Basics of Business Planning: Structuring the Foundations of Your Business

Which is not a key element of a business plan?

Executive summary

Personal biography

Market analysis

What does "SMART" in SMART objectives stand for?

Simple, Measurable, Active, Relevant, Timely

Specific, Measurable, Achievable, Relevant, Time-bound

Strong, Motivated, Attainable, Ready, Tested

What is the purpose of strategic foresight?

To react to market trends

To anticipate future changes and plan accordingly

To avoid making long-term commitments

What is the main benefit of having a business plan as a freelancer?

It attracts investors

It provides a clear roadmap for business growth

It guarantees financial success

Which of the following tools helps you assess internal and external factors affecting your business?

Gantt chart

PERT analysis

SWOT analysis