Start Up Business plan

What is the most important part of your business plan?

Which of these is not a part of the Executive Summary?

• An outline of all salaries to be paid

• An overview of your business idea

• A description of your product and/or service

• Your proposed target market.

The Executive Summary should be one or two pages in total.

• True

• False

This section of the business plan explains the basic elements of your business.

This is a brief explanation of your company’s reason for being.

How long should the mission statement be?

• 5 sentences

• 1 or 2 sentences

• a paragraph

• 10 sentences

What questions should the company philosophy and vision address?

• How much profit you want to make?

• What do you ultimately want it to become?

• What values does your business live by?

• Do want to become bankrupt?

This refers to the long-term outlook for your business.

These are long- and short-term targets as well as any milestones or benchmarks you will use to measure your progress.

This sections explains who your target customers are.