According to you, an elevator pitch is an important for an entrepreneur to make the goals of the entrepreneurship known to the prospective investors through oral presentation. You have also mentioned that to make this possible, an entrepreneur must ensure that he or she uses keywords and make proper rehearsal before making a presentation. I agree with this reasoning and understand how important an elevator pitch is to an entrepreneur.
I agree with the way you have defined a business plan and how it can be used in an entrepreneurship. All entrepreneurs must understand that a complete business plan has to describe the current state of the organization, the expected needs, and the projected results. According to me, these three factors are the basic functions of a business plan.
According to you, an elevator pitch gives an entrepreneur an opportunity to show their success path by giving a prospective investor an opportunity to understand the business better before investing in the business. Just the way you put it, I believe that the elevator pitch should be brief and provide all salient information about the business plan.
Identifying the target market, highlighting critical risks, and orienting the plan towards the future, according to you, are the three most important principles for preparing a business plan. I agree with you. In case a business plan can fulfill these principles, then it is good enough to serve the interest of the business now and in the future.
Finally, I support your point, when you say that the showing the investor that you already have an understanding of the targeted market and the potential customers will give a business a higher opportunity to get more investors.
Comment For 3 Students Essay Samples
Type of paper: Essay
Topic: Business, Entrepreneurship, Business Plan, Business Model, Stock Market, Entrepreneur, Elevator, Investment
Pages: 1
Words: 300
Published: 03/30/2023
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