MGT5EBP Entrepreneurial Business Planning
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A Business Plan is a business description of the future that tells an entrepreneur what you plan to do and how you plan to do it. An example of a plan is like writing down a paragraph somewhere explaining your business strategy is a plan. Business plans are very strategic because you start today with specific resources and abilities, aiming at getting greater profits and more assets in the future. A business plan shows how to get there from here. The MGT5EBP Entrepreneurial Business Planning course is both external and internal purposed. Internally, entrepreneurs create a business plan to put together different businesses. The external business purpose is to raise capital. A company that is well planned will, of course, succeed than the one which is based on guesswork and mere hopes.
There are specific challenges encountered while writing assignments and homework based on this course. Inability to understand what Entrepreneurial Business Planning entails is quite a big challenge. This is because a student has no idea what to write about. Students, therefore, do not understand the concepts to apply in writing this paper. Failure to arrange the concepts is a challenge itself. Because poor concept arrangement results in content that does not make any sense due to the inability of ideas flowing smoothly. Not everyone has the capability of having general knowledge. Specifically, weak students are affected positively by this challenge while writing assignment task. Inability to meet the deadline is another big challenge. All these challenges will then hinder the production of a quality paper hence getting very poor grades.
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