In the Order of Entrepreneurial Activities,business Plans Come ______
In the order of entrepreneurial activities,business plans come ______.
A)at the onset of the business idea
B)after idea generation,business model canvas,feasibility study,and pitch deck
C)after the business model but before the feasibility study
D)after the business model but before the pitch deck
When preparing financial projections for a business plan,be ______ in your estimates.
When writing a business plan,what is the most effective way to incorporate visuals?
A)Include a robust number of charts,graphs,and images on each page to support your plan.
B)Avoid using visuals if possible.
C)Include visuals to bring your idea to life but be careful not to crowd the plan with too many charts,graphs,and images.
D)Reduce the amount of white space as much as possible by using visuals.
Nan presents her plan for a slip-on shoe that is water repellent,inexpensive,and highly fashionable.She believes that the market for the product is "everyone in the city of Seattle." Because of this,she forecasts that she will capture 40 percent of the market.What is the business plan error that Nan is incurring?
A)too much fluff in the presentation
B)no clear product benefits
C)the exaggerated hockey stick
D)There is no error.This is a reasonable estimate.