pages.

The feasibility study should be shared with ______.

When writing a business plan,you should be ______ about the chance for success.

Key partners is an aspect of what type of plan?

David writes the following at the start of his business plan: "Computers are used by almost everyone in today's tech-savvy world.Computers are here to stay." What advice would you give David?

All experts agree that writing a formal business plan is necessary for the success of a startup.

What question are you answering in your plan when you compare a competitive analysis?

The part of the formal business plan in which you discuss the industry,business structure,products and services,and how you plan to make your business a success is called the ______.

Planning is the same as a plan.

Dr.Emmet (Tom)Thompson believes ______ is the key to success.

At its heart,the ______ is the document that records answers to questions.

A good reason to not write a formal business plan is ______.