Published at Wednesday, May 09th, 2018 - 01:50:42 AM. Template. By Wann Stone.
Is it expanding, static or declining and what factors lead you to believe that your business will be successful. You will be asked about the nature and strength of your competition. How did you arrive at your pricing model and what contingent plans do you have in place if things go wrong? That is, sales targets are not met or an injury or illness to you or another important partner? Here you will also be asked about your customers profile.
Human resources: Because a business behaves just as people do, your available human resources will determine your ultimate success. For instance, there is no point in having aggressive objectives and strategies if you do not have the right people in place. Any new business plan that ignores this critical aspect will struggle to succeed.
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