Exam 9: Planning for Entrepreneurs

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You have been talking to a friend who may be interested in investing in your company.However, he would like to see a plan to be assured that the business would work given the business environment, market, and ability to carry out the plan.Describe the planning tool advisable in this situation and itemize the elements of the plan.

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What would be considered under Critical Risks?

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What is the primary value of planning?

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What is the difference between planning and a plan?

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Lianna is deciding how customers will learn about her product.What area of TRIM planning is Lianna focusing on?

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TRIM stands for which of the following?

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A sketching out of the basic TRIM issues on any available paper would be called:

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The pitch deck is a presentation highlighting the essential elements in a feasibility study and business plan.

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This process is a type of visual plan that is especially useful for identifying gaps in the business.

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If your plan is not described in a formal document, chances are you do not really have a plan.

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Imagine that you are starting a small dollar store in your community.Describe what you would consider in implementing the "R" aspect of the TRIM process.

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The purpose of the feasibility study is to provide a short-term plan for launching your business

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Which of the following would be most appropriate to present in an application for angel funding?

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What is included in the Company Overview section of the business plan?

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What is NOT the goal of the Vivid Vision exercise?

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This planning tool helps entrepreneurs test the possibilities of an initial idea to see if it is worth pursuing:

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Santiago is paying close attention to writing a statement that expresses how his product solves a specific need.What area of TRIM planning is Santiago addressing?

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Assets, rent, and advisor knowledge would be some of the considerations in the "resources" step of the TRIM planning approach.

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What information did Bark 'N Leash respond to when they conducted a major marketing campaign?

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According to the business model brief of India in a Box, which of the following activities would be possible with $250K in seed funding?

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