Business Plan

Front

What is a business plan?

Back

A business plan is a written description of a business idea and how it will be carried out, including all major business activities.

Front

Why do you need a business plan?

Back

To explain your idea, the ability to get financing, it's a road map that sets objectives and goals for the business, To help reduce the risk of business failure.

Front

Describing how you came up with the idea for your business can help others understand how your business will operate.

Back

True

Front

Writing a business plan can force entrepreneurs to think about their goals.

Back

True

Front

A handwritten business plan is acceptable if it is neat, well organized, and inviting to read.

Back

False

Front

The marketing section of your business plan should describe the location of your business.

Back

True

Front

Your business plan should describe the location of your business because

Back

location is often a critical factor in a business's success

Front

In the financial management section, a new business must include: projected financial statements, copies of all rental agreements, current financial statements, all of these

Back

projected financial statements

Front

The beginning of a business plan might include: a copy of required licenses, letters of recommendation, tax returns of the business owner.

Back

all of these

Front

An independent agency of the federal government that was created to provide support to entrepreneurs and small businesses

Back

Small Business Administration