Purposes of Business Plan
Importance of Business Plan
Basic Elements of Business Plan
Completing the Business Plan
Researching the Business Plan
100

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

What is a business plan

100
Something every new business must have
What is a business plan?
100
Contains the bulk of the information about the business.
What is the main body?
100
                                                  A letter that introduces and explains an accompanying document or set of documents.
What is a cover letter?
100
How long you should work on your business plan.
What is 50 to 100 hours?
200
True or False: A business plan explains the idea behind your business and spells out how your product or service will be produced and sold.
What is true.
200
A business plan helps you communicate your ideas
What is to others?
200
The first part of a business plan
What is the introduction?
200
Cover letter, title page, table of contents, statement of purpose, executive summary.
What is introductory elements?
200
Organizations made up of professionals in a specific industry.
What are trade associations?
300
True or False: A business plan sets objectives and describes how your business will indefinately operate.
What is false.
300
A business plan makes you think about all aspects of your business.
What is the first importance of a business plan?
300
Describes products or services you will offer, the market, the industry, and your location.
What does the marketing section of the business plan contain?
300
Includes supporting documents that provide additional information and back up statements made in the body of the report.
What is appendix?
300
An independent agency of federal government that was created to help American's start build and grow businesses.
What is Small Business Administration?
400
Potential investors, yourself, business owners in the community.
Who is the business plan for?
400
A business plan may help you secure financing for your business.
What is the second importance of a business plan?
400
Helps you determine your financial needs.
What is financial management?
400
A brief explanation of why you are asking for a loan and what you plan to do with the money.
What is statement of purpose?
400

A service corps of retired executives.

What is SCORE?

500
A business plan describes the backgrounds and experience of the leadership team of the business.
What is the last step in the purposes of a business plan?
500
A business plan helps you communicate your ideas to others.
What is the third importance of a business plan?
500
Identification of risks, financial statement, funding requests and return on investment.
What does financial management include?
500
A short restatement of the report.
What is executive summary?
500

Small business development centers.

What is the SBDC?

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