Question 1 Ken Lee intends to raise fund for his new busines

Question 1)

Ken Lee intends to raise fund for his new business venture. He has approached a venture capitalist who wants to prepare a business plan of his venture focusing on: a) Environmental & Industrial analysis b) Description of venture, c) production plan, d) Marketing plan and e) Financial plan, respectively.

Explain the importance of the above components in the business plan.

please explain in detail

Solution

Importance of Environmental and Industrial Analysis.

Importance of Description of venture.

Importance of Production Plan.

Importance of Marketing Plan.

Importance of financial Plan.