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WorksheetsBusiness plan
Total questions: 10
Worksheet time: 5mins
What is a business plan?
Written document that only outlines the business practices of the new business.
Written document that only describes the ownership of the business.
Written document that describes the financial aspects of the business
Written document that describes all the steps necessary for opening and operating a successful business.
Why do you need a business plan?
To explain your idea
t's a road map that sets objectives and goals for the business.
To help reduce the risk of business failure.
All of the above
Complete the sentence: A business plan...
is useful once your business is operational but not much help during the startup phase
is not usually needed once the business is up and running
can serve as a tool for helping a business during the startup phase and for managing your business once it is up and running
A brief account of the key points contained in a business plan
Executive Summary
Company Description
Mission Statement
Vision Statement
A description that provides an outline of a business
Executive Summary
Company Description
Contingency Plan
Mission Statement
A description of the product or service to be offered
Operational Plan
Marketing Plan
Product and Service Plan
Industry Overview
Research of the potential customer’s profile
Market Analysis
Marketing Plan
Mission Statement
Growth plan
A plan presenting financial forecasts for the business
Financial Plan
Investor Plan
Loan Proposal
Business Loan Plan
A business plan would normally be updated:
Every day
A month after the business starts
Once a business adjusts its aims/objectives
Never - It stays the same in its original form
Refers to what you are selling, including all of the features, advantages and benefits that your customers can get.
Price
Promotion
Packaging
Product
