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The process of developing a business must follow an orderly process. Discuss briefly and concisely in your own words the following steps in order to make a business successful.

a. Identification and description of the business opportunity.
b. Business Planning
c. Start-up/Implementation.
d. Organization and coordination
e. Evaluation

The Process Of Developing A Business Must Follow An Orderly Process Discuss Briefly And Concisely In Your Own Words The Following Steps In Order To Make A Busin class=

Sagot :

Kylazamoraromeoidn

Answer:

a.In the same vein, business opportunity means a good or favourable change available to run a specific business in a given environment at a given point of time. The term 'opportunity' also covers a product or project.

b.Business Plan is a written document that describes the business idea and all the relevant internal and external elements involved in launching a new venture. It describes the nature and context of the business opportunities and the plans to exploit the opportunity.

c.The term "startup" refers to a company in the first stages of operations. Startups are founded by one or more entrepreneurs who want to develop a product or service for which they believe there is demand.

d.Organizing is the process of defining and grouping the activities of the enterprise and establishing the authority relationships among them. Coordination is the orderly arrangement of group efforts to provide unity of action in the pursuit of a common goal.

e.A business evaluation is an analysis and review of the entire business as a whole. It is conducted to determine the overall standing and operation of a business before it is sold by the owner to a potential interested buyer.

Explanation:

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