Chp. 3 - Business Plan

Front

What is a business plan?

Back

Written document that describes all the steps necessary for opening and operating a successful business.

Front

Why do you need a business plan?

Back

To explain your idea, the ability to get financing, it's a road map that sets objectives and goals for the business, To help reduce the risk of business failure.

Front

Complete the sentence: A business plan...

Back

can serve as a tool for helping a business during the startup phase and for managing your business once it is up and running.

Front

Looks at likely risks to the business

Back

Contingency Plan

Front

An analysis of the business’s advantage over its competitors

Back

Competitive Analysis

Front

A part of the business processes that result in the production and delivery of the product or service

Back

Operational Plan

Front

How a company will make customers aware of its products/services

Back

Marketing Plan

Front

Looks at how the business will expand in the future

Back

Growth Plan

Front

A potential business owner’s qualifications and those of any partners

Back

Management Team Plan

Front

A brief account of the key points contained in a business plan

Back

Executive Summary