Business Plan
Qualities of a good entrepreneur
hard-working, passionate, creative, risk-taker, persistent, disciplined, confident, open-minded, competitive
Which are the main functions of management?
Planning, Organizing, Staffing, controlling and Directing
Which are the roles in a big company?
CEO, Manager, supervisor, worker
Name of the money you need to set up a new business
start-up capital
What is the organizational plan? What does it include?
A plan that an entrepreneur makes when he starts a new business, in which he includes:
Name, place, product, mission statement, goals, start-up capital, etc.
What are the activities related to Organizing?
Identification and Classification of activities, Assignment of duties, Delegation of authority and creation of responsibility.
What does C.E.O. mean?
Chief executive Officer
Why is it important to have a Business Plan?
Because it helps you get organized, to have control of your company, to keep a record of sales, to ask for a loan, etc
What does the acronym S.M.A.R.T. mean?
Specific, Measurable, achievable, realistic, timely
What are the activities related to Planning?
Planning is deciding in advance what to do, when to do & how to do.
What are the responsibilities of a manager?
Delegating tasks to different members, Taking decisions needed to achieve goals, Motivating workers so that they work hard, Solving day to day problems
A good Business Plan is no Guarantee of...
What questions does the mission statement answer?
Who you are
What you do
why your product is unique
What are the activities related to Directing?
Supervision, Motivation, Leadership, Communications
Who takes the decisions of the company?
The CEO
Why is the name of a business important?
Because people can identify your product or service based on the name.
Which are the 3 plans that a good BD should include?
The organisational, the marketing and the financial plan
Which function is more important?
none of them, they are all equally important
What is meant by chain of command?
a system of organization by which instructions are passed from one person to another.
What is hierarchy?
a system in which people are arranged according to their importance