Business Departments
this is the part of the company that manufactures the product or provides the service that the company is selling.
What is a production department? (Line Cooks)
has a single business owner,is the simplest and least expensive type of business to set up or dissolve.
What is Sole Proprietorship?
analyzing Strength, Weakness, Threats, and Opportunities
What is a SWOT analysis?
this is the area of a company is the part of the company that interacts with customers after they have purchased the product or service.
What is a customer service department?
is taxed as a pass- through entity, so all income and expenses are filed on the owner's personal tax return
What is Sole Proprietorship?
describes your company's goals, mission, products and services, industry, target market, marketing plans, competitive advantage, management, organization, finances, and more
What is a business plan?
This department develops new products or improvements to existing products.
What is a research (Head Chef)
a company that is complicated and expensive to set up, operate, and dissolve,protects owners from personal liability,double taxed
What is a corporation?
to get funding, To keep the company focused on specific goals, To identify problems in advance, To attract employees and management
What are some of the most important reasons for creating a business plan?
the part of a company that promotes the products and services.
What is a marketing department
a company that is a cross between a corporation and a partnership, is taxed as a partnership,
What is an LLC?
This is always the first section in a business plan, but you should write it last.
What is the Executive Summary (Mission Statement)
These people keep track of the money coming into the company and going out of the company.it makes sure the company is spending money wisely and being as profitable as possible.
What is the finance/accounting department
turning a company into a parent company with smaller retail outlets owned by independent operators, pays an initial fee and regular royalties
What is a franchise?
Executive Summary, Market Analysis, Organization
What are parts of a business plan