Which document that is mentioned in the table could possibly help the entrepreneur to obtain funds from a financial institution?

• SWOT stands for Strengths, Weaknesses, Opportunities, and Threats.

  • Strengths: Internal, positive.
  • Weaknesses: Internal, negative.
  • Opportunities: External, positive.
  • Threats: External, negative.

• 2.6.1 Increased competition from other producers: Threat

• 2.6.2 Having out-dated and inefficient machinery: Weakness

• 2.6.3 Skilled workforce: Strength

• 2.6.4 Newly introduced technology that increases farm efficiency is coming soon: Opportunity

2.7.1

• Executive Summary
• Market Analysis (or Company Description, Financial Projections, etc.)

2.7.2

• To secure funding from financial institutions or investors.

3.1.1

• Piet diversifies his farm activities (self-catering, fishing, picnic spots, small game), showing innovation and creation of new ventures.

• Jan works for himself, takes risks, seeks new ideas, and compiles a business plan for a new enterprise, all key entrepreneurial traits.

• Piet and Jan

3.1.2

• Willingness to take risks (Jan)
• Always on the lookout for new ideas and new business opportunities (Jan) (Other valid answers from Piet: Diversifies, establishes new ventures)

3.1.3

• Jan's characteristic 4 states he is "compiling a business plan for a new enterprise."

• Business plan