Business Plan basics

Front

The main purpose of a business plan is to communicate to potential investors/partners/banks how your business is running, what the company is selling, who it is selling it too, and if your company is profitable/how long it will take it to become profitable.

Back

True

Front

After the cover page and table of contents, what should be the first thing written in your business plan?

Back

Executive summary

Front

The Executive summary serves what purpose in the business plan?

Back

A brief overview of what is in the business plan

Front

When talking about the opportunity in your business plan you are talking about what?

Back

What niche your company can fill

Front

A market focus is concerned with targeted demographics?

Back

True

Front

When calculating your expected returns what factors do you need to consider: Cost of goods sold, Revenue, Taxes, All of the above?

Back

All of the above

Front

How should a mission statement be worded?

Back

It should clearly and concisely express the companies core mission in one or two sentences.

Front

A sole proprietorship has how many owners?

Back

1

Front

Why would potential investors care about your companies management team and company history?

Back

It gives them information that shows why the company might be successful.

Front

Which of these would not be considered a location or facility for a business or company? Your personal home, A warehouse where inventory is kept, The location where your server farm is located, The brick and motor location for your offices

Back

Your personal home