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It depends on the quality of the situation

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Rihane Rachid

Lvl 4
4y ago

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What are the problems faced by entrepreneurs when setting up a business?

how to set up the market and supply the customer as per their demand I would also add: 1. Entrepreneurs often limit their horizon to 6 - 12 months rather than 3 - 5 years. In other words, entrepreneurs should develop strategic plans, strategies and tactics with a 3 - 5 year horizon. 2. Entrepreneurs tend to underestimate the amount of capital they will need to achieve their 3 - 5 year goals and objectives. Hence, the need for a 3 - 5 year visible horizon.


Why should entrepreneurs analyze both direct and indirect competitors?

They should analyze their competition (both direct and indirect) because this can lead to a more succesful business in which they can stick said business up your butt


What do real estate consultants do?

Like most consultants, real estate consultants give advice to real estate purchasers on what they should do. Anyone can brand themselves a real estate consultant however so it's not always professional work.


Why should an organizational buyer want to get competitive bids?

An organizational buyer should seek competitive bids to ensure they receive the best value for their investment, as it encourages suppliers to offer their most competitive pricing and terms. This process promotes transparency and accountability, allowing the buyer to evaluate different options based on quality, cost, and service. Additionally, obtaining multiple bids can help mitigate risks by fostering supplier competition, which can lead to better overall quality and innovation in products and services.


What information should be included in a business plan?

A business plan should include an executive summary, which provides an overview of the business concept and objectives. It should detail the market analysis, including target audience and competition, as well as the marketing and sales strategies. Additionally, it should outline the operational plan, organizational structure, and financial projections, including funding requirements and anticipated revenue streams. Lastly, it should also contain a risk assessment and contingency plans to address potential challenges.