You Have Been Asked to Explain the Basic Elements of a Sound

question 87

Essay

You have been asked to explain the basic elements of a sound business plan to your friend, who is considering beginning a new business. What elements should you recommend he include in his business plan?

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Definitions:

First Impressions

The immediate thoughts and judgments formed about a person or situation upon initial exposure.

Big Five Personality Traits

A model outlining five broad dimensions used to describe human personality: Openness, Conscientiousness, Extraversion, Agreeableness, and Neuroticism.

Neurotic

A neurotic is an individual prone to experiencing negative emotional states such as anxiety, anger, or depression, often due to an imbalance in normal psychological functioning.

Hostile Comments

Remarks or feedback given in an aggressive or derogatory manner intended to belittle or harm someone.