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    Narrative Report 8-10

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    James Daniel Swinton
    The business plan video presentation provides an opportunity to reach investors and expand the business. Preparing the presentation requires time and effort but can attract support. The presentation will not allow for face-to-face interaction, so thorough preparation is important including practicing with others. The virtual business plan presentation included a 38 slide PowerPoint explained by team members. Questions were answered on topics like the importance of business plans, reasons for business failure, and whether passion is important for starting a business.

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    Narrative Report 8-10

    Uploaded by

    James Daniel Swinton
    33 views3 pages
    The business plan video presentation provides an opportunity to reach investors and expand the business. Preparing the presentation requires time and effort but can attract support. The presentation will not allow for face-to-face interaction, so thorough preparation is important including practicing with others. The virtual business plan presentation included a 38 slide PowerPoint explained by team members. Questions were answered on topics like the importance of business plans, reasons for business failure, and whether passion is important for starting a business.

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    The business plan video presentation provides an opportunity to reach investors and expand the business. Preparing the presentation requires time and effort but can attract support. The presentation will not allow for face-to-face interaction, so thorough preparation is important including practicing with others. The virtual business plan presentation included a 38 slide PowerPoint explained by team members. Questions were answered on topics like the importance of business plans, reasons for business failure, and whether passion is important for starting a business.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    33 views3 pages

    Narrative Report 8-10

    Uploaded by

    James Daniel Swinton
    The business plan video presentation provides an opportunity to reach investors and expand the business. Preparing the presentation requires time and effort but can attract support. The presentation will not allow for face-to-face interaction, so thorough preparation is important including practicing with others. The virtual business plan presentation included a 38 slide PowerPoint explained by team members. Questions were answered on topics like the importance of business plans, reasons for business failure, and whether passion is important for starting a business.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    WEEK 8

    NARRATIVE REPORT

    Business Plan Video Presentation provides a great opportunity to reach out to interested
    investors. The business plan is essentially our goal for expanding our business, with clear
    information on the what, why, and how of making our business stronger. Preparing a business
    plan and getting it ready for a video presentation requires some time and effort, but a well
    presented business plan can draw investors and provide support to our company, so we will do
    our best to create an excellent video presentation.
    WEEK 9

    NARRATIVE REPORT

    Presenting business plan on video means we will not be interacting face to face with our
    audience who are receiving our message. Therefore, we should plan in advance and make a good
    Preparation for Business Plan Presentation. We made a PowerPoint presentation, and there
    we organized the different information pertaining to our business. We review before delivering
    the final version of the video presentation. We checked meticulously to make sure that every
    detail is correct and that our presentation is remembered for its impact, and not for any errors.
    For our presentation to go off as we want it, we practice with friends and family members.
    WEEK 10

    NARRATIVE REPORT

    Our Business Plan Virtual Presentation was held last March 16, 2021. We used a
    PowerPoint presentation, which was composed of 38 slides. All of us have participated in
    explaining each of the elements of the business plan. We have two panelist namely, Sir Jerdel De
    Lara and Sir Jeff Arnaldo. After the explanation, we then proceeded to the question and answer
    portion. The question that were asked was answered by the person in charge to that topic. One of
    the questions was- what is the importance of a business plan? We answered: Business plan is an
    important tool that gives entrepreneurs the ability to lay out their goals and track their progress as
    their business begins to grow. It should be the first done when starting a new business to make
    business ideas succeed. It also helps them to achieve short-term and long term-objectives. It can
    also be used to secure investment capital from financial institution or lenders, to convince people
    to work for the enterprise, to secure credit from suppliers and to attract potential customers.
    Another question was- What do you think are the common reasons why some businesses fail?
    We answered: Some of the reasons might be because of stiff competition, it’s tough to generate a
    steady profit when you have a lot of competitors in your space. It could also be because there is
    no market need, no one wants the product. Or maybe because some entrepreneurs price their
    products too high or too low, both scenarios can be a recipe for disaster. Another question was-
    Many business owner say it is better to put up a business that you passionately want, do you
    agree with it? We answered: Many businesses are created out of passion, and while passion can
    be a great motivator, it’s not always a great proof point. Planning out exactly how you’re going
    to turn that vision into a successful business is perhaps the most important step between concept
    and reality. Business plans can help confirm that the grand idea makes sound business sense. As
    far as I can remember, I think those questions among many other, are basically the most
    important question that we have answered.

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