Entrep: Module 2

It is a formal statement of a set of business goals, the reasons why they are believed attainable, and the plan for reaching those goals. 

• Business Plan

• Feasibility Study/Plan

It may also contain background information about the organization or team attempting to reach those goals.

• Business Plan

• Feasibility Study/Plan

It is a major information source in making a critical decision about whether to go or not to go into the business.

• Business Plan

• Feasibility Study/Plan

It is conducted before a decision to proceed.

• Business Plan

• Feasibility Study/Plan

It provides an investigation function.

• Business Plan

• Feasibility Study/Plan

It is prepared after a decision to proceed.

• Business Plan

• Feasibility Study/Plan

It provides a planning function.

• Business Plan

• Feasibility Study/Plan

This is conducted to reduce this risk of failure and losing money, potential producers should go through the different aspects of running their business in discussion with friends and advisers before they commit funds or try to obtain a loan.

• Business Plan

• Feasibility Study/Plan

Feasibility study is when the results are written down, the document is known as a business plan.

• True

• False

The findings can be set out in a clear and logical way so that potential lenders can understand the business and its likely risks/advantages.

• Business Plan

• Feasibility Study/Plan