Entrepreneurship 2 Final Exam Fall 2024 Flashcardizz Review

Front

What is one of the main purposes of a startup business plan?

Back

To serve as a roadmap for growth

Front

A good business plan should be ______ and concise.

Back

clear

Front

What information is typically included on the cover page of a business plan?

Back

Company name, address, phone number, website, and email

Front

The cover page of a business plan should include the company's _______.

Back

name

Front

What is the most important part of a business plan that a prospective investor reads first?

Back

Executive Summary

Front

The Executive Summary should be written ______ after completing the rest of the business plan.

Back

Last

Front

What is the purpose of an Executive Summary in a business plan?

Back

To summarize the main points of the business plan

Front

What is a mission statement?

Back

A brief explanation of your company's reason for being.

Front

A company's vision refers to the long-term outlook for the business. For instance, your vision for your doggie day-care center might be to become a national chain, ______, or to sell to a larger company.

Back

franchise

Front

What should be included when describing your company's products and/or services?

Back

Details of relationships with suppliers