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Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipEntrepreneurial Planning3 Marks
Question
State the uses of a project report for an entrepreneur.
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Answer

Uses of a project report for an entrepreneur are as follows:
  1. It is the interpretation of the idea of the entrepreneur on paper.
  2. Project report is the blueprint that helps him to explain his idea in factual term to his associates, financers, clientele etc.
  3. It facilitates him to plan his course of action, and evolve business strategies.
  4. It can be interpreted in the form of SWOT analysis. So that he can identify the challenges, ahead of him and overcome them in time.

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