Description
Students will write a review worth 10 points for each of the 15 chapters. This should exhibit your learning and most importantly convince your professor the material has indeed been read! How can you do that? Provide more than the minimum summary provided by the text itself. Provide examples not found in the text. Due before class starts.
Explanation & Answer
Attached.
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Chapter 7 Entrepreneurship 10th Edition by R.H. Hisrich, M.P. Peters and D.A. Shepherd
The chapter starts by defining the business plan as a written document that describes all the relevant
information regarding both the external and internal elements as well as strategies needed to start a new venture. Its
main purpose is described as a road map that is needed by an entrepreneur. It addresses the integration and
coordination for the purposes of effective business objectives as well as strategies. Software packages can be
used, but one needs to personalize it according to a particular situation. One of the strategies
mentioned to have a very negative result is the cookie cutter. The business plan should be written by
the entrepreneur.
People that should be consulted with lawyers, accountants, bankers, marketing
consultants, among others. The services needed are said to be found in the SCORE & SBDC.
Some of the value of the plan indicated inclu...