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प्रश्न
What is elevator pitch?
उत्तर
Elevator pitch is a three minute summary of the business plan’s executive summary. This is used to awaken the interest of potential funders, customers, or strategic partners.
It is common for start-ups to have three or four formats as follows for the same business plan and elevator pitch is one of it. .
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संबंधित प्रश्न
Who can write the business plan?
How many formats are available to design a successful business plan?
What is a proforma income statement?
What is a Business Plan?
How many sources of funds are available for arranging funds for business enterprises?
How many choices are there to start a business by a business man? Explain each of them
What is a business plan? Explain its importance.
Explain, in detail, the various formalities required to start a business.
A person has decided to start a small leather belt manufacturing unit. He/she is not aware of the various formalities involved in the process of setting up the unit. Explain to him/her the procedure.
The first stage of a business plan is to come up with a business name supposing you are an entrepreneur, who is in the stage of deciding abusiness name for your enterprise would you :
(i)Keep the name of your enterprise, similar to one of the enterprises that are already doing really well in the same line of business?
(ii)Select/create a completely new name for your enterprise and create a brand name of your own? Give reasons. (Honestly)
An entrepreneur is doing an industry analysis. While he/she is analyzing his/her competitions in his/her line of business, he realises that the competitors are far better in their business plans and their execution. Should the entrepreneur add unique selling point in the existing plan to get a creative niche above others or should he/she go for a completely different line of business where the competition is less and he/she is easily able to place his/her feet in the market? Give reasons. (creativity and problem solving)
Raghav, an entrepreneur realises that the enterprise he wants to start has a potential risk of fire because the production process poses such a threat. Should he develop strategies to :
(i)Prevent the risk
(ii)Respond to the risk
(iii)Prevent as well as respond to the risk? Give reasons.
Enlist any three points of importance in framing the business plan.
