Question
In your Entrepreneurial Finance text book, the definition of a business plan is is a written document that describes the proposed venture in terms of
In your Entrepreneurial Finance text book, the definition of a business plan is "is a written" document that describes the proposed venture in terms of the product or service opportunity, current resources, and financial projections. More formal business plan development is common in ventures moving from the development stage to the startup stage. The process of business planning is beneficial to the entrepreneur, who must be the first to believe the plan is reasonable. The entrepreneur must be convinced that starting this business is the right thing to do personally and professionally; the business plan reflects the excitement, opportunity, and reasonableness of the business idea to the members of the management team, potential investors, and other stakeholders (by Chris Leach chapter 2) Imagine, you have graduated from college in 2021 and are ready to set up a business. You have 2 business choices in the current pandemic, namely making a laundry business or a parking business. Naturally many things are different from the two types of business that you want to pursue. Make a business analysis of 2 This type of choice is both qualitative and quantitative, and all of them are supported by reference data and data simple calculations. Then draw conclusions. Things that can be taken into consideration in making a business decision, whether to choose a laundry or a parking business is
a. A business model that can generate positive revenue, profit and cash flow. Demographic choice free, can be written for example in the city of Jakarta, or the smaller city of Solo, or a village Wonogiri, which is even smaller, or outside Java, or a potential new capital city, which considered to have good prospects in the next 10 years. Give a choice, make a decision your type of business
b. Make best financing practices, for the management of the selected business working capital at the point (a
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