4 Main Objectives
SMART targets
Business Plan
Characteristics of an Entrepreneur
100
To make sure the business doesn't fail and to hold on to a part of the market share.
What is Survival?
100
a set time for the achievement of the target
What is time-related
100
A list of things in the plan
What is table of contents
100
entrepreneurs risk these but are not reckless
What is risk taker
200
One example of this would be for certain types of businesses such as charities
What is providing a service
200
This target needs to be relevant
What is specific
200
includes name slogan description location type of business legal structure and owner information
What is background
200
looks for new ways to solve old problems
What is creative
300
making enough of this to meet the needs of the firm-works well with charities
What is profit
300
This should be a target that is possible to reach
What is attainable
300
Short version of the business plan
What is executive summary
300
is willing to work until the job is done no matter how long it takes
What is persistent
400
Eliminate your competition, Expand your business
What is growth
400
This target should be closely connected or appropriate to the matter at hand.
What is relevant
400
what you plan to accomplish and how long it should take
What is business goals
400
wants to make their own decision
What is independent
500
a brief summary of the main objectives of the business
What is mission statement
500
it should be quantifiable, so often involves figures or percentages.
What is measurable
500
fills in the key details for the people who will manage the business
What is management and labor
500
once they achieve their goals they start looking for new challenges
What is restless
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