BUSINESS PLAN

The process of determining the profitability of the business is considered a test of possibility.

After the preparation of the business plan, the entrepreneur prepares the feasibility study of the business.

The business plan is entirely different from the feasibility study.

The feasibility study is more detailed than the business plan.

One of the major parts or sections of the business plan is the marketing research.

The executive summary is usually shown as the last part of the business plan.

One of the sections in the introduction of the business plan is the address of the business.

The funding source and requirements are usually shown as a part of the business description.

The name or names of the owner or owners of the proposed business are considered very delicate information. Hence they must not be included in the business plan.

The business plan is a mixture of facts and assumptions.