Practicing Success

Target Exam

CUET

Subject

Entrepreneurship

Chapter

Entrepreneurial Planning

Question:
An entrepreneur should develop a sound financial plan discussing :
Options:
Financial requirements
Sources of raising funds
Exact assessment of revenue, cost, profits, etc.,
All of the above.
Correct Answer:
All of the above.
Explanation:
As timely availability of funds in right volume is key to entrepreneurial success, the entrepreneur should develop a sound financial plan discussing:
a) Financial requirements
b) Sources of raising funds
c) Exact assessment of the revenue, cost, profits, cash flow dynamics, stock of inventory loans etc.