Question1. Explain the significance of Business Plan.
Question2. Explain the components of Business Plan.
Question3. Timmons and Spinelli (2007) argue that core, fundamental entrepreneurial procedure accounts for the substantially greater success pattern between higher potential ventures. Explain their model of Entrepreneurial Process.
Question4. Many entrepreneurs who found new ventures frequently fail to obtain essential information before beginning. Describe (a) main information collection techniques, and, (b) crucial information required to make sure success of new ventures.
Question5. Before starting a business, it is significant to select a proper legal form. Explain the major types of business ownership structures which are accessible to new entrepreneurs.
Question6. Continuously assessing how well the business is doing is fundamental for growth. Explain.