HS Entrepreneurship - Ch6 Business Planning

The ___________ helps connect entrepreneurs with lenders to help them plan, start and grow their business.

• Venture Capital

• SBA

• Business Plan

• Executive Summary

A very detailed and comprehensive plan that sets out business objectives and strategies for achieving them.

• Venture Capital

• SBA

• Traditional Business Plan

• Lean Start Up Plan

High Level focus plan, fast to write and contains key elements only. Also referred to as a business model canvas.

• Venture Capital

• SBA

• Traditional Business Plan

• Lean Start Up Plan

A comprehensive plan that shows steps that will be taken to advertise a target market.

• Management Plan

• Marketing Plan

• Traditional Business Plan

• Lean Start Up Plan

A detailed plan describing the planning, monitoring and controlling efforts in an organization.

• Marketing Plan

• Management Plan

• Traditional Business Plan

• Lean Start Up Plan

A plan for future financial projections. Income statement, Balance Sheet and Cash Flow statement should be included.

• Marketing Plan

• Management Plan

• Business Plan

• Financial Plan

Combination of internal and external factors that influence the company’s operating situation. Some characteristics include competition, technology, laws and government.

• Marketing Plan

• Management Plan

• Business Environment

• Financial Plan

The reason why customers turn to one company over another company. It should solve a customer problem and satisfy a need.

• Key Partners

• Key Activities

• Value Propostion

• Key Resources

Part of the lean start up plan that states office, human resources, transportation, etc.

• Key Partners

• Key Activities

• Value Propostion

• Key Resources

The _____________ generate: value, distribution, customer relationships, and revenue.

• Key Partners

• Key Activities

• Value Propostion

• Key Resources