Microfinance - Short Question Answer

Here in this section of Microfinance Short Questions Answers, We have listed out some of the important Short Questions with Answers which will help students to answer it correctly in their University Written Exam.

1. What should a business plan include?

Your plan should include:

  • An executive summary - this is an overview of the business you want to start. It's vital. Many lenders and investors make judgments about your business based on this section of the plan alone 
  • Your vision and business idea - a short description of who you are, what you plan to sell or offer, why and to whom, your business goals and key selling points 
  • Your marketing and sales strategy - provides details on customers, competitors, market trends and tactics (eg pricing, distribution and promotion) - see your business markets and competitors and marketing and sales.
  • Your management team and personnel - your credentials and the people you plan to recruit to work with you.
  • Your operations - your premises, production facilities, your management information systems and IT.
  • Financial forecasts - this section provides details of cash flow forecasts, profit and loss accounts and balance sheets.
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