APP 004: DAY 13

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WHAT IS THE PURPOSE OF BUSINESS P

Multiple Choice

This will give you something concrete by which to monitor and assess the progress you make. I

• Ignore and neglect the progress
• Ask someone else to monitor and assess the progress
• Make wild guesses about the progress
• Monitor and assess the progress that provides a road map.

Multiple Choice

It’s an emotional roller coaster of mass excitement and sharp shots of anxiety. Amid all this and with an ever mounting in-tray of “to do’s”, you can fast lose track of what’s important.

• ignore everything
• procrastinate on important tasks
• focus on unimportant things
• prioritize what's important

Multiple Choice

In a business plan, how will you support your growth will require an injection of funding.

• Seek funding from investors, banks, or through other financing options.
• Use personal savings to fund the growth
• Ask employees to contribute to the funding
• Rely on revenue from existing customers to support growth

Multiple Choice

The usefulness of a cash flow forecast doesn’t end there though. Managing your cash position, as you may have already gathered, is fundamental to the long-term future of your business. In this instance, what purpose of business plan was being emphasized?

• Minimizing customer satisfaction
• Maximizing short-term profits
• Ignoring financial planning
• Managing cash position for the long-term future of the business/Manage your business effectively

Multiple Choice

To understand what it will take to get your dream off the ground. Following a business plan can help you to map out the growth of your company and give you confidence when you need it. In this situation, what purpose of business plan was trying to address?

• To create obstacles for the entrepreneur
• To map out the growth of the company and provide confidence to the entrepreneur. And or Fueling Ambitions and

  Mapping Growth

• To limit the growth of the company
• To discourage the entrepreneur from pursuing their dream

Multiple Choice

In business plan, how many business plan do we have?

• 10

• 11

• 12

• 13

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How are you today?