Question

In the process of starting a business, after developing a business plan the
entrepreneur needs to

A) order supplies for the business.
B) develop an employee manual.
C) decide an appropriate legal
form of business ownership.
D) promote the business to the customers.
E) file for tax returns for the business with the Internal Revenue Service.

Answer 1

The entrepreneurial process consists of three crucial steps. consists of three steps: (1) discovering business possibilities; (2) planning and putting together the enterprise; and (3) funding the venture and acting. Identification of opportunities, planning and preparation of the enterprise, and resource allocation for the venture

Process requirements. Online banking is possible today because of the development of ATMs in the 1960s.

The majority of businesses are successful because they offer a decent enough product or service. According to multiple research findings, the largest problem for small businesses is marketing, sales, and money. But money management is the one crucial element that most often determines success and failure.

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